The Exploration of Oil and Gas Deposits near Vratsa is Extended

Energy | May 9, 2018, Wednesday // 15:27|  views

The term for exploring the possibility of extracting oil and gas deposits near Vratsa has been extended with more than a year, the government decided at its regular session on Wednesday.

The Irish company Miziya Oil and Gas, which is licensed to research in Block 1-7 Tarnak, receives another 399 days to complete its work, which has been delayed by administrative procedures for transferring rights and obligations in connection with the study . The localities are situated on the territory of the regions of Pleven and Vratsa. The contract for exploration of Miziya Oil and Gas expires in February 2019.

Now, within a month, Energy Minister Temenujka Petkova has to sign an additional agreement with Miziya Oil and Gas (Bulgaria).

Tags: oil, gas, Vratsa


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