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Balkan Oil Pipeline Project Viewed in Moscow

Balkan Oil Pipeline Project Viewed in MoscowA two-day meeting of the tripartite committee on the construction of the Burgas-Alexandroupolis oil pipeline is opening in Moscow on Wednesday. Representatives of Russia, Greece and Bulgaria will participate in the meeting. The tripartite committee must consider the feasibility study of the project so that the three delegations recommend their governments to sign the political memorandum on building the oil pipeline, the press department of the Embassy of Greece in Moscow reported, quoted by Russian news agency RIA Novosti. The project envisages oil from Russia and the Caspian Sea basin countries to be carried from Novorossiisk to Bulgarian port of Burgas, from there - to the Greek city of Alexandroupolis, and then to the West-European countries. This project is the alternative to oil transportation through the Black Sea straits which are currently substantially overloaded. The total stretch of the Burgas-Alexandroupolis route is to be about 300 km, the diameter of the pipeline being 1,000 mm and the pumping stations numbering two or three. The total cost of the construction is up to USD 700 M.

10 March 2005 - Sofia News Agency

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