US Ambassador to Bulgaria: Do You Really Want to Chase Away Chevron?

Business » ENERGY | January 18, 2012, Wednesday // 10:21
Bulgaria: US Ambassador to Bulgaria: Do You Really Want to Chase Away Chevron? US Ambassador in Sofia, James Warlick, believes tha country's government should think twice before chasing away Chevron. BGNES

Bulgaria should think twice before expelling US energy giant Chevron from its territory, American Ambassador to Bulgaria James Warlick has stated.

In an interview for the Nova TV private channel, Warlick pointed out that Chevron could pour millions of USD in investments in Bulgaria and create jobs if it is not stopped from researching the country's shale gas deposits.

The Ambassador pointed out that Chevron has no other interests in Bulgaria besides shale gas and would be forced to leave the country if its opportunities are curbed. He added that the company is doing business all over the world and is not desperate to work in the Balkan country.

Even though the US diplomat admitted that no completely safe ways for extracting energy exist, he reminded that Chevron has explored many shale gas deposits all over the world in a reliable manner.

Bulgaria's parliament will vote on Wednesday the proposed ban on the use of hydrofracking technology in the extraction and exploration of gas and oil in Bulgaria.

The text is included in a draft proposal of the Parliamentary group of the ruling, center-right Citizens for European Development of Bulgaria party, GERB.

The proposal points out that the ban includes the use any technology involving the propagation of fractures in a rock layer caused by the presence of pressurized water or other fluid. It also bans extraction of shale gas, gas from coal, and of oil from sands on the territory of the Republic of Bulgaria and its territorial waters.

On Saturday, the latest in the series of environmental protests took place in several cities across Bulgaria, with thousands of citizens gathering to rally against what they see as a great environmental danger posed by the potential use of the hydrofracking technology for shale gas exploration and extraction in the northeastern parts of the country.

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Tags: US Ambassador, James Warlick, Chevron, energy, shale gas, hydrofracking, hydraulic fracturing, GERB
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