Business » Energy

Lukoil vs. Bulgarian Customs Trial Put Off till January

The court battle between Lukoil and Bulgaria's Customs Agency over the two revoked warehouse tax operator permits of the company has once again been rescheduled for end-January.

Business » Energy | December 12, 2011, Monday // 15:55 | Viewed: 1524

Bulgaria Drags Feet on Renewable Energy Progress Report

Bulgaria's report on the total share of renewable energy sources (RES) in its energy mix may be delayed due to a terminated consultancy tender.

Business » Energy | December 12, 2011, Monday // 12:31 | Viewed: 1795

Hundreds of Bulgarians Protest against Shale Gas Exploration

Some 200 people gathered on Saturday  in Bulgaria's capital Sofia to protest against the potential shale gas exploration in the country.

Business » Energy | December 10, 2011, Saturday // 18:06 | Viewed: 1852

Bulgaria's President Pines for BA Oil Pipeline Project

Bulgaria's outgoing President Georgi Parvanov has expressed his discontent over the demise of the Burgas-Alexandroupolis oil pipeline project which the country decided to quit on Wednesday.

Business » Energy | December 10, 2011, Saturday // 15:47 | Viewed: 1275

Bulgaria Insist on as Public as Possible Shale Gas Contract - Energy Minister

The contract with US energy giant Chevron for shale gas exploration and production in Bulgaria, which is still being negotiated, will not be made fully public because there is an element of a trade secret, said Traicho Traikov, Minister of Economy, Energy

Business » Energy | December 9, 2011, Friday // 15:34 | Viewed: 1190

Burgas-Alexandroupolis Was Transit Rather Than Energy Project for Bulgaria - Energy Minister

The main reason for Bulgaria's decision to quit the Burgas-Alexandroupolis pipeline is that the initial plan for the financing of the project fell through, said Traicho Traikov, Minister of Economy, Energy and Tourism.

Business » Energy | December 9, 2011, Friday // 11:30 | Viewed: 1536

Bulgaria's Oil Pipeline Killing Won't Hurt Greece Gas Link, Govt Says

Bulgaria's withdrawal from the Burgas-Alexandroupolis oil pipeline will not affect the construction of the gas grid interconnection with Greece, according to Kiril Temelkov, CEO of state-owned Bulgartransgaz

Business » Energy | December 8, 2011, Thursday // 15:29 | Viewed: 1923

Energo-Pro Vows to Boost Investment, Slash Losses in Bulgaria

Czech company Energo-Pro, the new owner of power distributor E.ON Bulgaria, plans to increase investments and reduce technical losses in the grid.

Business » Energy | December 8, 2011, Thursday // 14:03 | Viewed: 1394

Russia Calm after Bulgaria Quits BA Pipeline, Will Seek Damages - Press

The Russian press has widely commented Thursday the Bulgarian government's decision to quit the joint Russian-Bulgarian-Greek Burgas-Alexandroupolis oil pipeline.

Business » Energy | December 8, 2011, Thursday // 11:07 | Viewed: 1518

Bulgarian Black Sea City Ecstatic over Scrapping of BA Oil Pipeline

Bulgaria's Black Sea city of Burgas has met with excitement the decision of the central government to scrap the Burgas-Alexandroupolis oil pipeline, a Bulgarian-Greek-Russian project.

Business » Energy | December 7, 2011, Wednesday // 19:15 | Viewed: 1724

Bulgaria-Greece Gas Link Ahead of Schedule - Energy Minister

Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov has dismissed as "mere speculation" allegations that Bulgaria would not receive its rightful share of EU funds for the construction of the gas grid interconnections with Romania and Greece

Business » Energy | December 7, 2011, Wednesday // 17:35 | Viewed: 1527

EVN Unit in Bulgaria Gets Ok to Become Public Co

Bulgaria's financial regulator has greenlighted the listing of the government's 33% minority stake in the local unit of Austria's EVN AG on the local stock exchange.

Business » Energy | December 7, 2011, Wednesday // 16:33 | Viewed: 1244

Russia Startled by Bulgaria's Scrapping of BA Oil Pipeline

Russia's oil company Transneft has expressed dismay at the decision of the Bulgarian government to kill the project for the Burgas-Alexandroupolis oil pipeline, according to its representatives.

Business » Energy | December 7, 2011, Wednesday // 16:07 | Viewed: 1821

Bulgaria's Neftochim Refinery to Start Reporting Export Volumes Real-Time by End-2012

Bulgaria's Burgas-based Lukoil Neftochim has installed electronic measuring devices allowing the real-time transmission of fuel volume data to the customs authorities but information concerning fuel export has not been included at this stage.

Business » Energy | December 7, 2011, Wednesday // 14:45 | Viewed: 1620

Bulgaria Energy Min Blames Partners for Oil Pipeline Demise

Greece and Russia's failure to fulfill their commitments forced Bulgaria to walk out of the Burgas-Alexandroupolis pipeline deal, the country's energy minister has said.

Business » Energy | December 7, 2011, Wednesday // 14:34 | Viewed: 1800

Bulgaria Abandons Burgas-Alexandroupolis Oil Pipeline

Bulgaria will terminate its participation in the Burgas-Alexandroupolis oil pipeline project, said Deputy Prime Minister and Finance Minister Simeon Djankov after Wednesday's Cabinet session.

Business » Energy | December 7, 2011, Wednesday // 13:05 | Viewed: 2775

Amid Court Claims, Russia Offers 'Unique Bargain' for Bulgarian Belene NPP

Russian nuclear energy company Rosatom's price offer for Bulgarian Belene NPP is spectacularly low and Bulgaria should hasten to accept it, said Rosatom's vice-director Kirill Komarov.

Business » Energy | December 6, 2011, Tuesday // 17:53 | Viewed: 1283

Energo Pro Needs License to Start Power Supply Business in Bulgaria

Energo Pro, the new owner of energy distribution grid in Northeast Bulgaria, will have to undergo a licensing procedure by the local energy watchdog before it it takes over the business of German E.ON, said Traicho Traikov, Minister of Economy, Energy and

Business » Energy | December 6, 2011, Tuesday // 12:16 | Viewed: 1322

CEZ, EVN Won't Sell Bulgarian Units Like E.ON - EconMin

Czech firm CEZ and Austrian firm EVN have no intention of selling their majority shares in the Bulgarian power utilities that they own, according to Bulgarian Economy and Energy Minister Traicho Traikov.

Business » Energy | December 5, 2011, Monday // 18:12 | Viewed: 1356

AES Geo Energy Plans 2nd Wind Park in Northeast Bulgaria

AES Geo Energy, a joint company between US energy giant AES and Bulgarian-German enterprise Geo Power is planning to build a second wind power park in Northeastern Bulgaria, Geo Power Manager Thomas Funke has announced.

Business » Energy | December 5, 2011, Monday // 17:02 | Viewed: 2206

Watchdog Head Downplays Sale of E.ON Bulgaria Power Utility

Angel Semerdzhiev, Chair of the State Commission for Energy and Water Regulation (DKEVR), has given assurances that the sale of power distributor E.

Business » Energy | December 5, 2011, Monday // 16:36 | Viewed: 1139