Russia has proposed clearing Turkey"s Black...
oil from the Bulgarian Black Sea port of Burgas to the Greek Aegean port of Alexandropoulis. The three countries signed an agreement to build the 280-km (174-mile) Trans-Balkan pipeline in 2007, following several years of talks.The construction of the pipeline, in which Russian companies will hold 51% while Greek and Bulgarian firms will possess the remainder, had until recently been delayed by Bulgaria seeking better economic and environmental terms for the project.
Meanwhile, the Turkish Samsun-Ceyhan oil pipeline is already under construction but Russian companies have no stake in it so far. However, an available memorandum of understanding could offer non-Turkish (Russian and Italian) companies a shareholding of up to 50% in the project, the paper said.
Although both projects seem to be quite different and can be regarded as rival undertakings, the idea of their management from a single center does not look so absurd, if the roles of the pipes are
Pages: 1 [2] 3