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Investing.com -- Russian oil company Lukoil said Wednesday it reserves the right to seek judicial protection of its rights and legitimate interests in Bulgaria after an external manager was appointed to run its assets in the country.
"Lukoil is taking all necessary steps to complete the sale of the refinery, the filling station network and other assets in Bulgaria to a new owner and expects that the activities of the external administrator will not impede this process," the company said in a statement.
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The statement comes after Bulgaria’s government last week appointed a special manager to oversee the operation of Lukoil’s Burgas refinery beyond November 21, when U.S. sanctions are due to come into effect. The special manager will also have the authority to sell the company if necessary. Multiple global oil companies, including U.S. oil giants Exxon and Chevron, have expressed interest in acquiring the assets,