The main shareholder of Lukoil Neftohim Burgas AD, Litasco SA, has already received mandatory offers from several interested parties, including KazMunaiGaz.
According to Bloomberg, KMG is seeking support for its bid from the Bulgarian government, arguing that the plant was designed to process Russian oil, which is similar in quality to Kazakh crude oil.
Earlier, the chairman of KazMunaiGaz, Askhat Khasenov, reported that oil production volumes for the past 10 months exceeded planned targets.
“With a planned volume of 19.5 million tons, we have already reached 19.9 million tons, which is 400 thousand tons more than expected,” he noted.
Speaking about plans for 2025, Askhat Khasenov emphasized that the company intends to maintain the current level of production.
“Much will depend on oil prices, but our main goal is to avoid a decrease in production volumes,” added the head of KMG.