Business » Energy

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

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: 1287

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: 2835

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: 1459

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: 1319

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: 1742

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: 1365

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: 1622

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: 2214

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: 2124

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: 1421

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: 1701

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: 2328

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: 2615