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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

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