Lukoil mulls renewable energy projects in Bulgaria, Romania.

By bne IntelliNews May 26, 2011
Russias oil major Lukoil has set up a joint company (50%/50%) with Italys ERG Renew (part of ERG Group), named LUKErg Renew, to run wind and solar energy projects in Bulgaria and Romania and later in Ukraine and Russia, Dnevnik Daily reported. The business plan should be approved by the end of the year. No investment values or deadlines have been disclosed so far. Lukoil owns the countrys oil refinery in Burgas Lukoil Neftochim and the petrol retailer Lukoil Bulgaria.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss