The Lukoil Group in Bulgaria must pay €100 million for abusing its dominant position by limiting access to tax warehouses and transport infrastructure, which can reduce the import of fuels into the country, according to the Commission on Protection of Competition (CPC).
It is noted that Lukoil sells products made at the Burgas refinery on the local wholesale and retail market exclusively to Bulgarian buyers, with the number of individual wholesale customers being roughly 500
"The transaction is planned to be closed by the end of March 2023 after accomplishment of conditions precedent, including obtainment of required consents from regulators, including the government of Italy," Lukoil said
The Swiss trading arm of Russian energy giant Lukoil has scaled back operations after the oil company cut its supply of capital to guarantee nearly $1 billion in margin calls in the wake of Western sanctions, according to three people familiar with the matter.