Russia Calm after Bulgaria Quits BA Pipeline, Will Seek Damages - Press

Business » ENERGY | December 8, 2011, Thursday // 11:07| Views: | Comments: 1
  • Send to Kindle

The Russian press has widely commented Thursday the Bulgarian government's decision to quit the joint Russian-Bulgarian-Greek Burgas-Alexandroupolis oil pipeline.

Bulgaria has been postponing its decision whether to continue the pipeline project for too long, and Russian company Transneft had the time to brace for such a scenario, writes Vzlyad.

The paper, joined by Kommersant, also says that Russia has other options, such as pressing the Samsun-Ceyhan pipeline that is to travel from the Black Sea to the Mediterranean via the territory of Turkey.

The Burgas-Alexandroupolis oil pipeline has not been all that vital to Russian energy interests, conclude commentators.

Nevertheless, Kommersant writes that the Russian and Greek parties to the project are not likely to let Bulgaria go easy and will press for greater damages than Bulgaria expects.

Bulgarian Minister of Finance Simeon Djankov stated Wednesday that the Bulgarian cabinet has taken into account all legal points, and expects to pay no more than EUR 6.7 M.

The Vedomosti paper adds that the procedure for Bulgaria's exit from the project is likely to be discussed next Wednesday at a meeting of the project company Trans Balkan Pipeline.

The construction of the Burgas-Alexandroupolis oil pipeline has long been hampered by the uncommitted position of the Bulgarian government headed by PM Boyko Borisov.

The Bulgarian side has variously claimed the project is not economically profitable for Bulgaria, that the government has no money to execute it, and that it is environmentally hazardous.

The 280-km pipeline, planned to link the Black Sea port of Burgas to Alexandroupolis on the Aegean Sea in Greece, is designed to transport 35 million tons of oil a year, with a possible expansion to 50 million tons, to ease the tanker traffic burden in the Bosphorus and the Dardanelles straits.

Energy » Be a reporter: Write and send your article
Tags: Kommersant, Russian, Russia, Greek, greece, Vedomosti, Vzglyad, oil pipeline, oil, Burgas, Burgas-Alexandroupolis, Burgas-Alexandroupolis oil pipeline, Transneft, Burgas, Alexandroupolis, Simeon Djankov, Boyko Borisov
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (1)
#1
sa-sha - 8 Dec 2011 // 12:49:09

Sovereign decision of BG, indeed. But is the huge oil-tankers traffic less dangerous?
That is the question.

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria