Business » Energy

Bulgarian Customs Agency Head Admits One-Off Defeat in Lukoil Saga

Lukoil will be able to make fuel as it did before the license suspension, Bulgarian Customs Agency head Vanyo Tanov has said, commenting on the latest turn in the saga with the oil processing plant.

Business » Energy | August 2, 2011, Tuesday // 10:25 | Viewed: 1229

Bulgaria PM Flexes Muscles as Lukoil Court Battle Looms

Bulgaria's prime minister has made it clear he is not scared by the prospect of being taken to court by the Russian oil giant Lukoil after customs authorities revoked the licenses of its refinery here.

Business » Energy | August 1, 2011, Monday // 21:24 | Viewed: 1452

Sofia Airport Assures Smooth Operations Despite Jet Fuel Crisis

Fuel supply problems have not caused any flight irregularities or cancellations at Sofia Airport, the company reported Monday afternoon.

Business » Energy | August 1, 2011, Monday // 18:09 | Viewed: 2497

Lukoil Restores Supplies to Bulgarian Railways, Jet Fuel Still Problem

Lukoil Bulgaria EOOD has restored fuel supplies to Holding Bulgarian State Railways EAD, according to an August 01 media statement of the state-owned railway operator.

Business » Energy | August 1, 2011, Monday // 17:38 | Viewed: 2305

Lukoil Defeats Bulgaria in Court, License Restored

A Bulgarian court has stopped the preliminary execution of the two July 22 decisions of the Bulgarian Customs Agency suspending the tax warehouses operator license of Lukoil Neftochim.

Business » Energy | August 1, 2011, Monday // 15:11 | Viewed: 2367

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: 1615

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: 1532

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: 1517

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: 2967

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: 1524

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: 1621

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: 2177

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: 1933

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: 1755

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: 1116

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: 1325

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: 2109

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: 2013