LUKOIL Neftochim Burgas is the largest refining and chemical processing plant in Bulgaria with a processing capacity of 9.5 million tones of oil per year. The refinery located in the Black Sea port of Burgas was launched into operation in 1964. Russian oil major LUKOIL acquired a 58.4% stake in the Neftochim refinery for USD 101 million in late 1999 and pledged to invest USD 408.3 million in it by 2005. The oil company acquired control of 93.8% in the refinery after two buyout offers placed by its European unit in early 2005. In 2006 LUKOIL also started producing biodiesel. For the period until 2010 LUKOIL has invested in the refinery in Burgas over USD 1 billion in reconstruction and modernization projects. LUKOIL Neftochim Burgas processed more than 5 million tonnes of oil in 2013 and exports accounted for over 60% of its annual sales.
Burgas; Burgas; Postal Code: 8104
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