Bulgaria's Participation in Burgas-Alexanroupolis Project

Bulgaria's Participation in Burgas-Alexanroupolis Project

The Bulgarian government has expressed good will and understanding with respect to the future of the Burgas-Alexandoupolis oil pipeline, according to Vladislav Emelyanov, CEO of Trans-Balkan Pipeline.

Speaking at a news conference in Sofia Thursday night, Emelyanov revealed that a delegation of the Trans-Balkan Pipeline, the joint company of Bulgaria, Greece, and Russia set up to construct and run the controversial pipeline, had been holding talks with the Bulgarian government for two days, including with the Bulgarian Finance Minister Simeon Dyankov. The Finance Ministry is in charge of the Bulgarian participation in the project.

"The Burgas-Alexandroupolis project will bring considerable benefits not just to Russia, as is usually believed, but also to these countries where it will be realized. This is a goose laying golden eggs," explained Emelyanov while mentioning only the fact that more than EUR 1 B are planned to be invested in the construction of the pipe, which is supposed to bring Russian and Caspian gas to the Mediterranean through Bulgaria and Greece, by going around the Turkish straits.

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