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LUKOIL in the Republic of Bulgaria

PJSC LUKOIL started operating in Bulgaria on October 12, 1999, by becoming the holder of a controlling interest in Neftoсhim AD, the largest-capacity refinery on the Balkan Peninsula. In penetrating new business areas and upgrading its production facilities, PJSC LUKOIL invested over 3 bln USD in the Bulgarian economy.

Its largest refinery upgrading investment project was completed between 2012 and 2015. The Company made substantial investments in the construction of a Heavy Residue Process Complex, thus boosting competitiveness of Bulgaria's largest refinery. It was later to become the largest investment project of the Bulgarian economy in the last 10 years.

LUKOIL's gas station network is one of the leaders of the Bulgarian fuel market. According to the 2014 QUDAL — QUalityMeDAL, a well-regarded international consumer opinion survey, consumers chose the LUKOIL network as the best network in terms of the quality of offered products and services.

Since 2011, PJSC LUKOIL has been investing in Bulgaria's renewable power generation. The photovoltaic power plant (PPP) in the vicinity of Bulgarian Burgas was the Company's first alternative energy project.

LUKOIL Group's companies currently play leading roles in the Bulgarian economy, i.e. the Company is the ultimate leader at the head of Bulgaria TOP 100 and the "Largest Company by Sales Revenue". LUKOIL Group companies are up high on

TOP 500 biggest businesses of Central and Eastern Europe and tend to maintain their leading positions.

Company Presence

Subsidiary
Activities
LUKOIL Neftochim Burgas ADПермКрай_иконка_Нефтепереработка.jpg     Oil refining, petrochemistry
LUKOIL ENERGY AND GAS BULGARIA EOOD01_power.jpg    Power Engineering
LUKOIL-BULGARIA BUNKER EOODПермКрай_иконка_Сбыт-нефтепродуктов.jpg    Marketing
LUKOIL Aviation Bulgaria EOOD    Marketing
LUKOIL-BULGARIA EOODПермКрай_иконка_Сбыт-нефтепродуктов.jpg    Marketing

PHOTO GALLERY

Environmental protection has always been among the key priorities pursued by LUKOIL Group's companies in their operations. The Company is particularly concerned about the preservation of Bulgaria's rich natural diversity and its vast recreational and tourist potential.

Landscaping and tree planting have become a regular events. Since 2012, the Company has been supporting the Bicycle City project launched by the Burgas administration and designed to create a convenient bicycle infrastructure. The project has helped the Company to reduce its CO2 emissions and promote a healthy lifestyle.

In addition, the Company has continuously invested in production facility upgrading, seeking to improve its energy efficiency and reduce its environmental footprint. The refinery has successfully completed the following projects:

  • The construction of a new cutting-edge Claus Unit (Gaseous Sulphur — 3), enabling the full recovery of hydrogen sulfide released in the production process.

  • A massive upgrade of one of the AVD-1 vacuum oil refining units, bringing it in line with the most state-of-the-art global technologies, boosting primary distillation performance and reducing power costs (power consumption went down 20 percent).

  • The construction and successful commissioning of a new waste gas flare stack, that enabled smokeless and safe flaring of emissions and mitigated the impact on air in the adjacent populated centers.

  • The construction of a new Sulfur Recycle Unit — 4, designed to produce high-quality and environmentally benign products (sulfur), which made it possible to cut back on harmful emissions bringing them down to the lowest levels ever achieved in the European refining industry.

  • The construction of cutting-edge flue gas scrubbing systems of refuse incineration furnaces helped reduce the annual emissions of SOx 3.5 times, those of NOx 2.3 times and those of dust 1.5 times. Installation of new equipment at the catalytic cracker brought about a more than tenfold reduction in catalyst fines emissions.

LUKOIL has a 15-years-plus history of investments in social and charity projects in Bulgaria, designed to develop amenity infrastructure and improve the quality of living in the country.

LUKOIL has traditionally supported children's and healthcare institutions. LUKOIL assisted in the reconstruction and upgrading of six kindergartens and six schools in the communities of Burgas and Kameno, and built three playgrounds and five sports fields in the region.

The Company provided financial backing to the Bulgarian Christmas initiative launched jointly with the Bulgarian President's Foundation and Bulgarian National TV: this large-scale fundraiser helped purchase modern equipment required to provide high-quality specialized treatment to kids, that was previously unavailable in Bulgaria.

Seeking to promote sports and a healthy lifestyle, the Company financed the construction of the Bike Park and Bicycle City – Modern Urban Mobility Model, as well as the design of a Horseback Riding Camp in Burgas and other sports projects. The Company has traditionally supported athletes, i.e. the 13-times basketball champion of Bulgaria, the "Neftekhimik 2010" women's basketball club, the "Neftekhimik 2010" valleyball club, basketball, volleyball and soccer youth athletic centers in the country's different regions. To promote mass and professional sports, the Nefekhimik gym was donated to the city of Burgas.

Seeking to preserve Bulgaria's cultural and spiritual heritage and build on the country's tourist potential, the Company has sponsored the reconstruction of St. Anastasia Island, Sofia Metochion of the Patriarch of Moscow and All Russia, restoration of the central Cyril and Methodius Church in Burgas, Bulgarian Artists Union, Poda Nature Conservation Center, Vaya Ecozone, archaeological excavations in the Aqua Kalide — Termopolis site and other cultural and historic sites. LUKOIL, jointly with the Balkan Athos Association, donated a part of St. George's relics to the Burgas parish. In 2012, the Company backed up a large-scale project entitled "Days of the Bulgarian Culture in Russia".

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