"Lukoil Neftohim Burgas" has been steadily increasing fuel processing since the beginning of June, following low levels at the start of the year. This was stated by the company's special commercial manager, Evgeniy Simeonov, during a meeting of the Parliamentary Committee on Economic Policy, Investments and Industry.
According to data provided by management, the company recorded its highest profit in 5-6 years in July. Simeonov assured that as long as the Burgas refinery is operational, there is no risk of fuel shortages for Bulgaria.
Upon taking office in early June, the manager conducted an analysis of the administration and human resources, identifying deficits that are currently being addressed. An audit of the refinery's technical condition was also conducted, with results indicating that no shutdown for repairs is required until 2028. Simeonov noted that he had inherited a "difficult scenario," but the challenges have now been overcome.
The company has managed to negotiate oil deliveries with deferred payments, which has secured the necessary funds for settlement. "The refinery buys the most economically advantageous oil, and exports are at the highest possible price," Simeonov emphasized. Regarding fuel prices, he clarified that high levels are due to a shortage of finished refined products and external factors.
A committee has been formed within the company to vet all contractors, ensuring that sanctioned individuals cannot be customers or partners. Regarding the derogation, Simeonov warned lawmakers to be cautious: "If we do not have a derogation, about 5,000 people will be left without jobs. Over 120 gas stations will be closed, the entire logistics network will cease to function, and the result for the country will be catastrophic."
In conclusion, the special commercial manager described the state of "Lukoil Bulgaria" as good in terms of finances, technical infrastructure, and human resources.