Bulgaria Successfully Evacuates Diplomats from Iran via Azerbaijan
Ten Bulgarian diplomats stationed in Iran have been safely evacuated to Azerbaijan, crossing the border via the Astara state checkpoint
Bulgaria's Minister of Economy and Energy Dragomir Stoynev, photo by BGNES
Bulgaria starts talks for the construction of a gas grid interconnection with Turkey.
Bulgarian Economy and Energy Minister Dragomir Stoynev will meet with Turkey's Minister of Energy and Natural Resources Taner Yildiz on Friday in Sofia, according to reports of the Bulgarian National Radio (BNR).
The two energy ministers will discuss the establishment of a working group on the project.
The completion of the gas grid interconnection will provide Bulgaria with access to gas fields in Azerbaijan, which are an alternative to gas supplies from Russia.
The gas grid interconnection is a key project for the attempts to achieve a gas supply diversification in Bulgaria and the region, taking into account that the Turkish grid has six entry points for gas supplies.
On March 20, 2012 Bulgaria and Turkey signed a declaration for fast-tracking the project under which the construction of the 75-km Bulgarian section of the pipe should have started in mid-2013.
Due to the delay, the launch of the gas pipe, which is to carry 5 billion cubic meters of gas a year, is expected no earlier than 2019.
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Fuel prices in Bulgaria have already begun to climb in some areas, with gas station owners linking the increase to the escalating conflict in the Middle East
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reported
Acting Energy Minister Traycho Traykov commented on Nova TV that the recent rise in fuel prices in Bulgaria is modest, with gasoline and diesel increasing by just three cents, reflecting crude oil quotations
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