Enquiry Service of Legal Entities
RUSSIAN FEDERATION
Legal Base Rates/Prices
Application of data from the USRLE TIN (INN) check
Procedure of data provision Feedback
русская версия
 
Login:
Password:
Forgot password? Registration
Enquiry Service of Legal Entities



  Go to main page

Transneft, Bulgaria agree on Baikal oil pipeline

25.03.2009

MOSCOW, March 25 (RIA Novosti) - Russia's state pipeline operator Transneft has reached an agreement with the Bulgarian authorities on the proposed route of the Burgas-Alexandroupolis oil pipeline, the company said in a statement on Wednesday.

A Transneft delegation, led by Nikolai Tokarev, the head of Russia's oil pipeline monopoly, visited Bulgaria to discuss alternative pipeline routes. The delegation visited the country's parliament and met with Bulgarian Prime Minister Sergei Stanishev, Regional Development Minister Arsen Gagaouzov.

"Representatives from the Russian delegation came to a mutual understanding with everyone they met," said Alexander Tarakanov, the director general of Trans-Balkan Pipeline B.V., the company responsible for the pipeline construction.

Russia, Bulgaria, and Greece signed a memorandum on the Burgas-Alexandroupolis oil pipeline in April 2005. Once completed, the pipeline will pump 35 million metric tons of oil a year (257.25 million bbl), a volume that could eventually be increased to 50 million metric tons (367.5 million bbl).

Under an inter-governmental agreement signed in 2007, Russia holds 51% in the project company, while Greece and Bulgaria hold 24.5% each.


More news



Back to the news list
  News







Copyright © 2005- Enquiry Service of Legal Entities LLC.
All rights reserved.


Fax: +7(495) 540-56-12 (24/7)
E-mail: info@RussianPartner.biz