Kazakhstan’s KazMunayGas National Co. JSC is bidding to purchase the Bulgarian refinery of Russia’s Lukoil PJSC, according to two people familiar with the negotiations.
Litasco SA, the main shareholder of Lukoil Neftohim Burgas AD, and its affiliate have already accepted binding offers from several potential buyers, with KazMunayGas among them, the people said, asking not to be named because the talks are private. The Kazakh state company is discussing financing for the potential acquisition with Vitol Group, the world’s biggest independent oil trader and a major player in Kazakhstan.
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Publish date : 2025-01-06 22:36:00
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