Bulgaria Faces Energy Crisis
United States and United Kingdom imposed sanctions on Lukoil and Rosneft over Moscow's war in Ukraine.
Bulgaria's reserves are about 35 days of gasoline and over 50 days of diesel, half stored abroad in Italy and Romania.
Bulgaria's parliament adopted legal changes to take over and sell the Burgas refinery.
Government temporarily banned exports of diesel and aviation fuel and tightened security.
Three companies, including Insa Oil, are not fully complying, missing about 5 days of reserves.
Martin Vladimirov said 50% of ready fuels are in other EU countries, requiring government to activate contracts ASAP.
4 days ago