Business » Energy

Russia Snubs Bulgaria's Ultimatum on Striking N-Plant Claim

Russia's state nuclear company Atomstroyexport has no intentions of withdrawing its claim against Bulgaria's National Electric Company, NEK, over the Belene Nuclear Power Plant Project.

Business » Energy | August 1, 2011, Monday // 14:26 | Viewed: 1611

Sofia: Time is Ticking Away for Russia's Atomstroyexport

Russia's state nuclear company Atomstroyexport is running out of time after Sofia threatened to sue it unless it withdraws its EUR 58 M claim at an arbitration court over delayed payments for its work on two nuclear reactors.

Business » Energy | August 1, 2011, Monday // 13:59 | Viewed: 1341

Bulgarian Energy Minister Unwavering in Battle with Lukoil

If even one plane does not take off over the lack of fuel, the only culprit will be the Lukoil Aviation company because it is bound by a contract to deliver kerosene to airports.

Business » Energy | August 1, 2011, Monday // 10:19 | Viewed: 1527

Bulgaria's GERB Mulls Halting MPs Vacation over Fuel Saga

The ruling, center-right Citizens for European Development of Bulgaria, GERB, party is prepared to halt the vacation of the Members of the Parliament over the Lukoil crisis.

Business » Energy | August 1, 2011, Monday // 08:08 | Viewed: 1516

Wikileaks: Lukoil Funds Bulgaria's Socialist Party

The Bulgarian subsidiary of Lukoil, which pays some 20% of all the taxes collected in Bulgaria, has been revealed to be a sponsor of the Socialist Party here in a diplomatic cable of the US embassy in Sofia, sent right before the general elections in 2005

Business » Energy | July 31, 2011, Sunday // 18:11 | Viewed: 2956

Bulgaria Expects Russia to Give up Court Battle over N-Plant

Bulgaria's government expects Russia's state nuclear company to withdraw its EUR 58 M claim at an arbitration court over delayed payments for its work on two nuclear reactors, the energy minister has said.

Business » Energy | July 31, 2011, Sunday // 15:43 | Viewed: 1519

Bulgarian Cabinet Calls Emergency Meeting of Lukoil Board

The Bulgarian government is calling an emergency meeting of the Monitoring Board of the Lukoil Bulgaria company, the Minister of Economy and Energy, Traicho Traikov, announced.

Business » Energy | July 31, 2011, Sunday // 12:31 | Viewed: 1617

Lukoil Halts Fuel Supply to Bulgarian Railroads

The Lukoil Bulgaria company has informed in an official letter the Bulgarian State Railroads that it is halting supply of diesel fuel to the State Railroad Company, BDZ.

Business » Energy | July 31, 2011, Sunday // 10:15 | Viewed: 1318

Bulgaria Unblocks 2 T of Jet Fuel Reserve over Lukoil Crisis

The Bulgarian cabinet released overnight Saturday 1 800 tons of jet fuel from the State reserve, Economy and Energy Minister, Traicho Traikov announced.

Business » Energy | July 30, 2011, Saturday // 12:32 | Viewed: 1551

Bulgaria to Unblock Aircraft Fuel Reserve over Lukoil Crisis

Bulgaria's government is about to tap into the state reserve of aircraft fuel to prevent shortages after revoking the licence of Russian oil giant Lukoil local refinery, the only in the country.

Business » Energy | July 29, 2011, Friday // 21:00 | Viewed: 2174

Bulgaria Sets Up Crisis HQs over Lukoil Revoked Licence

Crisis headquarters will monitor the situation on Bulgaria's fuel market after the local refinery of Russian oil giant Lukoil was forced to halt operations for at least a month and a half, the prime minister announced.

Business » Energy | July 29, 2011, Friday // 17:06 | Viewed: 1930

Lukoil Won't Yield to Bulgarian Govt - Russian Analyst

Lukoil will rather close the Neftochim refinery in Bulgaria's Burgas than step back in its conflict with Bulgaria's government, Broker Credit Service analyst Andrey Polishchuk has stated.

Business » Energy | July 29, 2011, Friday // 17:02 | Viewed: 1752

Bulgarian Finance Minister Assures Smooth Ride for Transport Sector amid Lukoil Crisis

Bulgaria has a 160-day reserve of fuel but will not need to use it because several companies have redirected supplies to Bulgaria, according to Finance Minister Simeon Djankov.

Business » Energy | July 29, 2011, Friday // 13:22 | Viewed: 1113

Bulgarian PM Backs Lukoil License Suspension, Says Ministers Should Secure Fuel

Bulgarian Prime Minister Boyko Borisov has dubbed the revoked licenses of the two tax warehouses of Lukoil "a test" for the ministers".

Business » Energy | July 29, 2011, Friday // 12:01 | Viewed: 1324

Lukoil Crisis Won't Cause Fuel Supply Shortages at Bulgarian State-Owned Transport Companies

Bulgarian Transport Minister Ivaylo Moskovski has assured that currently there is no indication of a fuel supply shortage for the Bulgarian State Railways BDZ, Sofia Airport and the major ports in the country.

Business » Energy | July 29, 2011, Friday // 10:30 | Viewed: 2095

Bulgarian PM: Lukoil Must Restrain from War with Cabinet

I truly hope Lukoil Bulgaria will not enter in a war with the State, Bulgarian Prime Minister, Boyko Borisov, stated Thursday.

Business » Energy | July 28, 2011, Thursday // 19:08 | Viewed: 2009

Bulgarian FinMin: Meeting with Lukoil Was Futile

Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, explained the cancellation of his Thursday meeting with the Lukoil Bulgaria CEO, Valentin Zlatev, with the futility of holding such talks.

Business » Energy | July 28, 2011, Thursday // 18:32 | Viewed: 1284

Lukoil Refinery in Bulgaria Prepares for Final Closure

Lukoil Bulgaria is undertaking final actions of closing the only oil refinery in Bulgaria, located in the Black Sea city of Burgas.

Business » Energy | July 28, 2011, Thursday // 16:14 | Viewed: 2799

Meeting between Finance Minister, Lukoil Bulgaria CEO Mysteriously Cancelled

The meeting between Deputy Prime Minister and Finance Minister Simeon Djankov and Lukoil Bulgaria CEO Valentin Zlatev scheduled for Thursday morning did not take place.

Business » Energy | July 28, 2011, Thursday // 12:43 | Viewed: 1441

Lukoil Woes in Bulgaria May Be Linked to Delayed N-Plant

A link between Bulgaria's troubled ties with Russia's oil major Lukoil and state nuclear company Atomstroyexport can not be ruled out, according to insiders.

Business » Energy | July 28, 2011, Thursday // 10:36 | Viewed: 1311

Lukoil Bosses 'Already in Bulgaria' over Revoked License

Members of Russian oil major Lukoil management have urgently arrived in Sofia for talks over the revoked licenses of its refinery in Bulgaria to sell fuels, a former ambassador in Moscow has revealed.

Business » Energy | July 28, 2011, Thursday // 08:56 | Viewed: 1739