LUKOIL announced efforts to sell assets in Bulgaria.

The company emphasized that it reserves the right to protect its rights and legitimate interests in the event of their violation in court.

LUKOIL is taking the necessary steps to sell its Bulgarian assets to a new owner, but reserves the right to defend its rights and legitimate interests in court if they are violated, the company said in a statement.

They recalled that on November 14, Bulgaria adopted a law introducing external management at LUKOIL-Neftohim Burgas, LUKOIL-Bulgaria, and other company organizations; on November 17, all powers were transferred to the external manager.

The company expressed hope that he "will act in strict compliance with applicable legislation in order to continue the activities of the organizations, ensure their normal operation to supply the Bulgarian market with fuel, pay taxes and maintain high standards of social policy for the plant's employees, established and supported by LUKOIL."

They also hope that the activities of the external manager will not hinder the sale of the plant, the gas station network, and other assets in Bulgaria.

LUKOIL decided to sell its international assets after the US imposed sanctions against the company. The US Treasury Department issued a license authorizing the sale of LUKOIL's international businesses until December 13. The company reported that it was in talks with several potential buyers for its international businesses.

Among the potential buyers of assetsBLOOMBERG named US-based Exxon Mobil, Chevron, Abu Dhabi National Oil (Adnoc) from the UAE, and private equity firm Carlyle. Oil trader Gunvor was also in the running for the acquisition, but the deal fell through after the US Treasury Department made it clear it opposed the deal.

The Kremlin stated that all legitimate interests of a large company like LUKOIL "must be respected from the standpoint of international and economic relations." Violations against the company are unacceptable and "harm the global trade regime," as "it is a very large player in the global market," said Russian presidential press secretary Dmitry Peskov .

ReadPIONERPRODUKT .by inTELEGRAM .