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22/04/2024
Mining NewsUncategorized

Bulgaria to Keep Burgas–Alexandroupoli Pipeline Project for Russian Oil

The suspended Burgas–Alexandroupoli oil pipeline project for bringing Russian oil into southern Europe has not been closed and may be resumed, Nikolai Tokarev, the president of Russia’s Transneft oil transport company.
The pipeline was planned to diversify supply routes for Russian oil, bypassing Turkey’s Bosporus and the Dardanelles straits before its suspension by Bulgaria in 2011 over environmental concerns.
“Our Bulgarian partners have pleasantly surprised us. Just recently, we received an official notification that they support keeping the Burgas–Alexandroupoli project alive.

They are against dissolving the operator that had been created to implement the project. Its activities were later frozen.

Supported by

Now, everyone is interested in it, including the Bulgarians,” Tokarev told reporters, when replying to a question on the possible impact of the events in Turkey on the company’s transport routes.

The project exists and may be taken off the shelf at any time, he stressed, noting that using the route is one of the future possibilities for Transneft.
The planned pipeline has a transport capacity of 35 million tonnes per year with a view to increase capacity to 50 million tonnes.
In June, the Bulgarian Finance Ministry said that the project’s operator company, Trans Balkan Pipeline BV, would not be dissolved.
source: m.sputniknews.com

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