Lukoil Bulgaria Boasts Largest Revenues in 2009

Lukoil Bulgaria trades in the output of Neftochim Burgas, which is the only operational refinery in Bulgaria. Photo by BGNES

The Bulgarian refinery of Russian oil company Lukoil leads the list of the top 1500 companies in the country by yearly revenues.

Lukoil Bulgaria, which trades in the refinery output, tops the listing, prepared by the Bulgarian Chamber of Commerce and Industry, with BGN 3,18 B in revenues for 2009.

It is followed by state power utility NEK and Aurubis Bulgaria, the Bulgarian subsidiary of Europe's largest copper smelter Aurubis, whose revenues totaled BGN 2,75 B and BGN 2,38 B respectively last year.

The revenues of six Bulgarian companies exceeded BGN 1 B.

Earlier this month the Bulgarian refinery of Russian oil company Lukoil came in 47th on the list of 500 largest companies from Central Europe compiled by auditing firm Deloitte.

Lukoil Neftochim Burgas leapfrogged Lukoil Bulgaria, which trades in the refinery output, state power utility NEK and Aurubis Bulgaria, the Bulgarian subsidiary of Europe's largest copper smelter Aurubis, which ranked 77, 85 and 139 respectively.

There are altogether 14 Bulgarian firms on the Deloitte CEE Top 500 list, including leading Bulgarian operator MobilTel, Czech power utility CEZ, which supplies power to over 2 million households and companies in western Bulgaria, the Bulgarian subsidiary of Austrian oil and gas group OMV and the retail chain Metro.

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