firms products
Signing of Balkan Oil Pipeline Construction Fixed

Signing of Balkan Oil Pipeline Construction FixedBulgaria, Greece and Russia are to sign an intergovernmental memorandum on the construction of the Burgas-Alexandrupolis oil pipeline by March 15. This was announced by Greece' Deputy Minister of Energy Georgios Salagudis at a press conference in Moscow, quoted by RIA Novosti. The three sides appealed to their governments to sign the memorandum by March 15 after viewing the results of the trilateral working comission. Representatives of the three countries met in the Russian capital to negotiate over the oil pipeline construction at the invitation of Russia's Minister of Industry and Energy Viktor Khristenko. Bulgaria, Greece and Russia agreed to renew the long-delayed construction of Burgas-Alexandrupolis oil pipeline in November 2004. The oil pipeline is meant to connect the Black Sea port of Burgas, Bulgaria, with Greece's northern Aegean port of Alexandrupolis. Initially developed in the mid 1990s, the pipeline is projected to transport Russian crude oil along a land route that bypasses the traffic-congested Bosphorus and Hellespont straits. Concerns over the project's viability, ownership share, a guaranteed supply of oil and the financing parts have kept the project on the drawing boards for about a decade.

28 January 2005 - Sofia News Agency

No comments

more from industrial sites

Privacy policy Terms of use   Home Print  
About us Contact us Advertise Partners
  Created by