Bulgarian Ministry of Energy announced that the collection of concession revenues in the first three months of 2017 improved by 23 % compared to the same period in 2016.
Between January and March 2017, the Ministry collected a total of 14.15 million euros in concession revenues, accounting for over 81 % of the annual target for this year. For comparison, 58.4 % of the annual target were collected in the first three months of 2016. The target is same in both 2016 and 2017 – 17.4 million euros.
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Tags: Bulgaria, concession, gas, hydrocarbons, oil, regulation, royalties