Unconventional oil
"We Continue the Change" Declared Against the Extraction of Shale Gas in Bulgaria
"From 'We Continue the Change' we are against the extraction of shale gas in Bulgaria", the co-chairman of the party Kiril Petkov told bTV.
Argentina to ease exchange control for oil and gas companies
Argentina on May 24 announced an easing of foreign exchange controls for the shale oil and gas industry in a bid to promote investment and boost production.
In an area known as Vaca Muerta in Patagonia, Argentina has what is considered the second-largest shale gas reserve in the world and the fourth largest of shale oil.
Eurostat: Bulgaria Ranks 4th with 102% Oil Import Dependency Rate Chart
In 2017 the European Union (EU) relied on net imports for 87% of its oil consumption. This ratio, known as the oil import dependency rate, is unchanged from 2016 and two percentage points below the peak of 89% recorded in 2015, Eurostat reported.