Business » Energy

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: 7564

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: 2209

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: 1820

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: 1247

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: 2026

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: 1743

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: 1356

Lukoil Neftochim Resumes Operations, Leaves Bulgarian Legal Experts Divided

The Lukoil refinery in Bulgaria has resumed operations despite the revoked tax warehouse operator permits.

Business » Energy | August 2, 2011, Tuesday // 14:49 | Viewed: 1510

Austrian Media Warn Bulgaria Against Playing Games with Russian Oil Giant

Austrian press reports of the Lukoil saga in Bulgaria have emphasized the superiority of the energy giant, at the same time advising the country to be careful about its energy relations.

Business » Energy | August 2, 2011, Tuesday // 13:34 | Viewed: 1797

Bulgarian Court Moved to Avert Fuel Supply Crisis - Russian Print Media

Lukoil managed to restore operations in Bulgaria through a court order and now the company has one month to resolve all disagreements with the local authorities, according to reports of Russian print media.

Business » Energy | August 2, 2011, Tuesday // 10:58 | Viewed: 1132

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: 1232