The Committee on Economic Policy and Innovation adopted in the second reading the changes in the Bill for control over the implementation of restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine.
The deputies decided to appoint a special commercial manager at Lukoil, who would be responsible to the National Assembly and controlled by it, but also to postpone the removal of the derogation for Russian oil by one year, BGNES reported.
Lukoil has promised to switch to non-Russian oil processing
According to the draft law, until 30.09.2024, when the derogation is finally cancelled, “Lukoil Neftohim Burgas” AD must gradually switch to the processing of oil of non-Russian origin, and by 31.12.2023 it has the right to process no more than 80 percent of oil of Russian origin; until 31.03.2024, no more than 75 percent of oil of Russian origin; until 30.06.2024 no more than 50 percent of oil of Russian origin; until 30.09.2024, no more than 25 percent of oil of Russian origin, while the turnover of produced fuels is not lower than the average for the last five completed financial years. And from 01.10.2024, “Lukoil Neftohim Burgas” AD must fully process oil of non-Russian origin.
The other important point in this bill is the appointment of a special commercial manager in the company.
The special commercial manager will be appointed by the Council of Ministers on the proposal of the Minister of Economy and Innovation, after the opinion of the Security Council to the Council of Ministers, no later than 2 weeks from the proposal.
What happens after the suspension of the derogation for “Lukoil”
The special commercial manager will be appointed for a period of 6 months, and this period can be extended once for the same period. The special commercial manager will be strictly controlled by the Committee on Economic Policy and Innovation, as well as by the National Assembly as a whole. He will be required to submit detailed six-month action plans, which will be an integral part of the management contract and will be adopted by the Committee on Economic Policy and Innovation.
The chairman of the Council of Young Specialists of “Lukoil Neftohim Burgas” and head of planning at the refinery, Delyan Lazarov, indicated that the union is worried.
“We need time in which to work technologically and logistically, which will guarantee trouble-free operation of the enterprise with alternative capacities. You are making the decision not for a derogation, but for the future of an industry in Bulgaria”, Lazarov declared to the deputies.