Shell finished initial exploration of the Black Sea shelf – Bulgaria, 28 February 2017

Royal Dutch Shell announced that it has concluded exploration activities on the Black Sea shelf in early January 2017. The company holds licenses for 1-14 Silistar block in the Bulgarian part of the Black Sea. The company will now analyze the data collected during the initial survey over a period of six months but, according […]

Production and deliveries of energy products in December – Bulgaria, 28 February 2017

According to Bulgarian National Statistical Institute, the production of electricity in December 2016 increased by 18.1 % compared to November, to 4,551 GWh, while deliveries of electricity also increased by 18.7 % on monthly basis and amounted to 3,603 GWh. Production of natural gas in December 2016 increased by 36.4 % compared to the previous […]

TPP Maritsa East 3 profit dropped in 2016 – Bulgaria, 28 February 2017

According to the annual financial report, Bulgarian coal-fired thermal power plant Maritsa East 3 recorded consolidated net profit in the amount of 3.4 million euros in 2016, which is significantly lower than almost 9 million euros profit posted in 2015. Total consolidated revenues fell to 8.75 million euros in 2016, compared to last year’s 15.9 […]