Recently Released Market Study: Bulgaria Oil & Gas Report Q1 2013
BMI View: Key refinery operator Lukoil has made peace with the Bulgarian authorities and appears committed to renewed downstream oil investment as well as showing interest in upstream activities. Meanwhile, Bulgaria's 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 ban on fraccing means there is little chance of progress, frustrating IOC partners involved in early deals.
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