Bulgaria Temporarily Bans Fuel Exports to EU Following Lukoil Sanctions
Bulgaria's parliament temporarily banned on Friday exports of some fuels, mainly diesel and aviation fuel, to EU member states to ensure the stability of the local market following U.S. sanctions on Russia's Lukoil, which runs the country's biggest oil refinery.Last week, Bulgaria announced it would take measures to secure uninterrupted supplies of oil and oil derivatives after the U.S.
Bulgaria, Shell Sign Contract for Black Sea Gas and Oil Exploration
Shell signed a contract with Bulgaria's government on Tuesday (April 15) giving the oil and gas multinational major rights to explore for oil and gas in the Black Sea."With this contract, we are taking a significant step toward uncovering the deep Black Sea’s potential for future gas supplies," Bulgaria's Energy Minister Zhecho Stankov said.The contract will allow Shell to explore 4,000 square metres in the Block 1-26 Khan Tervel field.European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sour
