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The Russian Ambassador to Bulgaria, Yurii Isakov (l), and Sergey Andronov, tour the Lukoil refinery in Bulgaria's Burgas where the company plans to invest an additional BGN 1 B. Photo by BGNES
“Lukoil-Neftohim” will launch in May two new installations for diesel fuel in Burgas, the Chair of the Managing Board of the refinery in the Black Sea city, Sergey Andronov informs.
Andronov further said Friday that the opening ceremony will attract prominent guests and firmly denied rumors the refinery will be relocated to Romania or any other Eastern European country.
In addition, the Chair announced that no one from the 2 200 workers will be laid off and the company is planning to invest BGN 1 B in a new plant and technology at the Burgas refinery. The plant will produce fuel with very low sulfur content and will provide 300 new jobs.
In addition to the 2 200 employees at the Lukoil site, another 6 000 from outside companies are carrying out renovation works and other services, Andronov says.
The United States has extended the deadline for potential buyers to negotiate the purchase of Lukoil’s international assets, granting a new authorization that pushes the timeframe to 1 May
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
Russian oil company Lukoil has formally accused Bulgaria of unlawfully seizing its assets in the country, signaling its intention to pursue legal action.
Lukoil’s Burgas refinery has reported significant cost savings following the removal of its Switzerland-based intermediary, Litasco
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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