1、CAN BULGARIA SURVIVE WITHOUT RUSSIAN OIL?Working Paper,May 2022 By Boyko NitzovThe short answer is“YES”.The country can get supplies of crude oil and other feedstock from non-Russian sources for the Lukoils Neftochim Burgas refinery.The country can also get refined products if those are needed.And t
2、he country can probably do that at a cost that would not be much different from what it pays now for oil and for products.Here is why this is the case.Patterns of petroleum1 supplyOver 2015-2020,Bulgarias annual consumption of petroleum products was relatively stable,at around 4.5 million tons of oi
3、l equivalent per year(toe/y).The country only produced about 25,000 toe/y of crude oil and condensate,equivalent to less than 1%of consumption.The vast bulk of petroleum consumed in the country ultimately originates in imports,either as crude oil and other feedstock processed in the countrys refiner
4、ies and then sold as products on its markets,or as products imported from other countries.Data about imports and exports of crude oil and refined products over 2015-2020 is provided in Table 1.Table 1.Imports,exports and net apparent consumption of petroleum in BulgariaSource:Eurostat.Since the coun
