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Customs Agency head Vanyo Tanov has also called for steps on behalf of the National Revenue Agency. Photo by BGNES
Customs agency head Vanyo Tanov has said authorities are now inspecting Lukoil Neftochim over accusations of price rigging hurled in a report.
Last week the Risk Management Lab, a think-tank headed by former Prime Minister (1997-2001) claimed that for 8 years Lukoil Bulgaria had been manipulating prices of the Urals crude imported for its Bulgaria-based facility in Burgas.
The company disputed this, threatening it would take Kostov to court. The latter for his part demanded that his think-tank be granted access to crude import contracts sealed by Lukoil, adding his calculations were based on data submitted to the Customs Agency.
Tanov on Monday told private national NOVA TV station an inspection had to be carried out by the National Revenue Agency (NAP) as well.
In his words, an audit will also be needed to confirm or refute suggestions by Kostov. "Only [by using] data from one of the institutions a precise conclusion cannot be made," Tanov said.
Global oil markets have reacted sharply to the escalation of military strikes against Iran. According to Agence France-Presse, the price of Brent crude has jumped by roughly 42% since the start of U.S. and Israeli attacks on the country.
The United States has temporarily eased restrictions on the purchase of certain Russian oil shipments currently stranded at sea, as global energy markets face growing strain due to the ongoing war involving Iran.
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
Global energy markets are once again under intense pressure as the conflict involving the United States, Israel and Iran continues to escalate
The International Energy Agency (IEA) announced on Wednesday that its member states will release a total of 400 million barrels of oil from their strategic reserves in an effort to stabilize global energy markets shaken by the ongoing war in the Middle Ea
Iran has warned that global oil prices could surge dramatically as tensions in the Middle East continue to escalate. Ebrahim Zolfaghari, spokesman for Iran’s Joint Chiefs of Staff, said the international community should prepare for the possibility of cru
Fuel prices at wholesale bases, which supply both gas stations and agricultural producers, continue to rise steadily, prompting increased activity at fuel outlets across Bulgaria
OMV Petrom has announced that it will join the consortium exploring the offshore Khan Tervel gas block in the Bulgarian sector of the Black Sea, marking a significant expansion of its footprint in a region of growing strategic importance for Europe’s ener
Fuel prices in Bulgaria have continued to rise sharply over the past week, according to data from the Fuelo platform, as reported by BTA.
In Bulgaria, energy experts are calling for greater transparency in fuel pricing, focusing on the role of Lukoil Neftochim, which dominates the country’s oil market
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
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