After years of preparation and research, actual drilling for oil and natural gas is starting in the Bulgarian part of the Black Sea. OMV Petrom, the largest energy producer in Southeast Europe, and NewMed Energy Balkan, a subsidiary..
A contract for the search and exploration of oil and natural gas deposits in the Khan Tervel Block 1-26, located in Bulgaria's exclusive economic zone in the Black Sea, will be signed at an official ceremony in Sofia today. The agreement will be..
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a..
The sea waves have pushed the oil ashore, which was released by a ship in the waters near Varna on the morning of March 31. The pollution was localized between two jetties, and the oil has been successfully collected. In an interview with BNT,..
Bulgaria has offered to help Hungary cope with the difficulties arising from the ban on the transit of oil across Ukraine. This transpired from a post on Facebook by Hungary’s Foreign Minister Peter Szijjarto. “Bulgaria, as a true friend and..
Bulgaria is among the largest producers of lavender oil in the world. Nearly 100% of it is export-oriented. The highest demand is in the USA, Germany, France, Austria, The Netherlands, India, Great Britain, Spain, Canada, Marocco,..
According to the London Stock Exchange (LSE), in January Bulgaria replaced imports of Russian oil with imports from Kazakhstan, Iraq and Tunisia , reports BTA, citing Reuters. Bulgaria has a derogation from the EU embargo against Russia, allowing it..
“Not in the space of three days, yesterday Lukoil was ready to switch entirely over to non-Russian oil, with a reduced operating capacity for Neftochim, but enough to meet the country’s needs of fuel,” Delyan Dobrev, chair of the National Assembly’s..
At this stage, there is no procedure launched by the European Commission against Bulgaria, EC spokesperson Daniel Ferrie said. This is how he answered the question whether there was an investigation against the country due to reports..
On Monday, the three parliamentary groups supporting the government agreed that GERB-SDS and MRF would cancel the proposal to immediately end Lukoil’s derogation for import of Russian oil, if the refinery in Burgas paid nearly 750..
