Sat, Nov 21 2009

RUSSIAN OIL COMPANY REPORTEDLY INVESTS IN BIO-FUEL PRODUCTION IN BULGARIA

Sat, Apr 21 2007 16:00 CET 631 Views

Russian oil company Lukoil reportedly installed production facilities for obtaining bio-fuel in its refinery Neftochim in the coastal city of Bourgas.

Four month ago the company installed the needed bio-fuel equipment in all oil stations in the country, Russian RBC daily reported as quoted by netinfo.bg.

Companies working within the sector think that the interest of oil companies in eco raw materials could lead to fundamental changes in the sector, the report said.

Lukoil did not comment on the information for the construction of bio-fuel facilities. Lukoil representatives said that they have discussed possibilities for investment in bio-fuel production but have never announced specific details on the volume of investment and production.

Lukoil has over 2500 oil stations in Europe, the largest number of which are located in Bulgaria.
More than two per cent of the current diesel production in the European Union (EU) is now replaced by bio-diesel.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.