Bulgaria, Shell Sign Contract For Black Sea Gas And Oil

Shell Secures Oil and Gas Exploration Rights in Bulgaria’s Black Sea

Shell has recently signed a contract with Bulgaria’s government, granting the multinational significant rights to explore for oil and gas in the Black Sea. Bulgaria’s Energy Minister expressed optimism about the contract, emphasizing the importance of uncovering the Black Sea’s potential for future gas supplies. Shell aims to leverage its technology and expertise.

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Bulgaria Proposes Multinational Maritime Coordination Center for Black Sea Security

Bulgaria’s proposal for a multinational maritime coordination center in the western Black Sea aims to enhance shipping safety. Prime Minister Zhelyazkov presented the initiative in Paris, emphasizing the country’s commitment to maritime security. By hosting the center, Bulgaria seeks to lead efforts in promoting cooperation among Black Sea countries to address security challenges effectively.

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