Balgarianovinite.com Preliminary information indicates that crude oil deliveries to the Lukoil Neftohim refinery in Burgas are guaranteed until the end of July, said Evgeni Simeonov on Monday, his first day as special commercial administrator for Lukoil’s businesses in Bulgaria. He added that he is awaiting an official report before making any definitive statement.
Simeonov, who was appointed to his new position on June 3, was officially presented to the media on Monday by Deputy Prime Minister and Economy, Investment and Industry Minister Alexander Poulev.
Simeonov stated that the main objective is to guarantee the uninterrupted operation of the Neftohim refinery and the smooth supply of fuels to the Bulgarian market. As his first and most important priority, he identified the preparation of a detailed analysis of the current state of the refinery and Lukoil’s other companies in Bulgaria, including their financial condition, raw material inventories and existing contracts.
“I hear that the refinery is in good condition, yet 2025 ended with a loss of around EUR 200 million. We need to determine why this is the case,” he said. The optimistic timeframe for completing the analysis is one month, while a subsequent independent financial audit will take considerably longer.
The new administrator stressed that strict compliance with the sanctions regimes imposed by the United States, the United Kingdom and the European Union is among his leading priorities. He announced that monitoring of production will be introduced, including refinery utilization rates, the grades of crude oil used and the blending process.
Regarding fuel prices, Simeonov pointed out that they depend on numerous external factors. “The crisis in the Persian Gulf is placing enormous pressure on prices not only in Bulgaria but across Europe,” he said, adding that the planned analysis will also clarify the prices at which the company has purchased crude oil. “Low fuel prices and expensively purchased crude oil are two incompatible things,” Simeonov stated.
Asked about possible job cuts, he replied that there will be none.
Asked about the share of fuel supplies originating from South America and the Persian Gulf, Simeonov said the answer will become clear after he receives and reviews the company’s analysis.
“My goal is to restore normality at the refinery and within the group’s companies. When I have the full picture, I will once again invite the media and provide the public with the necessary information,” Simeonov said. Crude Oil Deliveries to Neftohim Refinery Thought to Be Guaranteed Until End-July, Says New Administrator for Lukoil in Bulgaria 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-06-08 15:25:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law