Go ahead for Balkan oil pipeline

Plans to build a trans-Balkan oil pipeline from the Black Sea to the Mediterranean have been approved by Russia, Bulgaria and Greece, April 2005. The aim of the pipeline is to allow Russian crude exports to sidestep the congested Bosphorus Strait.

EU Energy Commissioner Andris Piebalgs welcomed 15 March 2007 the signature of an agreement between Russia, Greece and Bulgaria on the construction of the Burgas-Alexandroupolis pipeline. This new infrastructure will link the Bulgarian Black Sea port of Burgas with the Greek Mediterranean port of Alexandroupolis. The Construction of this pipeline will reduce the increasing pressure of maritime oil transport through the Bosphorus and the Dardanel straights.

Wikiepdia: Burgas-Alexandroupoli pipeline http://en.wikipedia.org/wiki/Burgas-Alexandroupoli_pipeline

BBC News, 15.3.07: Russia clinches Balkan oil deal http://news.bbc.co.uk/1/hi/world/europe/6453153.stm

European Commission: Press Release: IP/07/335: Commissioner Piebalgs welcomes the agreement on the construction of the Burgas-Alexandroupolis oil pipeline http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/335&format=HTML&aged=0&language=EN&guiLanguage=en

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