"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 Bulgaria and Greece. This company still exists”, said Valentin Nikolov, Chairman of the Bulgaria World Energy Council Committee. Russia never gives up on its strategic decisions, said Valentin Nikolov who supports the renewed concept for an oil pipeline bypassing the Bosphorus. It will allow the oil refinery in Burgas and refineries in Romania to have direct access to oil from the Middle East and the Mediterranean.
"The point is not to turn the Alexandroupoli – Burgas oil pipeline into a Burgas - Alexandroupoli pipeline at some point. We have to limit such an option because in case of a change in the geopolitical situation Russia will in any case show interest in this oil pipeline," the expert warns.
Today is the first working day of the new regular government and this is perhaps a time for all sectors of the Bulgarian economy to heave a sigh of relief. Indeed, one reason is that the limited powers of any caretaker government largely..
Bulgaria is joining the project for the construction of a submarine electric cable in the Black Sea, caretaker Minister of Energy Rosen Hristov said after a meeting of the steering committee for the construction of the green energy corridor from..
Natural gas prices should drop by 15% as of June 1. This proposal was submitted to the Commission for Energy and Water Regulation by the executive director of Bulgargaz, Denitsa Zlateva. Initially, on May 11, it was discussed that the reduction..
Bulgaria is joining the project for the construction of a submarine electric cable in the Black Sea, caretaker Minister of Energy Rosen Hristov said..
Today is the first working day of the new regular government and this is perhaps a time for all sectors of the Bulgarian economy to heave a sigh of..