At its regular weekly session, the Council of Ministers in Sofia decided that the deadline for searching and exploration of oil and natural gas in “Block 1-21 Khan Asparuh” would be extended by two years at the request of the licensees - Total, OMV and Repsol.
The block is located in the exclusive economic zone of Bulgaria in the Black Sea and is being explored on the basis of a contract that expired at the end of January.
During the two-year extension, additional geological and geophysical works and seismic surveys, worth 3 million euros, will be carried out.
On Wednesday, the weather will remain cloudy in most of the country. There will be light snowfall in some areas, mainly in Southern Bulgaria. It will rain in the southeasternmost regions. More significant cloud breaks will occur overnight and in the..
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Bulgaria has no errors in the absorption of EU funds in agriculture and natural resources for 2023, according to the annual report of the European..
The Department ''Economics of Natural Resources'' and the Scientific Research Center for Agrarian Business and Nature Use at the University of National..
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