Business » Energy

Lukoil Bulgaria CEO Announces Closure of Oil Refinery

The Lukoil refinery, the only one in Bulgaria, is in emergency operational mode in preparations to stop work, according to Lukoil Bulgaria's CEO, Valentin Zlatev.

Business » Energy | July 27, 2011, Wednesday // 12:37 | Viewed: 2193

Lukoil Ordered to Stop Operations in Bulgaria

А decision has been issued by the State Customs Agency terminating the license of Nefothim Burgas to operate the so-called excise storage facilities.

Business » Energy | July 27, 2011, Wednesday // 09:00 | Viewed: 2097

Bulgaria Govt Steers Clear of Russia's Lawsuit over Belene

Bulgaria's government will not meddle with attempts to settle the troubled ties between the state utility NEK and Russia's state nuclear company, the economy minister has said.

Business » Energy | July 26, 2011, Tuesday // 18:17 | Viewed: 1409

Russian Media: Threat of Paying EUR 1 B Still Here for Sofia

Bulgaria faces the realistic prospect of being obliged to pay EUR 1 B in damages after the delayed nuclear plant project Belene ended up in Paris-based ICC International Court of Arbitration, Russian media comments.

Business » Energy | July 25, 2011, Monday // 15:38 | Viewed: 1691

Bulgaria to Strike Back at Russia with Lawsuit over Belene NPP

Bulgaria's Ministry of Economy, Energy, and Tourism has made it clear that it is going to strike back at Russia's Atomstroyexport, a Rosatom subsidiary, with a counter lawsuit over the construction of the Belene nuclear power plant.

Business » Energy | July 22, 2011, Friday // 16:36 | Viewed: 2299

Toshiba Confirms Investment in Bulgarian Solar Park

Japanese company Toshiba intends to continue its investments in the construction of a 10 MW solar park near the Southeastern Bulgarian town of Yambol.

Business » Energy | July 22, 2011, Friday // 12:01 | Viewed: 2566

Russia Moves to Sue Bulgaria over Belene NPP

A lawsuit has been launched by Russia's Atomstroyexport, a Rosatom subsidiary, demanding that Bulagria's National Electric Company (NEK) pay EUR 58 M euro in arrears for works on the construction of the Belene nuclear power plant.

Business » Energy | July 22, 2011, Friday // 09:11 | Viewed: 1460

Bulgarians Set to Rally Against Fuel Price Hike

A new protest against the fuel price hike is to take place in Bulgaria Friday.

Business » Energy | July 22, 2011, Friday // 08:36 | Viewed: 1325

EVN Wraps Up Deal for Major Bulgarian Hydro Power Plant

Austrian company EVN has approved a capital hike to boost its stake in the Bulgarian hydro power plant project "Gorna Arda" to 70%.

Business » Energy | July 21, 2011, Thursday // 19:48 | Viewed: 1697

Environmental, Social Impact Assessment Advisor Appointed for Nabucco

Italian engineering company D'Appolonia S.p.A. (D'Appolonia) has been appointed as new Environmental and Social Impact Assessment (ESIA) Advisor for the Nabucco Pipeline Project, effective from 1 June 2011.

Business » Energy | July 21, 2011, Thursday // 14:14 | Viewed: 2323

Russia Mulls Freezing South Stream Gas Line - Report

Moscow could soon freeze temporarily its gas pipeline project "South Stream" and increase gas export to Europe thanks to Germany as a reliable partner.

Business » Energy | July 20, 2011, Wednesday // 10:35 | Viewed: 2457

Bulgaria to Finalize Shale Gas Contract with Chevron in Days

Bulgaria will finalize shale gas exploration talks with US Chevron and seal a contract in the next few days, Energy Minister Traicho Traikov has announced.

Business » Energy | July 19, 2011, Tuesday // 17:18 | Viewed: 2532

Bulgaria to Face New Fuel Price Protest Friday

A Facebook group has urged Bulgarians to join a new fuel price protest.

Business » Energy | July 19, 2011, Tuesday // 15:45 | Viewed: 1573

Bulgaria, Romania Set Stage for Massive Danube Hydro-Energy Projects

Bulgaria and Romania's economy ministers have discussed two large-scale hydro-energy projects on the Danube, whose future realization is said to harbor great economic potential.

Business » Energy | July 18, 2011, Monday // 20:20 | Viewed: 2756

Co-Owners of Bulgarian Fuel Retailer Lock Horns Again

A Monday letter of Denis Ershov to the media produced a new episode of the prolonged shareholder battle over Petrol Holding, a major fuel company in Bulgaria.

Business » Energy | July 18, 2011, Monday // 17:50 | Viewed: 1854

Fuel Prices in Bulgaria Hit New Record Highs

Gasoline rates in Bulgaria have climbed to a new record high, stoking fears of a new wave of price hikes of related commodities.

Business » Energy | July 18, 2011, Monday // 13:42 | Viewed: 1850

Lukoil Hikes Bulgaria's Fuel Prices

Fuel prices in Bulgaria has reached new highs after Lukoil Bulgaria announced new minor increases.

Business » Energy | July 17, 2011, Sunday // 18:22 | Viewed: 2207

Bulgarian Ex Interior Minister Denies Lukoil Involvement in Smuggling Schemes

Bulgarian left-wing MP Rumen Petkov has rejected allegations that Lukoil participates in smuggling schemes.

Business » Energy | July 17, 2011, Sunday // 13:55 | Viewed: 1678

Bulgartransgaz CEO Appointed Head of Nabucco Bulgaria

The newly-appointed CEO of state-owned Bulgartransgaz company, a subsidiary of Bulgargaz, Kiril Temelkov will also be in charge of the Bulgarian firm for the realization of the Nabucco gas transit pipeline.

Business » Energy | July 15, 2011, Friday // 20:19 | Viewed: 2018

South Stream, Nabucco to Be Granted Third-Party Access Exemptions – Bulgarian Energy Minister

Bulgarian Energy Minister Traicho Traikov has expressed his confidence in the fact that the South Stream gas pipeline will be granted a derogation by the European Commission on third-party access requirements.

Business » Energy | July 14, 2011, Thursday // 18:03 | Viewed: 1886

Bulgarian Customs Threaten to Revoke Lukoil Neftochim's Tax Warehouse License

Bourgas-based refinery Lukoil Neftochim may be stripped of its license allowing it to operate as a tax warehouse, according to Customs Agency head Vanyo Tanov.

Business » Energy | July 13, 2011, Wednesday // 17:13 | Viewed: 1350