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Bulgaria to pay 6.5 mln euro under oil pipeline project

Tags: oil pipeline, Business, News, World
 
Jul 28, 2010 20:40 Moscow Time
Oil pipeline. Photo: RIA Novosti
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Bulgaria will pay 6.5 million euros under a project to build a 300-kilometer oil pipeline from the Bulgarian port of Burgas to Alexandroupolis in Greece.

A statement to that effect was released after a meeting in Moscow between ‘Trans-Balkan Pipeline’ Chief Executive Vladislav Yemelianov and Bulgaria’s Vice-Premier Simeon Dyankov.

The pipeline with a capacity of 35 million ton a year will pump oil bypassing the crowded Bosporus and Dardanelles.

Russia, Bulgaria and Greece clinched this deal in 2007.

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