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Bulgarian Prime Minister Boyko Borisov. Photo: Bulgarian News Agency
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.
Discussion around the admission of third-country workers to the Bulgarian labor market has intensified, often with emotions running high.
Bulgarians are reminded that annual tax returns must be filed by the end of April, with any additional tax due to be paid in euros
NATO has raised its missile defense alert to the highest level, and the readiness of air defense and missile defense systems across the Eastern Flank has been significantly strengthened, Acting Defense Minister Atanas Zapryanov announced during the 75th a
Former Minister of Regional Development and Public Works Ivan Shishkov, who leads the Progressive Bulgaria list in Vratsa, announced on Nova TV that his team plans to design all highways across Bulgaria within two years
Reports from the border between Greece and Bulgaria show a growing trend of Greek citizens traveling to Bulgaria to take advantage of lower gasoline prices, with differences reaching up to 50 cents per liter.
Ivan Demerdzhiev, former Minister of Internal Affairs and member of the "Progressive Bulgaria" coalition, emphasized in an interview on BNT that his group is driven by principles rather than political maneuvering
Rumen Spetsov, the special manager of Lukoil in Bulgaria, has assured that fuel supplies in the country are secure and that there is no reason to expect shortages in the foreseeable future.
A significant share of Bulgaria’s energy supplies does not pass through the Strait of Hormuz but instead reaches the country via the Black Sea, placing it in a comparatively stable position despite tensions in the Middle East
Fuel prices at wholesale bases, which supply both gas stations and agricultural producers, continue to rise steadily, prompting increased activity at fuel outlets across Bulgaria
OMV Petrom has announced that it will join the consortium exploring the offshore Khan Tervel gas block in the Bulgarian sector of the Black Sea, marking a significant expansion of its footprint in a region of growing strategic importance for Europe’s ener
Fuel prices in Bulgaria have continued to rise sharply over the past week, according to data from the Fuelo platform, as reported by BTA.
In Bulgaria, energy experts are calling for greater transparency in fuel pricing, focusing on the role of Lukoil Neftochim, which dominates the country’s oil market
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