Bulgaria

March 7, 2007

Bulgarian Minister meets with California government and corporate officials

“The Chevron Company is interested in participating in the Burgas – Alexandropoulos petrol pipeline. This became clear after the yesterday meeting between Rumen Ovcharov, Minister of Economy and Energy, and the company’s Vice President John McDonald, the press office of the Ministry of Economy and Energy announced. During his working visit in the USA Minister Ovcharov had a series of meetings with government bodies, non-government and financial organizations in the capital of California, Sacramento and the Silicon Valley. The chance for a bilateral memorandum between the Commission for Energy of California State and the Bulgarian Ministry of Economy and Energy had been discussed at a meeting with James Boyd, Energy Commissioner… In Cisco headquarters Minister Ovcharov met Robert Loyd, Senior Vice President for North America, Hilton Romanski, Investment Director, Laura Ipsen, Vice President Government Affairs. They made the Bulgarian minister aquainted with their plans the company to set up a fund, which would finance small and medium companies in the IT sector in Central and Eastern Europe.”

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