Bulgaria Joins Black Sea Oil and Gas Consortium with 10% Stake
Bulgaria has officially secured a 10 per cent stake in a consortium engaged in oil and gas exploration in the Black Sea, becoming a direct investor in the development of the country’s offshore energy resources.
The agreement was finalized on Thursday, with state-owned Bulgarian Energy Holding (BEH) joining OMV Offshore Bulgaria and Numed Energy Balkan Limited in a partnership covering the exploration rights for the “Han Asparuh” block. The signing ceremony was attended by outgoing Prime Minister Rosen Zhelyazkov and Energy Minister Zhecho Stankov.
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