Business » Energy

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: 1295

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: 1193

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: 1540

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: 1942

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: 1523

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: 1728

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: 1529

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: 1245

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: 1824

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: 1625

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: 1804

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: 2851

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: 1286

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: 1360

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: 2218

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: 1141

Bulgaria's Lukoil Refinery to Meet State Demands by Jan 15 - Customs Head

Vanyo Tanov, head of Bulgaria's Customs Agency, has assured that all excise duty leaks in cigarette sales have been plugged.

Business » Energy | December 5, 2011, Monday // 15:37 | Viewed: 1439

E.ON Left Bulgaria Due to Hostile Climate - Analysts

German company E.ON has decided to shed its Bulgarian power utility E.ON Bulgaria due to an overregulated market and political attacks by senior government officials, according to Bulgarian comentators.

Business » Energy | December 3, 2011, Saturday // 16:35 | Viewed: 2196

E.ON Sheds Bulgaria Business to Czech Energo Pro

German electric energy company E.ON has agreed to sell its Bulgarian unit E.ON Bulgaria to private Czech company Energo Pro.

Business » Energy | December 3, 2011, Saturday // 16:05 | Viewed: 1916