Bulgaria Oil & Gas Report Q2 2014 - New Study Released
The Bulgarian business environment remains challenging, suffering from high levels of corruption and inefficiency, while a moratorium on hydraulic fracturing remains in place. Bulgaria's oil sector is uninspiring with limited new activity and a continued decline in domestic production. Upside in Bulgaria's oil and gas sector comes from the US$1.2bn investment to upgrade the Neftochim refinery which will add a 50,000 barrel per day vacuum distillation unit, and from the natural gas sector which is looking increasingly positive. New gas...
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