Business » Energy

Bulgaria to Award Deepwater Drilling Permit for 2nd Block on Black Sea Shelf

Bulgaria is about to auction off a second stretch of its Black Sea shelf for deepwater oil and gas drilling.

Business » Energy | November 2, 2011, Wednesday // 18:43 | Viewed: 4489

Russian Lukoil Considers Buying Wind Turbine Park in Bulgaria

Lukoil plans to acquire a 20 MW wind turbine park in Bulgarian a deal worth EUR 50 M, according to reports of Russian media.

Business » Energy | November 2, 2011, Wednesday // 16:51 | Viewed: 2063

Bulgarian Renewable Energy Systems Built with EU Funding to Sell Power at Preferential Rates

Renewable energy systems built with funding from the European Union will sell energy at preferential prices, according to proposed amendments to the Ordinance on Regulation of Electricity Prices.

Business » Energy | November 1, 2011, Tuesday // 12:13 | Viewed: 2551

Will Bulgaria's New President Kill Russia's Energy Projects?

Key Russian papers have been busy speculating about the degree of aversion on the part of Bulgarian president-elect Rosen Plevneliev to joint Russian-Bulgarian energy projects.

Business » Energy | November 1, 2011, Tuesday // 12:00 | Viewed: 1984

Bulgarian Govt Stalls BA Pipeline Decision by 1 More Week

Bulgaria's Environment Ministry has postponed by one addition week its final decision on the fate of the troubled Burgas-Alexandroupolis oil pipeline project.

Business » Energy | October 31, 2011, Monday // 16:15 | Viewed: 1808

Bulgaria Unaware of Russia's Plans for Costlier Penalty over Belene

Bulgaria has not been officially notified of Russia's plans to more than double its EUR 58 M claim against Bulgarian state utility NEK, which it filed at an arbitration court in Paris in July.

Business » Energy | October 27, 2011, Thursday // 13:28 | Viewed: 2558

Russia Threatens to Double Claim against Bulgaria over Belene

Russia's nuclear company has warned it may double its EUR 58 M claim against Bulgarian state utility NEK, which it filed in July over delayed payments on Belene nuclear project.

Business » Energy | October 27, 2011, Thursday // 11:31 | Viewed: 1626

Iran Labels Nabucco Gas Pipeline as 'Dead Project'

Iran has termed the Nabucco pipeline project a "dead plan", offering to supply gas to Europe via Turkmenistan.

Business » Energy | October 25, 2011, Tuesday // 15:20 | Viewed: 2403

Bulgarian Energy Watchdog Opens Free Market to Small Business

Amendments are pending in the Bulgarian Electric Power Act to allow the small and medium business to enter the free electricity market.

Business » Energy | October 25, 2011, Tuesday // 13:51 | Viewed: 1459

Bulgaria Angles for Russian Funding of Nuclear Project

British bank HSBC, consultant of Belene nuclear project, has started working on an assignment for attracting financing by Russia's Rosatom, Bulgaria's energy holding announced.

Business » Energy | October 25, 2011, Tuesday // 10:52 | Viewed: 1717

Bulgaria Calls Upon EU to Set Up 'Energy Schengen Agreement'

Bulgaria's Economy Minister Traicho Traikov has made a call for the forming of an "Energy Schengen Area", i.

Business » Energy | October 24, 2011, Monday // 17:54 | Viewed: 2484

Bulgarian Energy Watchdog Probes 2 EPPs over Outages

Bulgaria's State Commission for Energy and Water Regulation, DKEVR, has ordered emergency probes at two of the country's three Electric Power Utilities, EPP.

Business » Energy | October 22, 2011, Saturday // 14:57 | Viewed: 1581

Bulgaria To Award Oil, Gas Exploration Rights in Black Sea Exclusive Economic Zone

The government has approved the launch of procedures for issuing an oil and gas prospecting and exploration permit at the Khan Asparuh 1-21 Block located in Bulgaria's Black Sea exclusive economic zone.

Business » Energy | October 19, 2011, Wednesday // 13:49 | Viewed: 1944

Bulgarian Energy Minister Opposes Methane Price Hike

Introducing an excise duty on methane and natural gas in Bulgaria must be delayed as long as possible, and never be drastic, according to the country's Economy and Energy Minister, Traicho Traikov.

Business » Energy | October 18, 2011, Tuesday // 17:27 | Viewed: 1293

Bulgarian PM Makes Final Call on Sacking Methane Hike

There will be definitely no excise duty on methane in Bulgaria over the fact it would lead to a price hike of many other services which the country cannot afford in times of economic crisis.

Business » Energy | October 17, 2011, Monday // 14:39 | Viewed: 1123

Bulgaria's Finance Ministry to Scrap Methane Excise Hike

Bulgaria's Finance Ministry is mulling giving up on plans to introduce excise on methane from January 1, 2011, which is expected to up heating prices as well.

Business » Energy | October 17, 2011, Monday // 09:03 | Viewed: 1079

Bulgaria to Launch 2nd Refinery in Pleven

The refinery Plama in Bulgaria's northern city of Pleven is going to reopen in December 2011.

Business » Energy | October 17, 2011, Monday // 08:12 | Viewed: 2800

Sofia Heating Utility Ready to Enter Winter Mode

The heating utility in Bulgaria's capital Sofia announced it is ready to start providing heat to customers as of next Monday, but would rather not because of the expected warm spell.

Business » Energy | October 15, 2011, Saturday // 16:56 | Viewed: 1616

Bulgaria's Nuclear Plant Kozloduy Holds Open Doors Day

The Bulgarian Nuclear Power Plant (NPP) in the Danube town of Kozloduy is holding Saturday an open doors day, the NPP informs.

Business » Energy | October 15, 2011, Saturday // 10:08 | Viewed: 1176

Key Nabucco Shareholder Hints at Further Delay

The launch of the EU-backed gas pipeline project Nabucco may be postponed by another year to 2018.

Business » Energy | October 12, 2011, Wednesday // 17:13 | Viewed: 1593

Bulgaria's Finance Ministry Suggests Scrapping Excise Exemption for Methane

Amendments to Bulgaria's Excise Duties and Tax Warehouses Act proposed by the Finance Ministry provide for an increase in excise duty rates for a number of fuels and the introduction of excise duty rates for methane and natural gas for heating purposes.

Business » Energy | October 11, 2011, Tuesday // 16:12 | Viewed: 1550