Minister of Transportation Georgi Gvozdeikov said that Bulgaria will not be paying anything to Lukoil for the early termination of the concession contract for the Rosenets oil terminal. Gvozdeikov had a meeting with the management of Lukoil Neftochim Burgas before the Government’s decision on the concession termination.
The company representatives said they would comply with the decision, but reasoned that the decision was unlawful and did not comply with the European regulation. He stressed that there is clear evidence that Lukoil Neftochim Burgas is indirectly controlled by Russia and there is no way they can claim compensation for the concession’s termination because the European regulation clearly states that no compensation is due to the concessionaire.
