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Orban: The West ruined peace in Ukraine back in April 2022

"Lukoil" is considering selling its business in Bulgaria "due to significant changes in the working conditions of the group's enterprises in the country"

Dec 22, 2024 22:20 73

Orban: The West ruined peace in Ukraine back in April 2022  - 1

The negotiations between Russia and Ukraine, held in Istanbul in 2022, prove that resolving the conflict is not an insoluble problem. This opinion was expressed by Hungarian Prime Minister Viktor Orban in an interview with M1 television.

He recalled that in April 2022, Russia and Ukraine reached a preliminary agreement at the negotiations in Istanbul, which were interrupted under pressure from a number of Western countries.

"The agreements were written on paper and there were only a few hours left until an agreement was reached," the head of government said.

„There was an opportunity to achieve a ceasefire and lasting peace in April 2022. This problem was not insoluble“, Orban stressed and added that now he cannot understand “why the West does not want this“.

The Hungarian company MOL wants to acquire the oil refinery Lukoil Neftochim Burgas, BNT reported, citing a statement by Orban.

"Lukoil", which is a private Russian company, wants to sell one of its oil refineries, the Hungarian company MOL is one of the seven participants in the open bidding and the only representative of the European Union, the decision must be made by the Bulgarians," Orban said.

In November, Lukoil's subsidiary Litasco stated that it had not negotiated the sale of the refinery in Bulgaria with a Qatari-British consortium and had not made a decision, but was considering different options for business in the country. Earlier, the Financial Times, citing sources, reported that Lukoil plans to sell the refinery in Bulgaria to a Qatari-British consortium consisting of Oryx Global and the trading house DL Hudson by the end of the year.

Lukoil continues to work in accordance with the established internal strategic goals: an analysis of various options for its business in Bulgaria is underway with the participation of independent consultants and the participation of a number of established players in the market. However, no decision has been made yet on a specific transaction with a potential counterparty,“ the company said in a statement.

Almost a year ago "Lukoil" announced that it has begun reviewing its asset strategy in Bulgaria, including considering the possibility of selling the business due to significant changes in the operating conditions of the group's enterprises in the country.

In Bulgaria, Lukoil owns an oil refinery in Burgas, a network of gas stations and oil depots, and marine and aviation businesses.