US EditionBulgaria has one month of gasoline supplies as US sanctions loom, state reserve agency says
Bulgaria holds 35 days of gasoline and over 50 days of diesel reserves as legal and security measures are implemented to protect fuel supplies amid US sanctions on Lukoil.
- With November 21 approaching, Bulgaria warned it has about 35 days of gasoline supplies as U.S. sanctions on Lukoil are set to begin soon, Assen Asenov said.
- The U.S. and Britain last month imposed sanctions on Lukoil and Rosneft over Moscow's war in Ukraine, prompting Bulgaria to secure fuel supplies.
- Assen Asenov noted that gasoline reserves are about 35 days, with some fuel stored abroad in Italy, the Netherlands, Hungary, Slovakia, Greece, and Romania, transportable within seven to 45 days.
- Last week, Bulgarian parliament adopted legal changes to allow a state takeover of the Burgas refinery and the government temporarily banned exports of some fuels, while this week authorities conducted inspections and tightened security at the refinery.
- Three companies are not complying with storage rules, missing roughly five days of reserves, while Lukoil supplies about 80% of private reserves, as stated by Assen Asenov.
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Bulgarian President Rumen Radev rejected Wednesday legislative changes that would allow the government of Sofia to take control of the Lukoil oil refinery in Burgas and sell it to protect the factory...
Bulgaria is facing a shortage of gasoline and diesel this winter. According to local authorities, current supplies last for 35 days of gasoline and 50 days of diesel. The country is seeking an exemption from US sanctions on Russian oil company Lukoil.
Bulgaria's Fuel Crisis: State Assures There Is Gasoline for 35 Days, Diesel for 50+, Contingency Plans in Place - Novinite.com - Sofia News Agency
Bulgaria currently has gasoline reserves sufficient for around 35 days and diesel for over 50 days, according to Assen Assenov, chairman of the State Agency “State Reserve and Wartime Stocks,” speaking in the morning block of bTV. Assenov noted that the country’s mandatory 90-day reserves are about 98% filled, with roughly half of these quantities physically located within Bulgaria at the agency’s bases and in various warehouses.
Bulgaria has one month of gasoline supplies as US sanctions loom, state reserve agency says
Bulgaria has one month of gasoline supplies left as it braces for the start of U.S. sanctions on Russia's Lukoil, which owns the country's largest oil refinery and most storage and pipeline infrastructure, the chairman of the state reserves agency said on Tuesday.
Under pressure from the new US sanctions against the Russian groups Lukoil and Rosneft, Sofia could nationalise the Lukoil Neftochim refinery in Bourgas, the largest in the country. Parliament has already adopted a series of exceptional measures to take control of it. The thread of the Info / One - Slideshow, Balkans Courier, Bulgaria, Energy Balkans, Economy
Gasoline reserves in Bulgaria are only enough for one month, as US sanctions against Russia's Lukoil, which owns the largest refinery, are expected to come into effect...More...
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