Russia, Greece and Bulgaria to sign new pipeline agreement by year end
AFP, September, 2006
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ATHENS (AFP) — Russia has reached an agreement with Greece and Bulgaria to speed up preparations for a new 280-kilometre (174-mile) Balkan pipeline transporting Russian oil to Europe and the United States, a project stalled for the past 13 years. "We have set a timetable... to sign (the relevant) agreement in 2006," Greek Prime Minister Costas Karamanlis told a news conference on Monday, after holding talks with Russian President Vladimir Putin and Bulgarian President Georgy Parvanov in Athens.
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Originally drawn up in 1993, the plan envisages transporting Russian oil by sea to the Bulgarian port of Burgas, and from there by pipeline to the Greek Aegean Sea port of Alexandroupolis. A declaration signed by the three leaders on Monday pledges to speed up the process to create a project company, and to have a tripartite state agreement signed in the next three months. With an estimated cost of 900 million ...
