Oil, Gas Explorations in Black Sea to Begin in February 2016 – Bulgarian PM

Bulgarian Prime Minister Boyko Borisov announced on Saturday that the oil and gas explorations in the continental shelf of the Black Sea will begin in February next year.
Borisov said that if his first government had not been forced to resign in 2013, the exploration of the Khan Asparuh field would have started by now.
According to him, the first move of the government of Prime Minister Plamen Oresharski, which succeeded the first Borisov Cabinet, was to stop the concessions for the Teres and Silistar fields.
In his words, each year Bulgaria spends USD 6.7 B on the import of hydrocarbons, while the country's vast reserves remained unexploited.
Borisov pointed to the successful example of Romania, which has already developed its Black Sea shelf and imported only 10 % of its fuels.

Bulgarian Energy Sector Poised for Growth as Eurozone Entry Spurs Major Funding Boost
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction

Gas Deal Disaster: How Bulgaria Ended Up Paying Millions for Unused Turkish Transit
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal

Bulgaria Investigates Botas Gas Deal: Former Minister’s Home Searched
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas

EU Green Push Could Drive Up Fuel Prices by 50 Stotinki per Liter, Industry Warns
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU

It’s Official: Power and Heating Prices Go Up in Bulgaria - But Not As Much As Planned
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria

Bulgargaz Proposes July Gas Price of BGN 64.55/MWh
At an open session, the Energy and Water Regulatory Commission (EWRC) reviewed a proposal submitted by Bulgargaz EAD on June 10, 2025, for setting the July sale price of natural gas to end suppliers and licensed heating energy producers