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Article: Melrose resources to distrubite gas in Bulgaria.
- Article from:
- M2 Presswire
- Article date:
- November 8, 2001
CopyrightCOPYRIGHT 2001 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-8 November 2001-UK Government: Melrose resources to distrubite gas in Bulgaria (C)1994-2001 M2 COMMUNICATIONS LTD
RDATE:08112001
Melrose Resources plc recently signed an agreement with Bulgargas to supply natural gas in Bulgaria after receiving assistance from Trade Partners UK. This landmark deal is the first offshore development in the oil and gas sector in Bulgaria.
Petreco, a subsidiary of the Edinburgh-based exploration, development and production company will invest GBP45million in a production platform and new pipelines, creating 500 jobs in Bulgaria. Under its agreement, Melrose plc will supply 10% of Bulgaria's ...
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