News

From Bulgaria
26.10.2016 11:36

NEK, Atomstroyexport Agree on Arbitration Settling Terms

Bulgaria’s National Electricity Company (NEK) and Russia’s Atomstroyexport have signed an agreement for the final settling of their relations ruled by the decision of the International Court of Arbitration in Geneva, the Bulgarian Ministry
24.10.2016 13:00

Bulgarian MP Delyan Dobrev Gives Up His Parliamentary Immunity

Bulgarian MP Delyan Dobrev will give up his parliamentary immunity today at 16.00 EET, the press centre of the GERB parliamentary group said in a statement. Earlier today the Prosecutor General of Bulgaria Sotir Tsatsarov has requested that Dobrev’s
19.10.2016 11:44

Bulgaria: Ex-Economy Minister Indicted for Belene NPP Case

The Bulgarian Prosecutor’s Office issued an indictment of former economy minister Peter Dimitrov for abeyance in relation to the unfavourable contract for the sale of equipment produced for the cancelled Belene NPP, BTA reported. According
18.10.2016 16:20

Bulgaria: Management Shifts in Three Energy Companies

Bulgaria’s Ministry of Energy announced today that it has initiated shifts to the management boards of three companies with state participation – the ICGB, State Enterprise Radioactive Waste (SERAW) and Lukoil Neftochim. Ex-regional
17.10.2016 15:24

Shell Drillship Already in Varna (Delyan Dobrev)

The vessel hired by oil giant Shell to look for oil and gas in the Bulgarian Black Sea block Silistar has already reached the port of Varna, ex-energy minister and chairman of the energy commission in the Bulgarian parliament Delyan Dobrev said in
17.10.2016 12:51

Delyan Dobrev: Turkish Stream Is Not Supported by Economic Logic

Even though Turkey and Russia signed an intergovernmental agreement for the construction of planned gas pipeline Turkish Stream last week, the project remains unfeasible, Bulgarian ex-energy minister and current chairman of the parliamentary energy
17.10.2016 11:45

Two Ex-CEOs of Bulgaria's NEK Accused of Concluding an Unprofitable Deal

Two ex-CEOs of Bulgaria’s state-owned National Electricity Company (NEK) – Lyubomir Velkov and Mardik Papazian – have been accused by the Sofia City Prosecutor’s Office of concluding an unprofitable deal which caused damages
12.10.2016 13:15

Bulgarian Energy Minister Departs to Moscow for Belene NPP Talks

Representatives of the state-owned Bulgarian Energy Holding, its subsidiary the National Electricity Company (NEK) will meet with counterparts of Russia’s Rosatom and Atomstroyexport for the second assembly of the common work group recently
06.10.2016 14:09

Bulgaria’s Chiren Underground Gas Storage Full at 77%

Bulgaria’s only underground natural gas storage at Chiren, near Vratsa, is full at 77 per cent, data from the state-owned gas grid operator Bulgartransgaz show. On October 3, Chiren held 422.881 million cub. m of gas. The maximum capacity
05.10.2016 18:10

Four More Companies Interested in Second Phase of IGB Market Test

Four companies which have partaken in the first phase of the market test of the Greece – Bulgaria gas interconnector (IGB), have stated their interest for its second phase, Bulgarian energy minister Temenuzhka Petkova announced today. Petkova
30.09.2016 14:59

SOCAR Re-Confirms Capacity for Bulgaria – Greece Gas Interconnector

Azerbaijani state-run company SOCAR has re-confirmed the reserved capacity for the Bulgaria – Greece (IGB) gas interconnector during a visit of Bulgarian vice-energy minister Zhecho Stankov in Baku.   The first phase of the market test
29.09.2016 11:05

White & Case Presented an Opinion on the Belene NPP Arbitration

Law firm White & Case has presented an opinion on the Belene NPP arbitration case stating that the decisions of the Geneva Court of Arbitration in the Atomstroyexport (Russia) - NEK (Bulgaria) litigation are final and mandatory. They cannot be
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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