Bulgaria intends to forbid import of the Russian oil to the detriment of Lukoil <0> Oil Refinery

The Bulgarian legislators are going to vote on Thursday for the termination of import of the Russian oil that will put the country in one row with other members EU. Lukoil Neftokhim Burgas near Burgas, Bulgaria. Photographer: Doychinov Nicholas / AFP/Getty Images This step will force local oil refinery PUBLIC JOINT-STOCK COMPANY "LUKOIL", the largest in Southeast Europe, to look for alternative raw materials. It is a difficult task as the plant almost completely recycles the Russian oil, and the most obvious replacement — raw materials from Kazakhstan — already is in demand to next Romania. Bulgaria...