Recently Released Market Study: Bulgaria Oil & Gas Report Q3 2012
BMI View: Infighting between local authorities and key refinery operator Lukoil hardly bodes well for the downstream oil segment, while upstream prospects rest on early and significant success at Black Sea drilling operations. It had been thought that shale gas prospects could stimulate long-term supply, but the proposed ban on fraccing means rapid progress is unlikely. Meanwhile, energy import dependency creeps steadily higher.
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