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Extraction of crude petroleum and natural gas, Industry Analysis, Bulgaria, 2016

The Extraction of crude petroleum and natural gas industry in Bulgaria was represented by 6 companies at the end of 2016, compared to 8 in the previous year and 8 in 2014. The industry's net loss amounted to BGN 19,538,000 in 2016.

The industry's total revenue was BGN 78,762,000 in 2016, down by 6.02% compared to the previous year. The combined costs of the companies in the Extraction of crude petroleum and natural gas industry reached BGN 96,832,000 in 2016, up by 54.44% year-on-year.

The industry's total revenue makes up 0.09% to the country's Gross domestic product (GDP) in 2016, compared
to 0.10% for 2015 and 0.19% in 2014. A total of 532 people were employed in the Extraction of crude petroleum and natural gas industry in 2016, compared to 610 in 2015 and 676 in 2014.

Most of the companies in the industry are based in Sofia, followed by Varna and Dolni Dabnik.

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