The first attempt at oil and gas prospecting off Silistar in the Black Sea has failed.
At the end of March “Shell International Exploration and Development Italia”, in which Shell has a 50 percent share, the Australian Woodside Energy – 30 percent, and the Spanish Repsol – the remaining shares, conducted three months of prospecting in Block Khan Kubrat.
The company is exploring one more section in the Northern portion of the Bulgarian Black Sea coast. According to Woodside Energy, deposits of hydrocarbons have been found near Silistar, but they are not suitable for commercial exploitation. The prospecting area has been sealed off and probes for future prospecting in the block are being undertaken.
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by the American and British Chambers of Commerce in Bulgaria. Minister Petkova emphasised that Bulgaria..
Deputy Foreign Minister Elena Shekerletova received the credentials of the new Italian Ambassador in Sofia, Marcello Apicella, the Foreign Ministry said. During the talks, both sides expressed satisfaction with the long-standing friendly relations and..
Bulgaria’s Minister of Energy Zhecho Stankov and Vanya Ivancheva, Country Chair Shell Bulgaria, signed a contract for oil and gas exploration in Bulgaria’s exclusive economic zone in the Black Sea. The ceremony took place at the Council of Ministers..
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Bulgarians, especially young people, need to understand that it is essential to have an employment contract to protect their labour rights, Labour and..
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