Balgarianovinite.com Oil supplies for Lukoil Neftochim Burgas have been secured through the end of September, while negotiations are currently underway for deliveries in October, Evgeni Simeonov, the special commercial administrator of Lukoil’s group of companies in Bulgaria, said at a press conference in Burgas on Thursday. The briefing was also attended by Deputy Prime Minister and Minister of Economy, Investments and Industry Alexander Poulev and his deputy, Mihaela Karadimova.
The briefing followed Wednesday’s announcement that the United Kingdom had extended until October 29, 2026, the general licence covering Lukoil’s four companies in Bulgaria, at the request of the Bulgarian side.
“There is oil and there will be oil, there are fuels and there will be fuels,” Simeonov said, assuring that all crude oil supplies were being purchased from global oil majors. He added that Lukoil does not buy and would not buy oil from sanctioned companies, stressing that this had never happened and that the company purchases oil exclusively from major global producers.
According to Simeonov, refinery throughput has increased significantly over the past two months. It stood at around 450,000 tonnes at the beginning of the year, rose to 527,000 tonnes in June and reached 560,000 tonnes of processed crude in July. He said the refinery’s liquidity had improved and that risks of cash-flow shortages had been overcome.
Simeonov described July as Lukoil Neftochim Burgas’s strongest month of 2026, saying the company had significantly exceeded its targets. He also highlighted the performance of Lukoil Bulgaria, which he said had recorded its best monthly result in the past five to six years of operations in the country, exceeding its target by more than 30%.
Simeonov also commented on fuel prices in Bulgaria, saying they were affected by international factors that were driving prices across Europe. He said that the geopolitical situation had disrupted the operations of many refineries in the Middle East and the Persian Gulf, resulting in shortages of liquid fuels in Europe and worldwide. The special commercial administrator said fuel prices were determined on the basis of the Platts price plus a premium, while also taking into account production costs, which had risen significantly in recent months. He said the margin at which Lukoil’s companies were currently operating was minimal.
“We have managed to maintain acceptable fuel prices in Bulgaria, which we expect to decline in the coming months,” Simeonov said. He added that no sharp increase in fuel prices was expected in Bulgaria and that such a scenario had been avoided.
Simeonov cited neighbouring Romania and Greece as examples, saying diesel prices there had long exceeded EUR 2 per litre.
He said he expected the situation with fuel prices to improve in September and the fuel markets to return to normal. Lukoil Neftochim Burgas Secures Oil Supplies through September, Negotiations Underway for October 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-08-13 11:31:34 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