Expats

Bulgaria's Oil Oligarch Admits to Excessive Fuel Prices [Apr 04, 2012] The General Director of Lukoil Bulgaria Valentin Zlatev, known as one of the top Bulgarian oligarchs, has admitted that fuel prices in the country are way too high. Zlatev, who is in charge of the Bulgarian branch of the Russian oil giant, including the largest refinery in the Balkans, Lukoil Neftochim Burgas, did say, however, that it is both the consumers, and the producers who suffer from the ... [via YahooNews] More >>

Bulgaria Must Negotiate Gas Price Cut with Gazprom ? Right-Wing MP [Feb 20, 2012] The right-wing Democrats for a Strong Bulgaria (DSB) party have demanded that the government immediately start talks with Russia's Gazprom to renegotiate the terms of the gas supply contract. The latest increase in retail gasoline and diesel prices caused the MPs to declare that the state had given up its authority over the Lukoil Neftochim refinery. Speaking at a Monday press conference, Dimtar ... [via YahooNews] More >>

Lukoil Bulgaria signs euro910m hydrocracker deal [Jan 25, 2012] The Bulgarian branch of Russian oil giant Lukoil has announced plans to build a euro910 million ($1.18 billion) addition to its Neftochim refinery.Under a deal signed Wednesday, Italian unit of Technip ... [via YahooNews] More >>

The Boring End of the Lukoil Bulgaria Opera [Jan 17, 2012] Bulgaria's Customs Agency awarded Monday to the Lukoil Neftochim refinery in the Black Sea city of Burgas protocols certifying compliance of its measuring equipment with state requirements. Thus, Bulgaria's great Lukoil Opera (or saga if you prefer) came to an end without much fanfare ? unlike the way it started in July 2011 when Bulgarian Prime Minister Boyko Borisov and Customs Agency chief ... [via YahooNews] More >>

Bulgaria to Launch 2nd Refinery in Pleven [Oct 17, 2011] The refinery Plama in Bulgaria's northern city of Pleven is going to reopen in December 2011. The news was reported by Darik radio, citing Finance Minister, Simeon Djankov, who spoke during a meeting with the company-owner which purchased the refinery last year. Plama will make mainly lubricants, while fuels will be a side production. ... [via YahooNews] More >>

Bulgaria Top Court: No Halt to Operations for Lukoil [Aug 10, 2011] Bulgaria's top court upheld Wednesday a previous ruling providing that the Lukoil Neftochim should stay in operation until the legality of its revoked tax warehouse operator license is finally decided. The Supreme Administrative Court (VAS) thereby allowed the refinery to process fuel until the end of 2011 at the least, given that the first sitting of the Administrative Court Sofia City (ACSC ... [via YahooNews] More >>

Lukoil's Bulgaria refinery resumes operations [Aug 03, 2011] Bulgaria's Lukoil Neftochim refinery has resumed operations, the company said Wednesday, after it almost halted production over a licensing row. [via YahooNews] More >>

Lukoil's Bulgaria refinery resumes operations [Aug 03, 2011] People walk in front of the Lukoil Neftochim Headquarters in Sofia. Bulgaria's Lukoil Neftochim refinery has resumed operations, the company said Wednesday, after it almost halted production over a ... [via YahooNews] More >>

Lukoil refinery in Bulgaria resumes processing [Aug 02, 2011] The Bulgarian refinery of Russian oil giant Lukoil says it is resuming operations after its permits for storing fuel were revoked last week in a tax dispute with the government. [via YahooNews] More >>

Bulgaria PM Flexes Muscles as Lukoil Court Battle Looms [Aug 01, 2011] Bulgaria's prime minister has made it clear he is not scared by the prospect of being taken to court by the Russian oil giant Lukoil after customs authorities revoked the licenses of its refinery here. "There are laws and they should be abided by," Boyko Borisov said on Monday, asked to comment the prospect of the company seeking to be paid damages after it was forced to halt its operations in ... [via YahooNews] More >>

Bulgaria's GERB Mulls Halting MPs Vacation over Fuel Saga [Aug 01, 2011] The ruling, center-right Citizens for European Development of Bulgaria, GERB, party is prepared to halt the vacation of the Members of the Parliament over the Lukoil crisis. The news was announced by the Deputy Chair of the GERB Parliamentary Group, Valentin Nikolov, saying an emergency meeting can be called if the fuel crisis deepens after the revocation of the license of the only refinery in ... [via YahooNews] More >>

Bulgaria taps state reserves after refinery shutdown [Jul 30, 2011] Bulgaria said Saturday it had unblocked 1,800 tonnes of jet fuel from its state reserves to prevent a shortage at its airports, after its sole refinery halted production over a licencing row. [via YahooNews] More >>

Bulgaria to Unblock Aircraft Fuel Reserve over Lukoil Crisis [Jul 29, 2011] Bulgaria's government is about to tap into the state reserve of aircraft fuel to prevent shortages after revoking the licence of Russian oil giant Lukoil local refinery, the only in the country. "The move has to be taken because the country's airports will run out of stocks in a few days," Economy and Energy Minister Traicho Traikov told journalists on Friday afternoon. A governmental decision ... [via YahooNews] More >>

Bulgaria Sets Up Crisis HQs over Lukoil Revoked Licence [Jul 29, 2011] Crisis headquarters will monitor the situation on Bulgaria's fuel market after the local refinery of Russian oil giant Lukoil was forced to halt operations for at least a month and a half, the prime minister announced. Bulgaria's Economy and Energy Minister Traicho Traikov will head the headquarters, Boyko Borisov told journalists. It will also include Transport Minister Ivaylo Moskovski, head ... [via YahooNews] More >>

Lukoil refinery in Bulgaria halts operations [Jul 29, 2011] The Bulgarian refinery of Russian oil giant Lukoil is halting operations for at least a month and a half. [via YahooNews] More >>

Lukoil refinery in Bulgaria halts operations [Jul 28, 2011] The Bulgarian refinery of Russian oil giant Lukoil is halting operations for at least a month and a half. Lukoil Bulgaria CEO Valentin Zlatev said Thursday that the shutdown at the country's biggest refinery will be complete in the next 30 hours. [via YahooNews] More >>

Lukoil Bosses 'Already in Bulgaria' over Revoked License [Jul 28, 2011] Members of Russian oil major Lukoil management have urgently arrived in Sofia for talks over the revoked licenses of its refinery in Bulgaria to sell fuels, a former ambassador in Moscow has revealed. Ilian Vassilev told the Bulgarian national radio he knows who heads the delegation, but refused to disclose his name since "this type of negotiations are too discrete". Bulgaria's Neftochim, the ... [via YahooNews] More >>

Bulgaria's Biofuels Production Capacity Expands [May 06, 2010] Russian-owned refinery Lukoil Neftochim Burgas in Bulgaria has started producing a 2-percent blend of biodiesel, according to Biofuels International. [via YahooNews] More >>