Bulgaria Govt Extends Oil, Gas Exploration Permit of Rusgeokom BG

Business » ENERGY | January 4, 2013, Friday // 14:40| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria Govt Extends Oil, Gas Exploration Permit of Rusgeokom BG Photo by Sofia Photo Agency

Rusgeokom BG will be allowed to expand the area and the parameters of its oil and gas exploration activities in the district of Dobrich, northeastern Bulgaria.

According to a decision of the Bulgarian government promulgated Friday in the State Gazette, the company will also have an additional year to conduct exploration activities.

The contract of the Bulgarian government with Rusgeokom BG for oil and gas exploration activities was signed on February 4, 2004 and has been extended several times.

The drilling is conducted by Geoinformservice, a Hungarian subcontractor of Rusgeokom BG, according to reports of investor.bg.

The company will be able to conduct oil and gas exploration activities on a territory of 750.4 square kilometers of the Dobrich bloc.

Control on the implementation of the oil and gas exploration contract is implemented by Delyan Dobrev, Minister of Economy, Energy, and Tourism.

Energy » Be a reporter: Write and send your article
Tags: Bulgarian government, oil and gas exploration, Dobrich, Northeastern Bulgaria
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria