Economy
Bulgarian-Chinese Car Models Debut in Veliko Tarnovo
Two of the cars of the Chinese motor company Great Wall to be made in the Bulgarian city of Lovech made their debut, the site "Automedia.bg" informs. The models Hover and...
Russia Halts Oil Export, Bulgaria Demands Guarantees
1 min read Source: Novinite
From our news archive: this article was published in May 2011. Figures and rules may have changed since.
Bulgaria's Economy and Energy Minister, Traicho Traikov, has asked for guarantees from Russia for enough fuels for the country's market amidst reports that the Federation is halting oil export.
On Sunday, on the grounds of an unprecedented global fuels crisis, Russia stopped exporting oil products with Russian media reporting that fuels export tax has gone up on May 1 by 44% to reach USD 408 per ton. With the measure, the Russian government aims at making oil products export less profitable and to overcome the crisis on its internal market.
Traikov has asked guarantees from the only oil refinery in Bulgaria – Lukoil Neftohim Burgas. An official response is yet to be received.
Darik radio cite their own sources saying the refinery imports only raw oil, not oil products, meaning the Russian decision would not have a direct effect on the volumes for Bulgaria.
It also remains unclear how the latest developments will influence raw oil prices, and consequently, fuel prices in Bulgaria.
Originally published by Novinite.
More Economy news
Economy
Economy
WikiLeaks: Bulgaria N-Plant Manager Forced to Shut Up over Incident in 2006
The manager of Bulgaria's sole nuclear power plant Kozloduy has been threatened with being "knocked off" unless he keeps quiet about an incident on the first day of March...
Economy
JTI,КТ&G, Philip Morris Eye Bulgaria's State Tobacco Giant
Korea's КТ&G, Japan Tobacco International, Philip Morris and a few financial investors have declared interest in the privatization of Bulgaria's state cigarette producer...
