Energy Minister Zhecho Stankov has confirmed that Bulgaria’s fuel supply remains fully secure despite the recent US sanctions imposed on Lukoil and its subsidiaries. He noted that the country’s key oil infrastructure—comprising the refinery, pipelines, and the Rosenets port—has been designated as strategic national and energy security assets under a government decree dating back to 2009.
Stankov emphasized that the Government’s top priority is to maintain uninterrupted access to fuel for both citizens and businesses. He explained that Bulgaria has adopted a comprehensive security plan ensuring steady supply and that national fuel reserves are sufficient for several months, covering needs well beyond the end of the year.
According to the minister, the sanctions coming into effect after 21 November primarily impact payment mechanisms rather than the physical flow of oil products. Bulgarian authorities have been in close contact with relevant US institutions to ensure that the measures achieve their intended purpose without harming domestic economic stability. While acknowledging minor market fluctuations, Stankov pointed out that such variations are normal in global oil trading and will not affect fuel price stability or ongoing consultations with the Oil and Gas Association. He reassured the public that there is no cause for concern, as Bulgaria’s fuel supply continuity remains fully guaranteed.
Regarding Lukoil’s declared intention to sell its Bulgarian assets, Stankov underlined that the Government’s primary goal is to preserve refinery operations and protect jobs. He warned that any interruption in activity could damage critical assets—an outcome the authorities are determined to avoid.
The refinery continues to operate under normal conditions, with the Government ensuring its stability until ownership is transferred. Since the sanctions apply to corporate assets, a sale will be possible once a qualified buyer is approved. Stankov confirmed that the Bulgarian state will play an active role in this process through its official investment screening mechanism and the State Agency for National Security, both responsible for monitoring and authorizing the transaction to safeguard the country’s strategic interests.
