Bulgaria’s Fuel Reserves Secure for Months, Energy Minister Assures
Energy Minister Zhecho Stankov
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months. Gasoline stocks are estimated to last at least six months, diesel supplies for nearly four months, and aviation fuel for about two months. Stankov emphasized that, even if fuel deliveries were to stop immediately, the reserves would prevent any shortages or price spikes.
The minister clarified that propane-butane is not a concern, as it continues to be imported without issue by multiple market participants. Stankov explained that the government regularly runs scenarios with experts to ensure fuel supplies remain uninterrupted. Entry points exist for additional imports if necessary, and fuels can be supplemented from state-maintained reserves held by obligated entities.
Stankov also addressed the role of a special manager at Lukoil, a position introduced to secure fuel operations in case of a ban on Russian crude or uncooperative company management. The current manager cannot restrict payments to the parent company or intervene in sanctioned companies’ operations; the new manager will have authority to guarantee continuity of supply. This function is critical during negotiations with U.S. and European authorities, including OFAC, the European Commission, and the White House, to maintain fuel deliveries.
In response to President Rumen Radev’s remarks criticizing delays in appointing the special manager, Stankov stated that any actions should prioritize national energy security and be guided by constitutional and professional considerations. He cautioned against creating unnecessary public alarm, stressing that fuel supplies for Bulgarians remain secure until all agreements are finalized.
Bulgaria Seals Major Deal for Kozloduy NPP’s New Nuclear Units
A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium
Bulgargaz Secures Winter Gas Supplies as December Prices Fall by 4.3%
The Energy and Water Regulatory Commission has set the price of natural gas for December at 63.01 BGN per MWh, equivalent to 32.22 EUR per MWh
Swiss Investor Backs Long-Awaited Breznitsa Hydropower Project in Bulgaria's Gotse Delchev
The Municipality of Gotse Delchev has approved one of the largest infrastructure projects in the region, granting unanimous consent to a cooperation agreement with the Swiss company
Botas Suffers Record 1 Billion Loss as Turkey’s Energy Subsidies Backfire
Turkey’s state-run energy company Botas reported a record loss of USD 1 billion (around 1.85 billion BGN) in 2024
Bulgaria’s Fuel Prices Stay Steady: Analyst Rules Out New Hikes Despite Lukoil Saga
Dimitar Georgiev, a Bulgarian financier and international markets analyst, stated that he does not anticipate any further increase in fuel prices in the country
'The Bomb was Postponed by 6 Months:' Lukoil’s Current Situation in Bulgaria
Vladislav Panev, from the “Acceleration” Club and a former MP with the “Green Movement,” described the appointment of Rumen Spetsov as a special manager of Lukoil Bulgaria as surprising







