Chevron, Exxon Considering Burgas-Alexandroupolis Stake

Bulgarian Ambassador to the USA Elena Poptodorova, told Sofia News Agency that American companies are showing increased interest in various energy projects in Bulgaria and are researching their investment options.

Bulgaria’s Deputy Minister for Energy, Marii Kossev was in Washington DC this week to take part in the Global Shale Gas Initiative.  “Obviously, this is one of the areas where more US companies show interest,” Poptodorova explained.

US Ambassador to Bulgaria James Warlick has recently made public the interest of American companies in shale gas extraction projects in Bulgaria.

“I will be meeting with Chevron’s Vice-President Ian Macdonald on September 10. I will know more after the meeting,” said Poptodorova when asked about how US oil and gas giants view the large-scale future pipeline projects in Bulgaria – such as the Burgas-Alexandroupolis oil pipeline.

Unconfirmed reports say Chevron and Exxon Mobil would consider acquiring shares in the Burgas-Alexandroupolis pipeline, a Bulgarian-Greek-Russian project for transporting oil from the Black Sea and Caspian region to the Mediterranean by going around the Turkish Straits.

Source: Novinite.com