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Lukoil Neftohim Burgas AD (Bulgaria)

Main Activities: Petroleum Refineries
Full name: Lukoil Neftohim Burgas AD Profile Updated: September 08, 2023
Buy our report for this company USD 19.99 Most recent financial data: 2022 Available in: English Download a sample report

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.

Headquarters
Burgas
Burgas; Burgas; Postal Code: 8104

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Website: http://neftochim.lukoil.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 25, 1991
Key Executives
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Executive Director and Member of the Management Board
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Member of the Management Board
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Member of the Management Board
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Member of the Management Board
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Member of the Supervisory Board
Ownership Details
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99.85%
Company Performance
Financial values in the chart are available after Lukoil Neftohim Burgas AD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
82.41%
Total operating revenue
61.6%
Net Profit (Loss) for the Period
92.64%
Total assets
-1.55%
Total equity
6.27%
Net Profit Margin
0.33%
Return on Equity (ROE)
2.67%
Quick Ratio
-0%

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