Canadian company Sterling invested 130 million dollars in Midia and Pelican sea blocks

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Sterling Resources has invested 130 million dollars , as of 1992, in the Media and Pelican blocks in the Black Sea, without finding areas that can be capitalized on, general manager of Sterling Resources told Thursday the participants in a press conference on energy.
There is much to be discovered in the unexplored areas of the Black Sea, and it is important that the authorities observe the closed contracts, recognize the property right and encourage the support for the maintenance of the national infrastructure in order to deliver natural gas and oil to the market, he said.
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