Related Articles
Forward article link
Share PDF with colleagues

Chevron lobbies Bulgaria to overturn frack ban

Chevron is trying to convince the Bulgarian government to overturn a ban on hydraulic fracturing (fracking) imposed earlier this year on the back of  environmental concerns

“Bulgaria came under a lot of environmental pressure. Our job is to better educate, which is what we need to do,” Ian MacDonald, Chevron vice president of Europe, Eurasia, and Middle East exploration and production, said. “You could [start] drilling in Bulgaria, but you’re not going to if you can’t take it to the next stage. Why spend the money?” Last year, Chevron was awarded a five-year exploration licence for the Novi Pazar block. The block could hold as much as 10 billion cubic metres (cm) of gas. If Chevron was to start producing gas in Bulgaria, it would come in direct competition with Gazprom as Bulgaria relies heavily on Russian imports. In 2010, Bulgaria imported 2.16 billion cm of

Also in this section
North Sea oil's rock hoppers
19 January 2018
Shell is happy to give the Penguins project a helping hand
Guyana—at the frontier
19 January 2018
ExxonMobil and its partner are racing ahead with their major Liza discovery in Guyana, at Latin America's exploration frontier. Others are struggling to replicate the success
Majors come calling for Brazil's pre-salt
16 January 2018
Shell and Petrobras were the big winners in Brazil's latest upstream bid round, along with backers of Brazil's oil reforms