Russia Expresses Readiness to Renew Talks on Burgas-Alexandroupoli Pipeline

Russia Expresses Readiness to Renew Talks on Burgas-Alexandroupoli Pipeline

Russia expressed readiness to renew negotiations on the construction of the planned oil pipeline between the Bulgarian Black Sea city of Burgas and the Greek Aegean Sea port of Alexandroupoli. 
This was announced by Russian Energy Minister Alexander Novak at the Saint Petersburg International Economic Forum (SPIEF) on Friday, TASS news agency informs. Novak said that the discussion will take place on Friday at his forthcoming meeting with Bulgarian Energy Minister Temenuzhka Petkova. 
The intergovernmental agreement on the construction of the pipeline was signed between Bulgaria, Greece and Russia on 15 March 2007. The pipeline was meant to supply Russian oil to Alexandroupoli through Bulgarian territory, bypassing the busy Bosphorus and Dardanelles straits. The pipeline was projected to have a length of 285 kilometres with an initial annual capacity of 35 million tonnes of oil, which was foreseen to increase to 50 million tonnes. 
In December 2011, the Bulgarian government announced its withdrawal from the project and the majority of Bulgarian MPs voted in favour of terminating the intergovernmental agreement on the construction of the pipeline as it was deemed not economically sound. 
Greek Energy Minister Panagiotis Lafazanis expressed similar interest towards renewing the talks on the pipeline, as the country was aiming to become the energy hub of the region.
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.