Business » Energy

Bulgarian EconMin Sets on Caspian Energy Diversification Tour

Bulgaria's Economy and Energy Minister, Traicho Traikov, began Monday a tour of the Caspian and Caucasus region.

Business » Energy | September 19, 2011, Monday // 09:39 | Viewed: 1716

Poland Set to Launch Shale Gas Production 2014 - PM

Commercial shale gas production in Poland may be launched as early as 2014, the country's Prime Minister Donald Tusk has revealed.

Business » Energy | September 18, 2011, Sunday // 16:08 | Viewed: 1741

Ukraine Fails to Grab South Stream Pipeline from Bulgaria

A suggestion by Ukrainian President Viktor Yanukovich that South Stream be built through Ukraine has been quickly rebuffed by the future pipeline's shareholders in favor of its planned route through Bulgaria.

Business » Energy | September 16, 2011, Friday // 16:01 | Viewed: 1686

Gazprom Formally Signs Up ENI, EDF, BASF for South Stream Pipeline

Three major Western European energy companies – Italy's Eni, France's EDF, and Germany's BASF - formally joined Russian energy giant Gazprom as shareholders of the South Stream gas transit pipeline.

Business » Energy | September 16, 2011, Friday // 14:30 | Viewed: 7222

Bulgarian Govt Invites 'Bad Guys' Lukoil to Keep Its Fuel Reserves

The Bulgarian government has invited the Lukoil Neftochim refinery to keep some additional 3,600 tonnes of jet fuel for its state reserves, show procurement records.

Business » Energy | September 15, 2011, Thursday // 17:25 | Viewed: 1583

Bulgaria's Gas Prices to Grow by 9% in October

Natural gas prices will most likely grow by around 9% from October 01, said Tuesday Angel Semerdzhiev, Chairman of the State Commission for Energy and Water Regulation (DKEVR).

Business » Energy | September 13, 2011, Tuesday // 14:59 | Viewed: 1657

Bulgaria Replaces CEO of Kozloduy Nuclear Plant

The state-owned Bulgarian Energy Holding has appointed a new director of the Kozloduy NPP, the only Bulgarian nuclear power plant, after the acting CEO sought a release for health reasons.

Business » Energy | September 12, 2011, Monday // 18:07 | Viewed: 1749

EU Sets Out to Lure Azerbaijan, Turkmenistan into Trans-Caspian Pipeline

The EU has adopted a mandate to negotiate with Azerbaijan and Turkmenistan the building of the long-anticipated Trans-Caspian oil and gas pipeline, the EC has announced.

Business » Energy | September 12, 2011, Monday // 17:10 | Viewed: 4529

Lukoil President Vows to Make Bulgarian Oil Refinery Best in Eastern Europe

Lukoil plans to invest around USD 25 B in oil processing and petrochemical manufacture in the next 10 years, according to Vagit Alekperov, President of the Russian oil giant.

Business » Energy | September 12, 2011, Monday // 13:54 | Viewed: 2489

Socialist Presidential Hopeful: Bulgaria's Belene Nuclear Project Must Start ASAP

The project to build a second Nuclear Power Plant in Bulgaria's Danube town of Belene is strategic and must be launched again as soon as possible, according the presidential hopeful, Ivaylo Kalfin.

Business » Energy | September 3, 2011, Saturday // 18:03 | Viewed: 2249

Russia 'Freezes' Burgas-Alexandroupolis Oil Pipeline over Bulgaria's 'Obstructions'

Russian oil pipeline monopoly Transneft will freeze the construction of the troubled Burgas-Alexandroupolis project, which has been largely obstructed by Bulgaria's government in the past 2 years.

Business » Energy | September 2, 2011, Friday // 19:04 | Viewed: 3382

Lukoil Bulgaria License Case Postponed for End of September

The Sofia Administrative Court, SAC, postponed Wednesday for September 28 the trial of the Lukoil Bulgaria company for the revocation of its license to operate excise warehouses.

Business » Energy | August 31, 2011, Wednesday // 14:00 | Viewed: 2113

Bulgarian Court Launches Lukoil License Trial

The Sofia Administrative Court, SAC, is going to try Wednesday the two cases against the Lukoil Bulgaria company for the revocation of its license to operate excise warehouses.

Business » Energy | August 31, 2011, Wednesday // 08:57 | Viewed: 1447

Bulgarians Might Evade Steep Hike of Natural Gas

The price of natural gas in Bulgaria might grow by less than 20% starting October 1, according to national energy regulator head Angel Semerdzhiev.

Business » Energy | August 30, 2011, Tuesday // 13:55 | Viewed: 1543

Bulgarian Energy Watchdog: Power Utilities Might Be Restructured

Electrical power utilities operating in Bulgaria might need to go through a restructuring, according to Angel Semerdzhiev, the head of the Bulgarian state energy regulator.

Business » Energy | August 30, 2011, Tuesday // 12:46 | Viewed: 1674

Gazprom Registers Huge Net Profit Growth Q1

The net profit of Russian gas giant Gazprom for the first quarter of 2011 has grown with 44% with respect to the same period last year.

Business » Energy | August 30, 2011, Tuesday // 11:48 | Viewed: 1512

Lukoil Bulgaria CEO Firm in Rebuffing Tax Violations Claims

The CEO of Lukoil Bulgaria, Valentin Zlatev, remains unwavering the company has not committed any tax or Customs law violations.

Business » Energy | August 27, 2011, Saturday // 11:09 | Viewed: 2325

WikiLeaks: Russia's Nuclear Projects Abroad 'Fantasy', Belene Included - US Ambassador

Russia's state nuclear company Atomstroyexport – which is technically supposed to build Bulgaria's Belene NPP – is facing severe shortages, according to a freshly leaked diplomatic cable of the US ambassador in Moscow.

Business » Energy | August 25, 2011, Thursday // 16:14 | Viewed: 2228

Bulgarian Govt Grants New 'Final' Extension on BA Oil Pipeline

The Bulgarian government has granted Trans-Balkan Pipeline, a Bulgarian-Greek-Russian project company, another extension on the environmental assessment of the Burgas-Alexandroupolis oil pipeline project.

Business » Energy | August 22, 2011, Monday // 16:08 | Viewed: 2286

Bulgarian Customs Agency Head Should Go to Jail for Lukoil Fiasco - Ex Interior Minister

Former Interior Minister MP Rumen Petkov has accused Customs Agency head Vanyo Tanov of participating in top-level smuggling schemes.

Business » Energy | August 22, 2011, Monday // 13:30 | Viewed: 2116

Bulgarian Customs Agency Inspects Lukoil on Suspicions of Tax Evasion

Bulgaria's Customs Agency is checking whether Lukoil Neftochim is being siphoned off by its subsidiary Litasco, which controls volumes entering and exiting the oil refinery.

Business » Energy | August 22, 2011, Monday // 13:24 | Viewed: 2119