US Deputy Assistant Secretary of State for Europe and Eurasia Matthew Bryza declared his support for the construction of the Burgas-Alexandroupolis oil pipeline.

Matthew Bryza made this statement during his visit to Greece, where he attended the Energy Ministers meeting in Thessaloniki within the framework of the Hellenic Chairmanship in office of the SE European Cooperation Process.

According to Bryza the Burgas-Alexandroupolis oil pipeline is a very promising and commercially reliable project, which attracts the companies' interest.

He reiterated that Greece regards as very important the participation of US companies in the construction of the pipeline due to their expertise in environmental protection.

"That is why we hope the project will be successful and we'll be glad to support it," Matthew Bryza told ANA-MPA agency.

Bulgaria, Greece and Russia agreed to resume the long-delayed project of Burgas-Alexandrupolis oil pipeline in November 2004.

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, as well as the financing parts have kept the project on the drawing boards for about a decade.

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