Business » Energy

Sofia Heating Utility Fined BGN 125 000 for Abuse of Dominant Position

Bulgaria’s Supreme Administrative Court (VAS) has allowed the Commission for Protection of Competition (KZK) to impose a penalty of BGN 125 000 on heating utility Toplofikatsiya Sofia for abuse of dominant position.

Business » Energy | May 19, 2015, Tuesday // 12:15 | Viewed: 1177

Bulgaria Slaps BGN 1.25 M Fine on CEZ Unit

Bulgaria’s anti-trust regulator said in Monday it imposed a fine of BGN 1.

Business » Energy | May 18, 2015, Monday // 18:57 | Viewed: 3519

Bulgaria’s PM: Qatar Interested in Investing in Kozloduy NPP New Unit

Qatar is interested in investment in unit 7 of Bulgaria’s Kozloduy power plant, according to a media statement of the government’s press office.

Business » Energy | May 18, 2015, Monday // 17:30 | Viewed: 4096

Lukoil President Arrives in Bulgaria to Open Heavy Oil Residue Conversion Plant

Lukoil President Vagit Alekperov arrives Tuesday in Bulgaria for the opening of a heavy oil residue hydrocracking plant at the Lukoil Neftochim Burgas refinery.

Business » Energy | May 18, 2015, Monday // 11:50 | Viewed: 3963

Fire Breaks Out at Lukoil Neftochim Burgas Refinery

A fire broke out on the territory of the Burgas-based Lukoil Neftochim refinery on Friday.

Business » Energy | May 15, 2015, Friday // 18:41 | Viewed: 2857

Bulgaria President Invites SKorea Companies for Oil, Gas Exploration

Bulgarian President Rosen Plevneliev has invited Korean companies to look for oil and gas exploration in the Black Sea.

Business » Energy | May 14, 2015, Thursday // 16:29 | Viewed: 1703

Bulgaria Keeps Spending Money on Burgas-Alexandroupolis Project Company

Bulgaria’s Finance Ministry will allocate BGN 100 000 from its own budget to a capital hike of the project company created for the implementation of the suspended Burgas-Alexandroupolis oil pipeline project.

Business » Energy | May 14, 2015, Thursday // 07:48 | Viewed: 3217

Bulgaria-Serbia Gas Grid Interconnector Will Boost Energy Security –Deputy Minister

The construction of the Bulgaria-Serbia gas grid interconnector will boost the energy security of both countries and of the region as a whole, according to Bulgaria’s Deputy Energy Minister Nikolay Nikolov.

Business » Energy | May 13, 2015, Wednesday // 12:09 | Viewed: 1793

Turkish Stream Will Be Costlier than South Stream – Bulgaria’s Energy Minister

Bulgarian Energy Minister Temenuzhka Petkova has insisted that the Turkish Stream gas pipeline project will be costlier than the South Stream project.

Business » Energy | May 11, 2015, Monday // 11:04 | Viewed: 2884

Pre-Tax Profit of Bulgarian Energy Holding Down 36.6% in 2014

The pre-tax profit of the Bulgarian Energy Holding (BEH) plummeted by 36.6% on an annual basis in 2014, according to a financial report of the company.

Business » Energy | May 9, 2015, Saturday // 12:15 | Viewed: 1260

Anadarko to Compete with Exxon Mobil Over Bulgarian Gas, Oil Expolration

One more company has expressed an interested in the gas and oil exploration opportunity now opening along the Bulgarian Black Sea coast.

Business » Energy | May 6, 2015, Wednesday // 17:05 | Viewed: 4879

European Commission Urges Southeastern Europe to Build More LNG Terminals

The European Commission has recommended that Southeastern European countries strive to build LNG terminals to avoid gas supply disruptions and to boost energy security.

Business » Energy | May 5, 2015, Tuesday // 12:43 | Viewed: 1997

Exxon Mobil Shows Interest in Black Sea Oil Exploration Opportunity

Exploration Manager Europe and Caspian at ExxonMobil, Stacey Weltmer has stated that the company is very much interested in winning a tender for oil and shale gas exploration mission in Bulgaria.

Business » Energy | May 5, 2015, Tuesday // 11:26 | Viewed: 2578

Bulgaria’s Kozloduy NPP Reports Profit of BGN 63.3 M for Q1, 2015

Bulgaria’s Kozloduy nuclear power plant has reported a profit of BGN 63.3 M for the first quarter of 2015, according to an analysis of the company’s activity and financial condition in the first three months of the year.

Business » Energy | May 5, 2015, Tuesday // 10:30 | Viewed: 1237

Bulgartransgaz to Open Bids for Interconnector Turkey –Bulgaria on May 8

Bids for the public procurement procedure for the feasibility study for the Interconnector Turkey –Bulgaria (ITB) will be opened on May 8, according to the Public Procurement Agency.

Business » Energy | May 4, 2015, Monday // 14:46 | Viewed: 1984

Requests for Increasing Electricity, Heating Prices Are Unfounded – Bulgaria’s Deputy PM

There is no reason for an increase in electricity prices or heating rates, according to Bulgaria’s Deputy Prime Minister Tomislav Donchev.

Business » Energy | May 4, 2015, Monday // 11:41 | Viewed: 1433

Bulgaria to Advertise Black Sea Gas Deposits in US

Delyan Dobrev, head of the parliamentary energy committee, will present Monday in Houston opportunities for oil and gas drilling in Bulgaria’s Black Sea exploration blocks to leading US and international companies.

Business » Energy | May 4, 2015, Monday // 09:40 | Viewed: 1820

Bulgaria Energy Utilities Seek Sharp Price Hikes from July

Bulgarian power distributors and heating utilities are seeking double-digit hikes in prices for end consumers from July, Nova TV reported on Thursday.

Business » Energy | April 30, 2015, Thursday // 22:08 | Viewed: 1968

Iran Tabled Rebirth of Nabucco at Meeting with Bulgaria PM, Ambassador Says

Iran put forward a revival of Nabucco project during recent talks with Bulgaria's Prime Minister and other officials, the country's Ambassador to Sofia has said.

Business » Energy | April 30, 2015, Thursday // 17:16 | Viewed: 6056

'Bulgaria's Lavish Red-Carpet Welcome to Iran's Gas'

A closed-door meeting was held between Bulgarian Prime Minister Boyko Borisov and Iran's Ambassador Abdollah Norouzi in the Bulgarian capital Sofia, an Iranian news outlet has claimed.

Business » Energy | April 27, 2015, Monday // 10:02 | Viewed: 2097

Bulgaria Has Received No Notice of Termination for South Stream Yet - Minister

Bulgaria has received no notice of termination for the South Stream gas pipeline project so far, according to Energy Minister Temenuzhka Petkova.

Business » Energy | April 25, 2015, Saturday // 14:05 | Viewed: 2079