Russias Gazprom Neft plans the entry to the Bulgarian petrol retail market

According to unofficial information, Bulgaria’s Petrol, which is selling 200 filling stations, expects to receive around USD 200-300 million, while Gazprom Neft is ready to pay no more than USD 100 million.

On the other hand, sources expect the deal to be finalized by the end of the year. Petrol could not be reached to confirm the rumors, while Gazprom Neft refused to comment on the issue.

In April Gazprom Neft Vice President Anatoly Cherner declared company’s interest in the acquisition of filling station chains in Europe if they are logistically connected to the NIS refinery, controlled by the Russian company and based in Serbia, where the concern operates 475 filling stations.