...

Bulgaria backs off dismissal of oil pipeline with Russia, Greece

Oil&Gas Materials 11 June 2010 22:55
Bulgaria has not taken a final decision on rejecting plans to develop the Burgas-Alexandroupolis oil pipeline project with Russia and Greece, Bulgarian Prime Minister Boiko Borisov said on Friday, RIA Novosti reported.
Bulgaria backs off dismissal of oil pipeline with Russia, Greece

Bulgaria has not taken a final decision on rejecting plans to develop the Burgas-Alexandroupolis oil pipeline project with Russia and Greece, Bulgarian Prime Minister Boiko Borisov said on Friday, RIA Novosti reported.

"We will take a final decision on the project only once an assessment is ready on the environmental impact of Burgas-Alexandroupolis. At the present time, we see that the project is economically unprofitable and unreasonable. Moreover, we have promised our voters to protect the environment," a statement from Borisov's press office said.

Russia, Greece and Bulgaria signed a contract in 2007 on the joint construction of the Burgas-Alexandroupolis oil pipeline.

Earlier on Friday, Bulgarian news agency BGNES quoted Borisov as saying Bulgaria would not go ahead with the project.

Latest

Latest