Lukoil Bulgaria signs 8.4 mln Euro fuel supply deal with state reserve agency

Sofia, April 19 - Neftegaz.RU. Bulgaria's State Reserve and War-Time Stocks agency said that it has signed a diesel fuel supply deal with Lukoil Bulgaria, worth 16.4 million levs* ($9.4 million/8.4 million euro), VAT excluded.

The price of the deal is 2 times higher than the initial estimated value of the contract - 8.2 million levs, data from a notice, published by the state reserve agency on April 17, shows.

The contract, which was signed on April 11, envisages supply of 12,113 t. of diesel fuel. Lukoil Bulgaria submitted the only bid in the public procurement procedure for awarding the contract.

Lukoil Bulgaria is a subsidiary of Lukoil European Holdings, the European arm of Russia's Lukoil.

*(1 Euro = 1.95583 levs)