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Moscow: Smells Economic War

Date: 28.07.2011

The suspension of LUKOIL's license is a blow on Russia's interests, media announced

By suspending the license of the largest refinery on the Balkans, LUKOIL, Bulgaria's government cast a heavy blow on Moscow's interests in the region, Russian media wrote yesterday.

LUKOIL Neftochim has a processing capacity of 142 000 barrels of crude oil a day. Half of its production is for domestic consumption and the other half is exported to third countries - Bulgaria's neighbors, USA and Asia, the New Region daily writes.

The editor makes it a point that the move is aimed at reducing Russia's influence on the Balkans.

According to, the suspension of LUKOIL's license may result in shortage of gasoline on Bulgaria's home market.

With its decision Bulgaria destines itself to a fuel collapse, representatives of the Russian company stated for the website. Apart from that, Bulgaria "robs" itself of its biggest tax-payer which provides 25% of all tax revenues to the state treasury.
Bulgaria dictates conditions to Lukoil, Neftegaz.RU edition commented.

"It can be suggested that this move did not happen without the influence of the delayed developments connected with the construction of a NPP in Bulgaria - (Belene NPP - editor's note) with Russian investment. Namely, under the influence of these developments Bulgaria declared its intention to diversify its oil and gas supplies at the expense of the reduction of import of energy resources from Russia," the edition underlines.

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