Customs Agency, Lukoil Reach Out-of-Court Settlement on Refinery’s Licence
Bulgaria's Customs Agency made an out-of-court settlement with oil refinery Lukoil Neftochim after it established that the flow meters installed at the Lukoil Neftochim Burgas refinery comply with the relevant excise and customs warehousing regulations.
Lukoil Neftochim was appealing the decision of the agency to withdraw the tax warehouse licence of Lukoil Neftochim and Rosenets Oil Terminal.
"The management of the Customs Agency accepts with satisfaction today's decision of the Sofia Administrative Court which confirmed the settlement made on January 23 between the Customs Agency and Lukoil Neftochim Bourgas," the agency said in a statement, adding that the settlement had been reached on the basis of the refinery's protocols certifying that it now operates in line with the law.
Lukoil Neftochim's fuel storage licence was suspended by the customs agency in July after it missed a deadline for the installation of the meters linking the refinery with the agency. An agreement was then reached with the government that kept the country's sole refinery on stream until the flow meters were installed.
The decision of the administrative court is final.