Concession revenues to add some EUR 102mn to Bulgarian budget in 2012.

By bne IntelliNews September 26, 2012
Budget revenues from concessions will reach BGN 200mn (EUR 102mn) by the end of the year, economy and energy minister Delyan Dobrev projected. The amount is more than three times the initially projected inflow, mainly due to EUR 40mn received as one-off bonus from the consortium comprising Total, OMV and Repsol, which won concession contract for oil and gas exploration in Bulgarian offshore territories. The concession contracts for oil and gas exploration that the government signed in the past one year, will translate into BGN 500mn in capital investment and a substantial number of job openings, Dobrev added.
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