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Bulgaria, United States
Race for Lukoil refinery: vegan beverage billionaire joins the competitors

American businessman Michael Karsch.
American businessman Michael Karsch. © Reuters
Due to US and EU sanctions on Russian oil, Lukoil is having to sell a major refinery in Bulgaria, which is attracting foreign state-sponsored companies and businessmen hoping for a good deal. The latter includes Michael Karsch, who is close to former Bulgarian PM Kiril Petkov. [...]
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International Dealmaking

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