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Boyanov & Co has advised NewMed Energy Balkan on the acquisition of a 50% interest in the oil and gas exploration permit for the 1-21 Khan Asparuh Block from OMV Offshore Bulgaria.
NewMed Energy Balkan is a subsidiary of Israel-based energy company NewMed Energy.
OMV Offshore Bulgaria is a subsidiary of OMV Petrom.
According to Boyanov & Co, the permit covers an area in the exclusive economic zone of Bulgaria in the deep Black Sea.
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