Send to Kindle
Regional Development Minister Plevneliev will transfer responsibility for the Burgas-Alexandroupolis oil pipeline to the state-owned Energy Holding. Photo by Sofia Photo Agency
The Bulgarian Energy Holding (BEH) is going to be in charge of the potential realization of the Burgas-Alexandroupolis oil pipeline project.
This was announced Friday by the Regional Development Minister Rosen Plevneliev, who made it clear it did not make sense to have his Ministry carry out the project.
The responsibility for the project is expected to be transferred to the state-owned company BEH next week.
Shortly before assuming his ministerial post, Plevneliev said the construction of the Russian-sponsored Burgas-Alexandroupolis oil pipeline was not economically justified.
This was followed by statements on part of the Finance Minister Djankov and the Economy Minister Traykov that Bulgaria did not have the necessary funds for large capital expenditures.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a move set to reverberate through global markets and geopolitical dynamics, the United States has announced the renewal of sanctions against Venezuela, citing unmet political commitments by President Nicolás Maduro
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Challenging international sanctions, Russia has commenced direct oil supplies to North Korea, bolstering ties between the two authoritarian regimes and undermining efforts to contain Pyongyang's activities
In the oil market, the upward trend continues at the beginning of the new week, with prices rising to nearly 5-month highs due to increasing geopolitical risks related to supply disruptions
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
In a significant move reflecting shifting dynamics in global oil trade, Turkey's Dortyol terminal, a key Mediterranean oil hub, has announced its decision to cease accepting Russian oil imports
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
