You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria extends term of concession deals with Oil and Gas Exploration and Production

Author Mario Tanev
Bulgaria extends term of concession deals with Oil and Gas Exploration and Production Photo: Bulgaria's government / All rights reserved.

SOFIA (Bulgaria), December 11 (SeeNews) - Bulgaria's government said on Wednesday that it has extended by 15 years the term of two of its concession contracts with local company Oil and Gas Exploration and Production [BUL:4O1].

The two contracts concern the Dolni Dabnik and Gorni Dabnik deposits in the Pleven region, the government said in a statement following its weekly meeting.

The contracts were signed for a 17-year period in 2003.

As at 14:05 CET on Wednesday, Oil and Gas Exploration and Production shares traded at 6.65 levs ($3.77/3.40 euro), unchanged from their previous closing price on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

Compare