Greece PM Set to Talk Bulgaria’s Borisov into Oil Pipeline Project

Greece PM Set to Talk Bulgaria’s Borisov into Oil Pipeline Project

Greece's prime minister is planning a diplomatic initiative in order to "revive" the stalled Burgas-Alexandroupolis oil pipeline project in which his country is a partner together with Bulgaria and Russia, media reports say.

George Papandreou, the Greek prime minister, is expected to pay a visit to the Bulgarian capital Sofia this month in a bid to convince his counterpart Boyko Borisov to unfreeze the project, Russian media claimed on Monday.

Greece, which the European Union is saving from defaulting on its foreign debt, has repeatedly called for the plan to move ahead as soon as possible in anticipation of investment and future transit fees.

The Greek government even plans to adopt a law, which will ease the implementation of the project by simplifying all technical procedures.

The Greek initiative comes a month after Bulgaria's Prime Minister Boyko Borisov unexpectedly said that his country was "giving up" on Burgas-Alexandroupolis oil pipeline project decision, and that construction on the planned Belene nuclear power plant had been suspended.

In a dramatic twist that left all of Europe confused, Borisov retracted his statements shortly afterwards, saying that the Bulgarian government hasn't made a final decision regarding the construction of the Burgas-Alexandroupolis oil pipeline and Belene nuclear power plant.

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