RECENTLY DISCOVERED OIL DEPOSITS IN BULGARIA (ANALYSIS. PLANNED EXPORT OF CRUDE; PRICES)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80T00246A063500390001-4
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 23, 2016
• Document Release Date: July 18, 2013
• Sequence Number: 1
• Publication Date: July 10, 1962
• Content Type: REPORT

Declassified in Part - Sanitized Copy Approved for Release 2013/07/18: CIA-RDP80T00246A063500390001-4
INFORMA ION REPOR
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CENTRAL INTELLIGENCE AGENCY
This material contains information affecting the National Defense of the United States within the meaning of the Et
18, U.S.C. Secs. 793 and 794, the transmission or revelation of which in any manner to an unauthorized person is
S-E-C-R-E-T
NOFORN
COUNTRY Bulgaria
REPORT
&MKT Recently Discovered Oil Deposits DATE DISTR. 10 July 1962 50X1-HUM
in Bulgaria Cw1c,Isis.. pkanara ..?.xiDc..(7-
Oc c...,3/4-- ude- 3 pc't c-Q..a.) NO. PAGES
211144
REFERENCES RD
DATE OF
INFO.
PLACE &
DATE ACQ.
FIELD REPORT NO.
50X1-HUM
THIS IS
UNEVALUATED INFORMATION. SOURCE GRADINGS ARE DEFINITIVE. APPRAISAL OF CONTENT IS TENTATIVE.
1.
By the end of March 1962, new oil deposits had been dis-
covered in Bulgaria which were said to be suitable for
conversion into motor oil, gasoline, and other fuels.
50X1-HUM
50X1-HUM
/ Previously, Bulgarian crude oil had been relied
upon mainly as a source for lubricants only. Analysis of
the new deposits showed that the crude oil had a specific
gravity of 0.814 and contained approximately 0.1 percent of
sulphur.
2. It was planned that exports of the crude oil would amount to
25,000 tons during 1962. Deliveries were scheduled to start
sometime in May 1962, at the rate of 3,000 tons per month
for the first few months and at the rate of 5,000 tons per
month during the latter part of the year. Exports were to
be handled by the Industrialimport Agency located at
3 Pozitano Street in Sofia.
3. Industrialimport expected to sell at the-rate of $21.00 per
ton, f.o.b. Varna, a price corresponding to that of Algerian
crude oil of comparable quality. 50X1-HUM
S-E-C-R-E-T
NOFORN,
50X1-HUM
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STATE I X I ARMY I X I NAVY
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50X1-HUM
50X1-HUM
(Note: Washington distribution indicated by "X"; Field distribution by "*".)
INFORMATION REPORT INFORMATION REPORT
Declassified in Part - Sanitized Copy Approved for Release 2013/07/18: CIA-RDP80T00246A063500390001-4
50X1 -HUM
Declassified in Part - Sanitized Copy Approved for Release 2013/07/18: CIA-RDP80T00246A063500390001-4
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