Business » Energy

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: 1351

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

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: 1230

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: 2499

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: 2308

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: 2373

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: 1342

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: 1533

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: 2971

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: 1526

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