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Total, OMV and Repsol pay € 48m for Test Drillings in Bulgaria´s Black Sea

Published: September 22, 2012; 17:22 · (Vindobona)

Bulgaria wants to reduce its dependence on Russian energy. The consortium has paid € 48m to Bulgaria.

Total, OMV and Repsol pay € 48m for Test Drillings in Bulgaria´s Black Sea / Picture: © Flickr

In August, the consortium filed for a permit to start test drillings in the Bulgarian Black Sea. French Total, Austrian OMV and Spanish Respol expect massive natural gas resources in the Black Sea region.

This week, Bulgaria has already received € 48m from the consortium members, Energy Minister Delyan Dobrev said. According to Dobvrev, the money will be redistributed into…

This article includes a total of 209 words.

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