Government Takes First Step towards Out-of-Court Settlement with Litasco over Lukoil Assets, Deputy PM Says
Bulgarian News Agency
Bulgarian officials agree to lift Litasco's restriction on Lukoil Neftochim Burgas, marking first step toward out‑of‑court settlement.Summary
On Tuesday, Bulgarian leaders met with Litasco and Lukoil representatives, agreeing to lift Litasco’s restriction that barred Lukoil Neftochim Burgas from trading crude oil supplied by Swiss‑registered companies. The decision, announced by Deputy Prime Minister Alexander Pulev, is the first step toward an out‑of‑court settlement, with both sides committing to further dialogue. Lukoil International’s Vice President Inna Dariy described the meeting as the "first constructive one" between the company and the government. The government also warned of a €3 billion arbitration claim by Litasco and replaced Lukoil’s special commercial manager Rumen Spetsov with Evgeni Simeonov, who attended the talks.
(Source：Bulgarian News Agency)