Armenia-Azerbaijan Tensions Spike: New Shelling Incident
Tensions between Armenia and Azerbaijan have surged once again, with Armenia accusing Azerbaijan of a deadly attack that claimed the lives of two soldiers and left several others injured
Speculations are rife about the potential buyer for Lukoil Neftohim Burgas refinery, with Azerbaijani state oil company SOCAR emerging as the primary contender, as reported by Trud newspaper.
Recent developments suggest SOCAR's interest in acquiring the refinery. In April 2023, SOCAR inaugurated an office in Sofia in the presence of the Bulgarian and Azerbaijani presidents, Rumen Radev and Ilham Aliyev. Concurrently, SOCAR Trading Gas and Power obtained a license from the Commission for Energy and Water Regulation to trade natural gas in Bulgaria.
Economist Evgeny Kanev and Delyan Dobrev, GERB's deputy and energy commission chair, have backed SOCAR as the potential buyer, indicating the geographical suitability of Burgas' production and logistics for raw material supply.
Industry experts highlight interest in the refinery from entities within the Black Sea region. SOCAR, known for its significant presence in Turkey with a substantial refinery, and Kazakhstan's KazMunayGas, the owner of Romanian Rompetrol, are among the speculated interested parties, as per Capital reports.
Notably, SOCAR's recent agreement with Lukoil involves a .5 billion loan to SOCAR and supplying the STAR oil refinery in Turkey with up to 200,000 barrels per day of Russian crude oil, according to Reuters.
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The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022