Business » Energy

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: 2011

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: 2809

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: 1451

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: 1314

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: 1740

Bulgarian PM to Give Lukoil One Last Chance to Comply with Regulations

Bulgarian Prime Minister Boyko Borisov has tried to alleviate tensions surrounding the Burgas-based Lukoil refinery while maintaining a critical stance toward the failure of the plant to comply with the regulations.

Business » Energy | July 27, 2011, Wednesday // 18:04 | Viewed: 1363

Russian Lukoil Claims It Was Misled About Postponed Installation of Measuring Devices

Lukoil Spokesperson Dmitry Dolgov said Wednesday that the Russian side had been led to believe that it had successfully negotiated the postponement of the installation of measuring devices by the end of 2011 with the Bulgarian authorities.

Business » Energy | July 27, 2011, Wednesday // 17:08 | Viewed: 1616

Lukoil Bulgaria CEO Announces Closure of Oil Refinery

The Lukoil refinery, the only one in Bulgaria, is in emergency operational mode in preparations to stop work, according to Lukoil Bulgaria's CEO, Valentin Zlatev.

Business » Energy | July 27, 2011, Wednesday // 12:37 | Viewed: 2212

Lukoil Ordered to Stop Operations in Bulgaria

А decision has been issued by the State Customs Agency terminating the license of Nefothim Burgas to operate the so-called excise storage facilities.

Business » Energy | July 27, 2011, Wednesday // 09:00 | Viewed: 2114

Bulgaria Govt Steers Clear of Russia's Lawsuit over Belene

Bulgaria's government will not meddle with attempts to settle the troubled ties between the state utility NEK and Russia's state nuclear company, the economy minister has said.

Business » Energy | July 26, 2011, Tuesday // 18:17 | Viewed: 1419

Russian Media: Threat of Paying EUR 1 B Still Here for Sofia

Bulgaria faces the realistic prospect of being obliged to pay EUR 1 B in damages after the delayed nuclear plant project Belene ended up in Paris-based ICC International Court of Arbitration, Russian media comments.

Business » Energy | July 25, 2011, Monday // 15:38 | Viewed: 1700

Bulgaria to Strike Back at Russia with Lawsuit over Belene NPP

Bulgaria's Ministry of Economy, Energy, and Tourism has made it clear that it is going to strike back at Russia's Atomstroyexport, a Rosatom subsidiary, with a counter lawsuit over the construction of the Belene nuclear power plant.

Business » Energy | July 22, 2011, Friday // 16:36 | Viewed: 2324

Toshiba Confirms Investment in Bulgarian Solar Park

Japanese company Toshiba intends to continue its investments in the construction of a 10 MW solar park near the Southeastern Bulgarian town of Yambol.

Business » Energy | July 22, 2011, Friday // 12:01 | Viewed: 2611

Russia Moves to Sue Bulgaria over Belene NPP

A lawsuit has been launched by Russia's Atomstroyexport, a Rosatom subsidiary, demanding that Bulagria's National Electric Company (NEK) pay EUR 58 M euro in arrears for works on the construction of the Belene nuclear power plant.

Business » Energy | July 22, 2011, Friday // 09:11 | Viewed: 1476

Bulgarians Set to Rally Against Fuel Price Hike

A new protest against the fuel price hike is to take place in Bulgaria Friday.

Business » Energy | July 22, 2011, Friday // 08:36 | Viewed: 1340

EVN Wraps Up Deal for Major Bulgarian Hydro Power Plant

Austrian company EVN has approved a capital hike to boost its stake in the Bulgarian hydro power plant project "Gorna Arda" to 70%.

Business » Energy | July 21, 2011, Thursday // 19:48 | Viewed: 1711

Environmental, Social Impact Assessment Advisor Appointed for Nabucco

Italian engineering company D'Appolonia S.p.A. (D'Appolonia) has been appointed as new Environmental and Social Impact Assessment (ESIA) Advisor for the Nabucco Pipeline Project, effective from 1 June 2011.

Business » Energy | July 21, 2011, Thursday // 14:14 | Viewed: 3023

Russia Mulls Freezing South Stream Gas Line - Report

Moscow could soon freeze temporarily its gas pipeline project "South Stream" and increase gas export to Europe thanks to Germany as a reliable partner.

Business » Energy | July 20, 2011, Wednesday // 10:35 | Viewed: 2558

Bulgaria to Finalize Shale Gas Contract with Chevron in Days

Bulgaria will finalize shale gas exploration talks with US Chevron and seal a contract in the next few days, Energy Minister Traicho Traikov has announced.

Business » Energy | July 19, 2011, Tuesday // 17:18 | Viewed: 2549

Bulgaria to Face New Fuel Price Protest Friday

A Facebook group has urged Bulgarians to join a new fuel price protest.

Business » Energy | July 19, 2011, Tuesday // 15:45 | Viewed: 1591