Ukraine Marks Anniversary of Russia’s Sham Crimea Referendum
On March 16, 2026, Ukraine marked twelve years since Russia staged a sham referendum in Crimea, a move widely condemned as illegal by the international community.
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The National Assembly banned the export of crude oil and oil products subject to derogation, transported by sea, originating in Russia or exported from Russia.
Before that, the National Assembly decided to create the figure of a "special commercial manager" to act on behalf of the government in objects of critical infrastructure related to national security in the energy sector.
The change in the law provoked scandals in the plenary hall. Vazrazhdane defined the bill as an attempt to nationalize Lukoil. GERB, "Democratic Bulgaria" and "We Continue the Change" explained that in this way, if a private company refuses to work, the state has the opportunity to intervene and guarantee energy supplies.
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Rumen Spetsov, the special manager of Lukoil in Bulgaria, has assured that fuel supplies in the country are secure and that there is no reason to expect shortages in the foreseeable future.
A significant share of Bulgaria’s energy supplies does not pass through the Strait of Hormuz but instead reaches the country via the Black Sea, placing it in a comparatively stable position despite tensions in the Middle East
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
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