Commodity Market Report
Bulgaria downstream oil long-term outlook
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Bulgaria's positive economic outlook continues to drive demand growth for transportation fuels. Oil product supply from the country’s sole refinery – LUKOIL’s upgraded Neftochim Burgas facility – exceeds domestic demand. This dominant position sustains the company's price-setting influence for the wholesale fuel market. However, high fuel prices relative to neighbouring countries have led to anti-competitive investigations, and tension between consumers, government and operators. The proposed Fuels Act amendment will require a high level of registered capital provided to the government, plus substantial investment in storage from wholesale and retail companies to be compliant. We expect many small and independent players will struggle to obtain the capital required for this investment, potentially leading to further consolidation in an already concentrated market.
Table of contents
- Market drivers
-
Outlook
- Car parc
- Gasoline
- Diesel/gas oil
- Jet/kerosene
- Fuel oil
-
Regulatory issues
- Biofuels
- Electromobility
-
Product quality
- Overall position - net exporter
-
Fuels retailing
- Volumes
- Overall network development
- International Oil Companies
- LUKOIL
- Shell
- OMV
- EKO (Hellenic)
- Rompetrol
- 7 more item(s)...
-
Commercial Fuels
- Motor fuels (gasoline and diesel)
- Industrial/domestic gas oil
- Aviation Kerosene
- Heavy fuel oil
- LPG
- Lubricants
- Bitumen
- Key issues influencing gross fuel margins
- Distribution of oil products
-
Oil product storage infrastructure
- Crude oil delivery
- Country crude slate overview
Tables and charts
This report includes the following images and tables:
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Key demand indicatorsOverall demandDemand by product
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Trade balanceGasoline retail price formation (2020 average)Diesel retail price formation (average 2020)Main products: annual average unit gross marginsStorage and distribution infrastructureIndependent storage facilitiesCar parc by fuel typeDemand forecastKey trading countries/regions
- 12 more item(s)...
What's included
This report contains:
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