Putin: Bulgaria and Greece May Lose Chance to be Transit Countries

2009/06/03

Russia’s president urged Bulgaria and Greece Thursday to overcome objections to the construction of a $1 billion oil pipeline in the Balkans.

The 280-kilometer (175-mile) pipeline will pump Russian oil to Europe, the U.S. and the Asia-Pacific region via the Bulgarian Black Sea port of Burgas and Greece’s Alexandroupolis, on the Aegean, enhancing the Balkan states’ role as important energy transportation hubs, RIA Novosti reported.

“If the dispute, which meets neither Bulgarian nor Greek economic interests, does not end, the Burgas-Alexandroupolis pipeline… will never be built,” Vladimir Putin told a news conference in the Kremlin.
more: The Bulgarian Post

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