Latest news

Shell will search for oil and gas in block offshore Bulgaria

Bulgaria has chosen Royal Dutch Shell to perform deepwater oil and gas exploration off its Black Sea coast and intends to ink an agreement by the end of October, expecting that the project will aid reduce its dependence on imports from Russia.

read more... 30/09/2015


Bulgaria authorizes electricity price cut deal with ContourGlobal

Bulgaria's energy regulator on Thursday approved the electricity acquirement deal between U.S. power firm ContourGlobal and the Balkan country's public electricity supplier NEK.

read more... 28/08/2015


Total might begin Bulgaria offshore drill in early 2016

French oil company Total declared on Monday it was on the way to begin drilling for oil and gas at an exploration location off Bulgaria's Black Sea coast early next year.

read more... 19/08/2015


Bulgaria enforces 5% revenue tax on electricity producers, importers

Bulgaria will enforce a 5 percent tax on profits for power producers and importers since it aims to reduce a deficit at its state-owned utility, as decided by its parliament on Wednesday.

read more... 23/07/2015


Greece, Bulgaria will sign IGB gas pipeline agreement soon

Greece and Bulgaria will sign an agreement in the next weeks to construct a gas pipeline linking the two countries, part of the Southern Corridor infrastructure scheme to transport Caspian gas to Europe, as stated by two Greek energy ministry officials on Friday.

read more... 15/06/2015