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.
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Bulgaria began requiring traders to have licences for gas trading in October. EWRC has been collecting applications for these licences throughout this year.