Foreign Interest Surges in Bulgarian Property Market, Especially in Resorts
Real estate agents have reported a surge in property purchases by foreigners in Bulgaria's resorts and major cities like Sofia, Plovdiv, Varna, and Burgas
The Noble Globetrotter II will start drilling for oil and gas in the Black Sea block of Khan Asparuh off Bulgaria’s coast early next month, Total's General Manager for Bulgaria, Xavier Faugeras, has announced.
On Tuesday, Faugeras presented the exploration vessel at the Port of Burgas before leaving to the Port of Varna. From there the ship will proceed on Friday to the Khan Asparuh block to start drilling at water depths of 200 meters.
Initial seismic surveys related to the Khan Asparuh block as well as at the Silistar block are quite optimistic, Bulgaria’s Energy Minister Temenuzhka Petkova has said.
She based her optimism on the discovery of deposits of 84 billion cubic meters of natural gas in a neighbouring block in which Romania has been prospecting for hydrocarbons.
Exploration for oil and gas at Khan Asparuh would continue four or five months, Petkova said.
Bulgaria hopes to decrease its almost total dependence on gas imports from Russia if commercial deposits of hydrocarbons are discovered at the Bulgarian offshore blocks in the Black Sea.
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During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
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