Panama Rejects US Claims of Free Canal Passages for Government Vessels
Panama has denied claims made by the US State Department that American government vessels can now transit the Panama Canal without paying fees
The United States has formally requested detailed clarification from Bulgaria regarding recent legal amendments passed by the Bulgarian parliament concerning Lukoil, the import of Russian oil, and any exceptions granted.
In a letter addressed to the Bulgarian National Assembly, government officials, and the ministries of energy and foreign affairs, the US House of Representatives Foreign Affairs Committee sought insights into the recent legislative changes. The inquiry, as reported by Sega newspaper, was transmitted through the Bulgarian embassy in Washington DC. The committee seeks to ascertain whether loopholes have been created to facilitate Lukoil's operations and the importation of Russian oil.
The American lawmakers have raised specific queries, inquiring about potential continuance of fuel exports derived from Russian oil post-December 31 and the rumored exemption from the USD 60 per barrel price cap for importing Russian crude oil in 2024.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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