Fuel prices in Bulgaria are expected to decline in the coming months as the market moves toward normalization, according to Deputy Prime Minister and Economy Minister Alexander Pulev and Evgeni Simeonov, the special commercial manager of the Burgas oil refinery.
Speaking at a briefing at the refinery, the two officials said the extension of the operating license for companies from the Lukoil group in Bulgaria had helped avert a serious energy crisis and prevent disruption in the country's fuel market.
Simeonov said crude oil supplied to Bulgaria is purchased from major global companies and rejected speculation that the refinery is being supplied by sanctioned entities. He said oil supplies have been secured through the end of September, while negotiations for October deliveries are already underway.
Pulev said that after the extended license expires on October 29, Bulgaria will begin discussions with its American partners about securing a new derogation.
“The idea is that from now on there will be no divergence, that different governments and we as teams will not have to enter into separate parallel negotiation processes, negotiate with Great Britain, and three months later enter into negotiations with the American government,” Pulev said.
