Russia, Bulgaria, Greece Agree on Balkan Oil Project

Business | October 1, 2004, Friday // 00:00| Views: | Comments: 0

Bulgaria, Russia and Greece are to sign a memorandum of mutual understanding on the Burgas-Alexandroupolis pipeline project within a month.

The head of the government staff of the Russian Federation and Minister of the Russian Federation Sergey Naryshkin talked to Bulgaria's Regional Development Minister Valentin Tserovski and they agreed that the three parties involved would meet by the end of October.

The Burgas-Alexandroupolis pipeline is a three-way venture involving Bulgaria, Russia ans Greece. The three countries have an equal participation in the project. The Bulgarian section is 166 kilometers and will run via seven municipalities in Southeastern Bulgaria.

Last year Bulgaria and Greece signed a memorandum on technical cooperation in the study and design of the Burgas-Alexandroupolis oil pipeline.
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