Business » Energy

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: 7280

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: 1591

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: 1659

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: 1757

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: 4552

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: 2499

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: 2251

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: 3398

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: 2122

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: 1450

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: 1546

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: 1681

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: 2337

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: 2232

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: 2290

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: 2117

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: 2125

Bulgarian Customs Head: Lukoil Has Tax Problems, Gets Better

Lukoil Bulgaria has been chronically failing to adequately pay its taxes, according to Bulgarian Customs Agency head Vanyo Tanov.

Business » Energy | August 21, 2011, Sunday // 17:28 | Viewed: 2061

Lukoil Bulgaria Brags about Complying with 'One Third' of Law

Nearly one third (30%) of the electronic measuring devices, required by law, have been already installed by Lukoil Neftohim Burgas.

Business » Energy | August 20, 2011, Saturday // 17:03 | Viewed: 1894

Bulgaria Still Hopeful for Belene NPP despite Counter Suits with Russia

Even though it is tangled in counter-suits with Russia, Bulgaria's government still hopes that the talks for the Belene nuclear power plant project have a future, Mihail Andonov, head of the Bulgarian National Electric Company NEK has indicated.

Business » Energy | August 19, 2011, Friday // 16:10 | Viewed: 1884