“LUKOIL announces that Litasco SA, a 100% subsidiary of the LUKOIL Group, and GOI Energy Limited have reached an agreement to sell Isab SrL,” the company said in a statement.

It is noted that the deal is planned to be completed by the end of March 2023.

Earlier, Vadim Vorobyov, Chief Executive Officer of LUKOIL, said that the company's plant in Bulgaria supplies oil products to the domestic market of the country and within the framework of export quotas.