Kazakhstan Wants to Acquire Part of Bulgaria’s and Greece’s Stake in Burgas-Aleksandropulos Project

Oil&Gas Materials 4 April 2007 14:07 (UTC +04:00)

Azerbaijan, Baku / corr. Trend I.Khalilova / Baktikoja Izmuhambetov, the Kazakh Energy Minister, stated in Baku on 4 April that Kazakhstan is interested in the Burgas-Aleksandrpulos pipeline project and intends to acquire 49% of Bulgaria's and Greece's share.

"In the near future Russia will reply to our proposal and afterwards we will set up talks with Greece and Bulgaria. We hope the meeting to occur in April," he stressed.

In the first stage it is planned to deliver 10-12mln tons of oil via this pipeline. The discharge capacity of the pipeline is 30-35mln tons with possible increase to 50mln tons.

The miser did not exclude the probability of acquisition of 49%-stake of Bulgaria and Greece in the project.

"Moreover, talks can be carried out with Russia on entrance to its 51%-stake," the minister added.