Bulgaria News

 

Bulgaria: Repsol Transfers Offshore Block Rights to Total, OMV

Jun 15, 2020

Bulgaria has granted Spain's Repsol permission to transfer 30% of the rights to explore a block off its Black Sea coastline for gas and oil to the other two rights holders.After the transfer, a unit of French oil company Total would hold 57.14% of the rights, while a unit of Austria's OMV would have 42.86%, the Bulgarian government said in a statement [last] Wednesday.The government extended a permit…

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