Arab Today, arab today bulgaria taps state reserves after refinery shutdown
Last Updated : GMT 08:34:53
Arab Today, arab today
Arab Today, arab today

Bulgaria taps state reserves after refinery shutdown

Arab Today, arab today

Arab Today, arab today Bulgaria taps state reserves after refinery shutdown

Sofia - AFP

Bulgaria said Saturday it had unblocked 1,800 tonnes of jet fuel from its state reserves to prevent a shortage at its airports, after its sole refinery halted production over a licencing row. \"We unblocked overnight enough jet fuel from the state reserves to last all airports the whole of next week,\" Economy and Energy Minister Traicho Traikov told national radio. Bulgaria\'s major airports -- in the capital Sofia and the Black Sea cities of Varna and Burgas -- raised alarm that their stocks of jet fuel would run out next week, in the midst of the busiest summer holiday season, after the country\'s sole refinery halted production on Friday. The Russia-owned Lukoil Neftochim refinery in Burgas was forced to shut after the customs agency stripped it of two key licences, effectively blocking its operations. The move was prompted by Neftochim\'s failure to install additional fuel meters and other equipment to link its production and storage warehouses to the Bulgarian revenue agency, enabling it to control the amounts of crude and fuel entering and exiting the refinery. The refinery, which has a capacity of 142,000 barrels per day, is Bulgaria\'s sole supplier of jet fuel. It also has a 70-percent share in the country\'s wholesale fuel market and a 25-percent share in the retail market through its chain of 200 petrol stations. Finance Minister Simeon Djankov defended the customs agency\'s move on Friday, saying that it \"only applied the law.\" \"Out of 85 company warehouses that had to be linked to the revenue agency, 76 did so by the end-June deadline and the rest, including those of Lukoil Neftochim, were shut.\" Bulgaria has state reserves of jet fuel to last up to 68 days and enough car fuel for 80 days, Djankov added. Fuel can also be easily imported from refineries in neighbouring countries, he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bulgaria taps state reserves after refinery shutdown Arab Today, arab today bulgaria taps state reserves after refinery shutdown

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday