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Bulgarian company is among the leaders in lavender oil production

Bulgaria is among the largest producers of lavender oil in the world. Nearly 100% of it is export-oriented. The highest demand is in the USA, Germany, France, Austria, The Netherlands, India, Great Britain, Spain, Canada, Marocco,..

07.04.24 08:50 |

Burgas refinery switches to oil from Kazakhstan, Iraq and Tunisia

According to the London Stock Exchange (LSE), in January Bulgaria replaced imports of Russian oil with imports from Kazakhstan, Iraq and Tunisia , reports BTA, citing Reuters.  Bulgaria has a derogation from the EU embargo against Russia, allowing it..

13.01.24 10:04 |
Delyan Dobrev and  Desislava Atanasova of GERB/SDS

Ruling majority divided over termination of derogation for use of Russian oil by Lukoil

“Not in the space of three days, yesterday Lukoil was ready to switch entirely over to non-Russian oil, with a reduced operating capacity for Neftochim, but enough to meet the country’s needs of fuel,” Delyan Dobrev, chair of the National Assembly’s..

16.11.23 12:10 |

There is no EC procedure against Bulgaria because of Lukoil

At this stage, there is no procedure launched by the European Commission against Bulgaria, EC spokesperson Daniel Ferrie said. This is how he answered the question whether there was an investigation against the country due to reports..

10.11.23 16:00 |
Delyan Dobrev

Dispute in government on the Lukoil case has deepened

On Monday, the three parliamentary groups supporting the government agreed that GERB-SDS and MRF would cancel the proposal to immediately end Lukoil’s derogation for import of Russian oil, if the refinery in Burgas paid nearly 750..

24.10.23 13:27 |
Minister Bogdanov

If "Lukoil Neftohim" does not keep commitments, the state will intervene

The Lukoil-Neftohim refinery in Burgas, which is the main supplier of fuel on the Bulgarian market, must continue to operate at maximum capacity and with non-Russian oil. This is what Minister of Economy Bogdan Bogdanov has told..

15.10.23 12:42 |

Traders and fuel producers predict rise in oil prices

The prices of mass fuels will exceed BGN 3 per liter . Such are the forecasts of the Association of Fuel Traders and Producers, as the price is expected to rise by around 8-9%.  Oil traders have warned that the removal of the derogation for..

26.08.23 17:23 |

Bulgarian Ports Infrastructure takes control over Rosenets oil port

The Bulgarian state enterprise "Ports Infrastructure" has received a license to operate the Rosenets oil port . This is what the Minister of Transport, Georgi Gvozdeikov, has told journalists. The minister arrived at the port to..

24.08.23 14:28 |
Sunflower fields near the village of Malko Yonkovo, Razgrad District

Bulgarian farmers are threatened by dumping of sunflower and milk powder

Bulgaria's Agriculture Minister Kiril Vatev has presented Bulgaria's problems with sunflower and milk powder to the EU Agriculture Council in Brussels. A good harvest is expected in Bulgaria, but due to the cheap import of sunflower and oil from..

26.07.23 10:51 |

Out of all European countries, the war in Ukraine has affected Bulgaria most: State Intelligence Agency report

To attain its goals in the European countries, Russia has continued to use a vast array of hybrid tools. This is one of the principal conclusions in the 2022 annual report by the State Intelligence Agency (SIA). The report emphasizes that out of..

11.07.23 08:40 |
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