Bulgarian Ministry of Finance suggests forming of state oil company, SEE Energy News
The Association of Bulgarian fuel traders, producers and importers said in a statement that it supports the establishment of such state-owned company, as it believes that it will support competition in the market. Bulgarian Ministry of Finance proposed the establishment of a “state oil company” which will perform all the functions of the state reserve for storage of oil and oil products and their renewal.
As an additional activity, the newly established company will build new petrol station throughout the country, which should improve competition in the market and ensure the lowest possible fuel prices. These stations will also provide services of refueling electric cars. It is also envisaged that the state-owned company will have storage capacities in which it will store fuels for other companies as well.
- October 24, 2021 Separate pipeline system carrying Russian gas to Southeast Europe has been quietly opened over the last few years
- October 22, 2021 Bulgarian companies will receive compensation of €55/MWh due to the high cost of electricity
- October 22, 2021 Slovenia, Petrol announced last week that it will increase the price of electricity as of 1 December