Bulgaria grants firm gas trading licence
Bulgaria's Energy and Water Regulatory Commission (EWRC) said on December 9 it had granted a 10-year licence for natural gas trading to a local fuel retailer called Bent Oil.
Bent Oil, which belongs to another Bulgarian company called Vilet, has 2mn lev ($1.2mn) in registered capital, and earned 542mn lev in revenues and 10.8mn lev in profit last year.
Bulgaria began requiring traders to have licences for gas trading in October. EWRC has been collecting applications for these licences throughout this year.