Shell Seals Offshore Oil and Gas Deal With Bulgaria - gCaptain
▻https://gcaptain.com/shell-signs-offshore-oil-gas-exploration-accord-with-bulgaria
Royal Dutch Shell Plc signed a five-year contract for oil and natural gas exploration in the deep waters of the Black Sea off the Bulgarian coast, which will enable the Balkan nation to reduce its reliance on Russian energy imports.
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Bulgaria imports all its gas from Russia and is seeking to diversify supplies after they were cut for two weeks in 2009 following a price dispute between Ukraine and Russia. The European Union’s poorest state spends about $1 billion a year on gas imports.