Sensata in Sofia.
in Egyptian waters has boosted hopes of other such finds in the Eastern Mediterranean that could help meet Europe’s energy needs. Eni SpA chief exploration officer Luca Bertelli told a gas conference yesterday that his company’s “milestone” discovery of Zohr, estimated to hold 30 trillion cubic feet of gas, has reinvigorated the interest of other major oil and gas companies in the region. He said waters off Cyprus hold potential for new discoveries while exploration opportunities are coming up with Lebanon and Israel soon offering offshore areas, or blocks, to bidders for exploration licensing. Bertelli said Eni expects the first gas to start flowing from Zohr by the end of 2017. million euros. It said the 50-million-euro loan will be used for the refinancing of past and future investments, while the 10-million-euro loan will partially refinance the acquisition cost of the Arcania Business Center in Maroussi, northern Athens.
Sensata Technologies has opened its largest global testing facility in Sofia to support its automotive sensing technologies, the company said yesterday. Sensata, which has manufacturing sites in 13 countries, already employs 3,000 people in Bulgaria, where it produces pressure and high temperature sensors for the automotive market and operates a business center. In recent years, inexpensive labor, low taxes and an educated work force have encouraged dozens of car part producers and IT and business outsourcing companies to set up in the Balkan country.