Business » Energy

Lukoil Bulgaria Threatens to Sue Risk Management Lab over Damaging Allegations

Lukoil has threatened to sue the Risk Management Lab at the New Bulgarian University over a recent report stating that the Burgas-based Lukoil Neftochim refinery deprived the state budget of over BGN 1 B through inflated prices.

Business » Energy | May 28, 2015, Thursday // 08:38 | Viewed: 1991

Launch of Power Exchange Will Not Lead to 30-40% Price Spike – Watchdog Chair

It is unrealistic to suggest that electricity prices will increase by 30-40% after the launch of the electricity exchange, according to Ivan Ivanov, Chair of Bulgaria’s Commission for Energy and Water Regulation (KEVR).

Business » Energy | May 27, 2015, Wednesday // 15:47 | Viewed: 1551

OMV Interested in Using Bulgarian Pipes to Transport Romanian Gas

Austrian OMV has asked Bulgarian state-owned gas transmission operator Bulgartransgaz about opportunities to transport natural gas from Romania via Bulgarian gas pipelines, according to Georgi Gegov, CEO of Bulgartransgaz.

Business » Energy | May 27, 2015, Wednesday // 12:08 | Viewed: 2119

Macedonia Will Only Join Turkish Stream amid Agreement between Russia, EU on it - Gruevski

Macedonia will join the Turkish Stream gas pipeline project when the European Commission and Russia reach agreement on the scheme, according to Macedonian Prime Minister Nikola Gruevski.

Business » Energy | May 27, 2015, Wednesday // 10:47 | Viewed: 3619

Lukoil 'Manipulating Bulgaria Oil, Diesel Fuel Prices' - ex-PM

Lukoil Bulgaria is responsible for "artificial" prices of petrol in the country, a research team led by former PM Ivan Kostov has claimed.

Business » Energy | May 27, 2015, Wednesday // 09:24 | Viewed: 2003

Final Agreement on Bulgaria-Greece Gas Interconnector 'Delayed by Technicalities'

The signing of a final investment decision on the new Bulgaria-Greece gas grid interconnector is delayed for technical reasons, according to Energy Minister Temenuzhka Petkova.

Business » Energy | May 26, 2015, Tuesday // 13:09 | Viewed: 2454

Poor Transport, Energy Links Impede Development of SEE Countries – Plevneliev, Pusic

Bulgarian President Rosen Plevneliev and Croatia’s First Deputy Prime Minister and First Deputy Prime Minister and Minister of Foreign and European Affairs Vesna Pusic have agreed that poor transport and energy connections in Southeastern Europe are imped

Business » Energy | May 26, 2015, Tuesday // 10:15 | Viewed: 1492

Chevron Interested in Reviving Burgas-Alexandroupolis Oil Pipeline – Transneft President

US oil giant Chevron is interested in the Burgas-Alexandroupolis oil pipeline and will try to convince the Bulgarian government that it should be built, according to Nikolay Tokarev, President of Russian pipeline company Transneft.

Business » Energy | May 26, 2015, Tuesday // 08:23 | Viewed: 2817

Bulgaria’s State-Owned Maritsa East 2 TPP Reported Loss of BGN 38.6 M in 2014

Bulgaria’s state-owned thermal power plant Maritsa East 2 registered pre-tax loss of BGN 38.6 M for 2014.

Business » Energy | May 22, 2015, Friday // 17:05 | Viewed: 1292

Bulgaria Backs Idea for Gas Ring with Romania, Hungary, Slovakia

Bulgaria, Hungary, Romania and Slovakia have signed a joint declaration supporting the idea to link their countries’ gas transmission systems, Hungary’s Foreign Minister Péter Szijjártó announced on Thursday evening.

Business » Energy | May 22, 2015, Friday // 12:43 | Viewed: 1945

Bulgaria May Be Connected To Turkish Stream – Energy Committee Head

Delyan Dobrev, Chair of the parliamentary energy committee, has argued that it is very likely for Bulgaria to be connected to the Turkish Stream gas pipeline.

Business » Energy | May 20, 2015, Wednesday // 14:58 | Viewed: 2049

Lukoil CEO Urges Fight against Shadow Carbon Pricing

Lukoil's investment would secure best quality of fossil fuels on the Bulgarian market, the company's CEO Vagit Alekperov has said.

Business » Energy | May 20, 2015, Wednesday // 09:08 | Viewed: 1566

Plevneliev Welcomes Upgrade of Russia’s Lukoil Bulgarian Refinery Neftochim

Bulgaria’s President Rosen Plevneliev on Tuesday welcomed the introduction of technological innovations by Russian company Lukoil at its Bulgarian refinery Neftochim Burgas.

Business » Energy | May 19, 2015, Tuesday // 13:18 | Viewed: 3535

Sofia Heating Utility Fined BGN 125 000 for Abuse of Dominant Position

Bulgaria’s Supreme Administrative Court (VAS) has allowed the Commission for Protection of Competition (KZK) to impose a penalty of BGN 125 000 on heating utility Toplofikatsiya Sofia for abuse of dominant position.

Business » Energy | May 19, 2015, Tuesday // 12:15 | Viewed: 1176

Bulgaria Slaps BGN 1.25 M Fine on CEZ Unit

Bulgaria’s anti-trust regulator said in Monday it imposed a fine of BGN 1.

Business » Energy | May 18, 2015, Monday // 18:57 | Viewed: 3517

Bulgaria’s PM: Qatar Interested in Investing in Kozloduy NPP New Unit

Qatar is interested in investment in unit 7 of Bulgaria’s Kozloduy power plant, according to a media statement of the government’s press office.

Business » Energy | May 18, 2015, Monday // 17:30 | Viewed: 4093

Lukoil President Arrives in Bulgaria to Open Heavy Oil Residue Conversion Plant

Lukoil President Vagit Alekperov arrives Tuesday in Bulgaria for the opening of a heavy oil residue hydrocracking plant at the Lukoil Neftochim Burgas refinery.

Business » Energy | May 18, 2015, Monday // 11:50 | Viewed: 3963

Fire Breaks Out at Lukoil Neftochim Burgas Refinery

A fire broke out on the territory of the Burgas-based Lukoil Neftochim refinery on Friday.

Business » Energy | May 15, 2015, Friday // 18:41 | Viewed: 2853

Bulgaria President Invites SKorea Companies for Oil, Gas Exploration

Bulgarian President Rosen Plevneliev has invited Korean companies to look for oil and gas exploration in the Black Sea.

Business » Energy | May 14, 2015, Thursday // 16:29 | Viewed: 1703

Bulgaria Keeps Spending Money on Burgas-Alexandroupolis Project Company

Bulgaria’s Finance Ministry will allocate BGN 100 000 from its own budget to a capital hike of the project company created for the implementation of the suspended Burgas-Alexandroupolis oil pipeline project.

Business » Energy | May 14, 2015, Thursday // 07:48 | Viewed: 3217

Bulgaria-Serbia Gas Grid Interconnector Will Boost Energy Security –Deputy Minister

The construction of the Bulgaria-Serbia gas grid interconnector will boost the energy security of both countries and of the region as a whole, according to Bulgaria’s Deputy Energy Minister Nikolay Nikolov.

Business » Energy | May 13, 2015, Wednesday // 12:09 | Viewed: 1786