Bulgaria's Commission for the Protection of Competition has imposed a fine on Lukoil-Bulgaria and Lukoil Neftohim Burgas" of over 82 million euros due to their monopoly position on the fuel storage market. In order to preserve their monopoly, for..
"When the so-called Energy Grand Slam (three major Bulgarian-Russian energy projects agreed in January 2008) was announced, a joint-stock company was created. Russia acquired 50% of its capital and the remaining 50% was shared equally between..
The Bulgarian Cabinet approved two agreements for the supply of oil and natural gas from Greece. One of the memorandums gives a green light to the Ministry of Energy to work with the counterpart Greek ministry for the construction of the..
If necessary, the state can take control of the oil refineries in Bulgaria. This was adopted by MPs at first reading. According to the changes, control will be carried out by the Minister of Economy, who will have the right to appoint a special chief..
Although the European Union has allowed Bulgaria to import Russian oil until the end of 2024, it cannot sell refined petroleum products made from Russian crude oil within the community or to third countries. This was decided by the..
“What we are sending is in the top three of Ukraine’s priorities of the weaponry it is asking of us,” Minister of Defence in the caretaker government Dimitar Stoyanov stated in an interview with bTV. “The lists have been coordinated with the..
The possibility of having the "Lukoil Neftohim Burgas" refinery under state control is being considered after it became known that the Italian government had taken control over the management of Lukoil's refinery in Italy to serve..
The European Commission is holding talks with the Bulgarian government due to concerns that refined Lukoil products may be exported from our country , EC spokesperson Daniel Ferrie announced. "Actually, Bulgaria enjoys a special derogation from the..
"Ukrainians must prepare for a long and hard winter marked by Russian attacks," President Volodymyr Zelensky said in his nightly address. “As long as they have missiles, they will continue hitting Ukraine’s critical infrastructure”, said Zelensky..
The G-7 is considering the possibility of imposing a price cap on Russian crude oil, transported by sea, in the range of 65-70 US dollars per barrel , BTA reported. The topic was also discussed with the representatives of the 27 EU..
