27 November, 2016
Bulgaria Govt OKs Oil, Gas Exploration Tender
The cabinet has approved plans to launch a tender for oil and gas exploration in Northwestern Bulgaria, the country’s poorest region.
A block located in the region of Vratsa will be open to exploration due to “interest from investors”, the government has announced.
A permit will be granted for a company to look for oil and gas within “Block 1-25 Vratsa-zapad” for a period of five years, with the right to extend activities twice for a period of two years.
Assessment of offers will be made in accordance with employment, environment, training and other measures proposed with regard to the project.
source: novinite.com
Advertisement
Latest Posts
- Construction at Adriatic Metals’ Vares high-grade silver project in Bosnia and Herzegovina is picking up speed
- North Macedonia, Central Asia Metals increases copper production
- Kazakhstan, KAZ Minerals increases copper production 26% in first nine 2022
- Modern mining companies are now going to more zero emissions and green eco-responsible extraction technologies
- Anglo Asian Mining announced the start of an expansion of its flotation plant
Popular Post
- What Are The Major Natural Resources Of Macedonia?
- Bosnia and Herzegovina, Discovered a gold deposit near Srebrenica
- Norwegian phosphate, vanadium and titanium raw materials discovery
- Lithium and rare earth elements discovered in Mongolia Khuut mine
- Who are the main players in the ore exploration business in Serbia
- Finland, Sibanye-Stillwater approved €588 million ($616m) investment to advance its Keliber lithium project
- Spain, Denarius will initially have an option to subscribe for a 51% stake in EMI
- How valuable is Kosovo’s mineral wealth?
- The raw truth of Europe’s raw materials
- Modern mining companies are now going to more zero emissions and green eco-responsible extraction technologies