Hungary asked the European Union to take action against Ukraine for imposing a partial ban on Russian oil exports, arguing the move was jeopardizing country’s energy…
Bulgarian lawmakers decided to end imports of Russian crude starting from March, following Lukoil’s statement that it may sell Bulgarian assets due to unfair laws. Lukoil’s…
Lukoil Neftochim Burgas issued a announcement related to an agreement on revoking the derogation granted by the EU Council for the import and processing of Russian…
Prime Minister Nikolay Denkov said that Lukoil would have to pay over 250 million euros in taxes, or otherwise Bulgaria will lift the exemption enabling the…
Representatives from the 27 EU member states will examine a compromise that could enable them to break the deadlock on a sixth round of economic sanctions…
Hungary’s largest energy group confirms it has begun planning to enable its refineries to process alternative crude oil. Overhaul of Hungary’s oil infrastructure to handle non-Russian…
As much as 750m euros are needed to modernize refineries and pipelines so that Hungary can phase out crude oil imports from Russia, Hungarian Foreign Minister…
EU foreign ministers failed in an attempt to pressure Hungary to lift its veto on a proposed oil embargo against Russia, with Lithuania saying the union…