The price of oil has doubled in the last 12 months and it has increased by 8 dollars only for the last four days, informs cnn.com.

All know that the big investment funds pour money in futures, as if oil fields of Saudi Arabia will dry up tomorrow, but the overall picture of supply and demand has not changed dramatically in the last year.

Georgy Hadjiiski is the new chairman of the Board of Directors of TPP Maritsa Iztok 2 EAD, it was reported by the press centre of the Ministry of Economy and Energy. The decision was taken at a meeting of the Board of Directors of the Company held on 8 May, and the new president would assume his office today.

State officials in Panama
will switch to a reduced working day in order to save energy, said the
President Martin Erasto Torrijos, cited by AFP. He also called on citizens to
contribute by all means to the escape the regime in electricity consumption.

Another high-voltage transmission line will connect Bulgaria and Greece, as Economy and Energy Minister Petar Dimitrov agreed upon with his counterpart in Athens. Despite the increase of electricity shipment, the new link will also reinforce the electricity grids on the Balkans as a whole.

The biggest Italian energy company Enel starts to examine Sevlievo to set up wind energy parks on the territory of the municipality. The explorations will go on for around a year, the local administration informed.