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 Antitrust, Italy Unbundles, Goldman Letter: Compliance [Mar 19, 2012] Bulgaria?s antitrust regulator said four fuel retailers including the Bulgarian units of OMV AG (OMV) of Austria, OAO Lukoil (LKOH) , Russian oil producer, Rompetrol Rafinare SA (RRC) and Petrol AD (5PET) are suspected of being involved in price fixing. [via YahooNews] More >>

Clinton to Urge Bulgaria to Seek New Energy Sources [Feb 05, 2012] During a brief visit to Sofia, US top diplomat is expected to call on Bulgaria to break its dependence on Russian oil, gas [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 >>

Transneft weighs options for Caspian JV oil routes [Dec 14, 2011] * Bulgaria opted to go out from trans-Balkan project * Samsun-Ceyhan oil pipeline deemed too expensive MOSCOW, Dec 13 (Reuters) - Russian oil pipelinemonopoly Transneft is looking for new routes to shipoil ... [via YahooNews] More >>

Bulgaria pulls out of Russia-Greece oil pipeline [Dec 07, 2011] Bulgaria said on Wednesday it was pulling out of a long-stalled pipeline project meant to bring Russian oil to Greece through its territory, but Athens and Moscow said they remained committed. [via YahooNews] More >>

Bulgaria abandons oil pipeline project with Russia, Greece [Dec 07, 2011] Sofia (dpa) - Bulgaria said on Wednesday it would withdraw from a joint pipeline project to carry Russian oil to Greece, citing possible accidents that could have an environmental impact and harm its tourism industry.Finance Minister Simeon Djankov said after a cabinet meeting that Russia and Greece would be informed of the decision and downplayed the possibility of them demanding that Sofia pay ... [via YahooNews] More >>

Bulgaria scraps oil pipeline with Russia, Greece [Dec 07, 2011] Bulgaria's finance minister says his country is pulling out of a pipeline deal to carry Russian oil through his country to Greece. [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 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 >>

Russia 'Insulted' by Bulgaria's Treatment over BA Oil Pipeline [Jul 01, 2011] Russian oil pipeline operator Transneft will soon consider if it is still expedient to attempt further cooperation with Bulgaria on the trans-Balkan Burgas-Alexandroupolis oil pipeline project, Transneft President Nikolai Tokarev said on Friday. Tokarev's statement comes after a week ago the Bulgarian government delayed further the controversial project for the Burgas-Alexandroupolis oil ... [via YahooNews] More >>

Bulgaria sees environmental threat from Russian oil pipeline [Nov 09, 2010] A planned pipeline to ship Russian oil to Greece could pose an environmental threat, Bulgaria said Tuesday, effectively stalling the project days before talks with Russian Prime Minister Vladimir Putin. [via YahooNews] More >>

Bulgaria, Greece fail to agree on Russian oil pipeline [Jul 27, 2010] Sofia - Bulgaria and Greece on Tuesday failed to agree on a 1.3-billion-dollar pipeline deal to transport Russian oil from Burgas to Alexandroupolis. [via YahooNews] More >>

Bulgaria, Greece fail to agree pipeline deal [Jul 27, 2010] Bulgaria and neighbor Greece have failed to resolve a dispute over a euro1 billion pipeline deal to transport Russian oil. [via YahooNews] More >>

Bulgaria to scrap oil pipeline with Russia, Greece [Jun 12, 2010] Sofia, June 11 (AP) Bulgaria dealt a blow today to Moscow's growing energy hold on Europe, announcing it would scupper a USD 1.21 billion pipeline deal to bring Russian oil to Greece due to environmental concerns stemming from the disastrous oil spill off the US coast. [via YahooNews] More >>