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.
Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..
The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..
Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..
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