Bulgaria is set to take an active role in oil and gas exploration in the Black Sea , joining forces with international energy companies OMV and NewMed, outgoing Energy Minister Zhecho Stankov announced. For the first time in recent history, the Bulgarian state will not limit itself to collecting concession fees, but will hold a direct stake in the exploration projects. The government’s share will amount to 10 percent. Under the agreement, Bulgaria will not bear any costs for the three drillings

Tag-uri: OMV