Russia Plans to Revive 'Frozen' Trans-Balkan Pipe
Russian oil company Transneft has not given up the Burgas-Alexandroupolis oil pipeline and plans to return to the project in the future.
Transeft vice-chair Mikhail Barkov stated at a forum in Moscow that his company plans to build the pipeline at a more favorable point in time.
"We will not leave the project behind. We are just freezing it, leaving the requisite amount of resources in it," said Barkov.
In December, Bulgaria, through which a large section of the pipe was to pass, gave up the project, with Minister of Finance Simeon Djankov saying that it is not profitable for his country.
This, it was feared, spelled the death of the pipeline project, set to deliver Russian oil from the Black Sea to the Aegean without shipping it through the Bosphorus.
But the Russian party has multiple times suggested that it will push the project forward jointly with Greece in one way or another, no matter Bulgaria's unwillingness.
- » The Bulgarian Academy of Science Report About Belene NPP will be Published After Editing
- » Americans will Build a New Electric Plant in Kosovo
- » Russian Gas Supplies to Italy have Resumed
- » Part of Europe Left Without Gas Due to the Explosion in Austria
- » Bulgargaz Wants to Raise the Gas Price by 3% from January
- » EUR 60 million is the Estimated Value of the Pipeline for the New Gas Connection with Greece