Business » Energy

Bulgaria's Gas Supplier Predicts 20% Price Hike in Q4

The price of natural gas will go up 20% in the beginning of October, according to preliminary estimates of Bulgargaz.

Business » Energy | August 12, 2011, Friday // 15:36 | Viewed: 1541

Melrose Abandons Kaliakra East-1 Well in Bulgaria

Edinburgh-based oil and gas explorer Melrose Resources has abandoned a well on the Galata block in the western Black Sea, offshore Bulgaria, but is pressing ahead with its plans.

Business » Energy | August 12, 2011, Friday // 15:23 | Viewed: 1463

Lukoil Reduces Retail Fuel Prices in Bulgaria

Lukoil has reduced retail fuel prices at its filling station chain in Bulgaria.

Business » Energy | August 12, 2011, Friday // 11:18 | Viewed: 1382

Contract Gives Start to Bulgaria-Greece Gas Interconnection

A contract signed Thursday has become a "decisive" first step for the construction of the natural gas grid interconnection between Bulgaria and Greece, the Bulgarian Energy Holding announced.

Business » Energy | August 11, 2011, Thursday // 17:17 | Viewed: 2871

Lukoil Bulgaria Downs Fuel Prices, Far from Enough

Dominant fuel seller Lukoil Bulgaria decreased on Thursday petrol and diesel prices by some 2%, turning a blind eye to the much sharper drop in crude oil costs on global markets.

Business » Energy | August 11, 2011, Thursday // 13:58 | Viewed: 1540

Russia Offers Bulgaria 14th Extension of Belene Nuclear Plant Contract

Russia's Atomstroyexport, a subsidiary of state nuclear corporation Rosatom, has offered Bulgaria a new extension of the contract for the construction of the Belene nuclear power plant, amidst continuing haggling over the project's price.

Business » Energy | August 11, 2011, Thursday // 12:21 | Viewed: 2257

Bulgaria, Russia Get Tangled in Talks on Delayed Belene NPP Payments

Bulgaria and Russia have started negotiations on their claims for one another over delayed payments for equipment for the Belene nuclear power plant, parallel to the general talks on the fate of the troubled project.

Business » Energy | August 10, 2011, Wednesday // 13:09 | Viewed: 2137

Bulgarian Supreme Court to Rule on Lukoil License Case

Bulgaria's Supreme Administrative Court (VAS) is expected to rule Wednesday on the revocation of Lukoil Bulgaria's license to operate excise storage facilities.

Business » Energy | August 10, 2011, Wednesday // 11:10 | Viewed: 1654

TransAtlantic with Q2 Loss, Seeks Partners for Bulgarian Assets

TransAtlantic Petroleum, which recently acquired 100% of Direct Petroleum Bulgaria, has registered a larger than expected loss in the second quarter of 2011.

Business » Energy | August 10, 2011, Wednesday // 10:47 | Viewed: 1801

Bulgaria's Natural Gas Consumption, Output Grew in 2010 - Bulgargaz

Bulgaria's consumption of natural gas grew by 2% in 2010 compared with 2009, according to the newly released financial report of state company Bulgargaz.

Business » Energy | August 10, 2011, Wednesday // 08:41 | Viewed: 1237

WikiLeaks: Bulgaria, US Mulled New Refinery to Rival Neftochim

Bulgarian and American officials discussed two years ago the construction of a new, mid-sized oil refinery to compete with Neftochim, controlled by Russia's giant Lukoil, diplomatic cables, revealed by WikiLeaks, show.

Business » Energy | August 9, 2011, Tuesday // 18:21 | Viewed: 7562

Rompetrol Expands Own Gas Stations Network in Bulgaria

Romanian oil company Rompetrol has opened its 58th gas station in Bulgaria, amidst plans to boost its presence on the Bulgarian market.

Business » Energy | August 8, 2011, Monday // 16:45 | Viewed: 2195

Russia Ready with Roadmap for Bulgaria's Belene N-Project

Bulgaria's state-run power grid operator NEK and Russia's state nuclear company Atomstroyexport have set up a financial working group on the Balkan country's planned Belene nuclear plant, it emerged on Friday.

Business » Energy | August 5, 2011, Friday // 16:49 | Viewed: 1639

Bulgarian PM Assumes Full Responsibility for Lukoil Saga

The decision to revoke the license of Lukoil Bulgaria has been made personally by Prime Minister, Boyko Borisov.

Business » Energy | August 5, 2011, Friday // 10:05 | Viewed: 1809

Bulgarian Nationalist Leader Advises Re-Nationalization of Lukoil Refnery

Volen Siderov, leader of Bulgarian nationalist party Ataka has suggested that Prime Minister Borisov should terminate the contract with Lukoil and make the refinery state property.

Business » Energy | August 4, 2011, Thursday // 20:05 | Viewed: 1245

Bulgaria to Sue Russia in Geneva over Belene Project

Bulgaria's state-run power grid operator has threatened to sue in Geneva Russia's state nuclear company Atomstroyexport over delayed payments on planned Belene nuclear plant.

Business » Energy | August 4, 2011, Thursday // 12:24 | Viewed: 2019

Bulgaria Selects 5 Companies for N-Plant Stress Tests

Bulgaria has picked five companies to prepare the stress tests at the country's sole nuclear power plant in Kozloduy, a public procurement notice shows.

Business » Energy | August 4, 2011, Thursday // 06:40 | Viewed: 1845

Bulgarian Government Increases Accessible Jet Fuel Stocks from State Reserve

The Bulgarian government green-lighted Wednesday the unblocking of additional volumes of aviation fuel from the State Reserve to last for 10 days.

Business » Energy | August 3, 2011, Wednesday // 15:01 | Viewed: 1323

Bulgarian Competition Watchdog Suspects Lukoil of Market Abuse

Bulgaria's Commission on Protection of Competition has grounds to believe that there could be cartel deals and abuse of the dominant position of Lukoil in Bulgaria's fuel market.

Business » Energy | August 3, 2011, Wednesday // 14:22 | Viewed: 1446

2 Former Directors of Bulgarian State-owned Mining Company Face Court Over Public Procurement Fraud

The District Prosecutor's Office in Stara Zagora has filed an indictment with the local district court against Ivan Markov and Gocho Hristov, former executives of Bulgaria's largest coal mining company, Maritsa Iztok Mines EAD.

Business » Energy | August 3, 2011, Wednesday // 13:50 | Viewed: 1738

Bulgarian Customs Appeal Reinstatement of Lukoil License

Bulgaria's Customs Agency has logged an appeal against the rule of the Sofia City Administrative Court, ACSC, to reinstate the license of Lukoil Bulgaria to operate excise warehouses.

Business » Energy | August 3, 2011, Wednesday // 11:14 | Viewed: 1290