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Bulgaria: Nearly 127 million litres of Russian crude oil is available in the Bulgarian market

As of January 1, 126.9 million litres of crude oil originating in or exported from Russia, and imported in Bulgaria based on an exception...

Bulgaria: Fuel exports exceeded 1 billion euros

The export of fuels in the period from January to August 2023 amounted to 2.2 billion BGB (around 1.1 million euros), according to data...

Bulgaria: SOCAR interested to purchase Lukoil’s business

Azerbaijan’s State Oil Company SOCAR is interested in purchasing the assets of the Russian company Lukoil in Bulgaria, local media reports. Local media claims that...

Russian sway on the Balkan oil and gas market remains strong

Russia may have largely lost its sway over Europe’s oil and gas market, but its position in the Balkans remains strong. The continued presence...

Bulgaria: Burgas refinery could be closed

Lukoil Neftochim Burgas issued a announcement related to an agreement on revoking the derogation granted by the EU Council for the import and processing...

Greece: Helleniq Energy eyes Lukoil refinery sale in Bulgaria

Helleniq Energy (formerly Hellenic Petroleum, ELPE), is keeping a close watch on the sale process of Lukoil’s refinery in Bulgaria, CEO Andreas Siamisiis has...

Latest news

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...

Transelectrica to invest over €2.25bn in Romania grid upgrades through 2035

Romanian transmission system operator Transelectrica plans to invest more than €2.25 billion between 2026 and 2035 as part of a ten-year grid programme. The...

US extends Lukoil Bulgaria sanctions exemptions to April 2027

OFAC general licences extend operating room for Bulgarian assets The United States has extended sanctions exemptions covering Lukoil’s Bulgarian businesses until April 24, 2027. The...