INVESTMENT NEWS
Petroceltic to invest $4 million in Bulgaria in 2014
Photo: petroceltic.com
Irish oil and gas exploration and production company Petroceltic International said it will invest $4 million in Bulgaria this year. The company has acquired Melrose Resources in 2012 and obtained the rights for exportation and extraction of gas in block “Galata” in the shelf of Black Sea. The total include $2 million for development and $2 million for exploration activities.
The company has invested $49 million in Bulgaria in 2013.
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Petroceltic to invest $4 million in Bulgaria in 2014
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