Bulgarian Energy Holding Ousts Bulgartransgaz CEO

Business » ENERGY | June 23, 2011, Thursday // 13:55
Bulgaria: Bulgarian Energy Holding Ousts Bulgartransgaz CEO The dismissal of Bulgartransgaz CEO Ivan Drenovichki by the Bulgarian Energy Holding has gone unaccounted-for. Photo by BGNES

Ivan Drenovichki, executive director of Bulgartransgaz, was removed from the position one year and a half after taking office, the Bulgarian Energy Holding (BEH) said in a statement.

State-owned Bulgartransgaz is a natural gas transmission and storage system operator and a subsidiary of BEH. The company is part of the

The gas company said they would present their official motives for the dismissal later, while Drenovichki himself could not be reached for comment.

In September 2009, when Drenovichki was appointed executive director of the gas firm, Angel Semerdzhiev was removed from the Board of Directors to become Chairman of the State Commission for Energy and Water Regulation (DKEVR).

Drenovichki has graduated from the American University in Bulgaria (AUBG) and has been economic advisor at the US Bulgarian Embassy.

Approached for comment, the press office of the Ministry of Economy, Energy and Tourism said they had no details about Drenovichki's departure.

Traicho Traikov, Minister of Economy, Energy and Tourism, is currently out of the country.

Bulgartransgaz is part of a gas grid interconnection project with Romania, which, according to Minister Traikov, is to be completed by mid-2012.

The gas transmission operator was involved in an argument with private natural gas supplier Overgas after denying the Bulgarian-Russian firm access to its pipeline grid.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: Bulgartransgaz, Ivan Drenovichki, Bulgarian Energy Holding, BEH, Angel Semerdzhiev, DKEVR, State Commission for Energy and Water Regulation, Overgas, Traicho Traikov, Ministry of Economy, Energy and Tourism

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria