Business » Energy

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: 2140

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: 1657

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: 1803

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: 1238

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: 7563

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: 2199

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: 1641

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: 1813

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: 2022

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: 1846

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: 1324

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: 1739

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: 1292

Bulgarian Energy Minister Demands Lukoil Cartel Probe

Bulgaria's Economy and Energy Minister, Traiko Traikov, has requested a probe of the Commission for Competition Protection, KZK, into a possible monopoly on the jet fuel market in the country.

Business » Energy | August 3, 2011, Wednesday // 10:17 | Viewed: 1352

Deja Vu: Russia Threatens to Dump N-Project in Bulgaria

Russia is acting once again perplexed as to whether to proceed with the construction of the second Bulgarian nuclear power plant Belene or nix the deal and seek penalty payments from Sofia.

Business » Energy | August 2, 2011, Tuesday // 20:24 | Viewed: 1534

Bulgaria's NEK Expects Russia to Give Up on N-Plant Claim

Bulgaria expects that by Wednesday Russia's state nuclear company Atomstroyexport will withdraw its EUR 58 M claim at an arbitration court over delayed payments for its work on two nuclear reactors.

Business » Energy | August 2, 2011, Tuesday // 18:01 | Viewed: 1493

Bulgarian Right Wing Demands PM to Lead War against Lukoil

The leaders of Bulgaria's right-wing Blue Coalition demanded from Prime Minister, Boyko Borisov, full support for the actions of the Customs Agency against Lukoil Bulgaria.

Business » Energy | August 2, 2011, Tuesday // 15:56 | Viewed: 1352