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Bulgaria, Greece and Russia sign agreement on construction
trans Published in Saudi Press Agency on 02 - 04 - 2005


Balkan pipeline
Sofia, April 12, SPA -- Bulgaria, Greece and Russia signed
a ¤522 million (US$677 million) agreement Tuesday for the
construction of a trans-Balkan pipeline that will bypass
Turkey's busy Bosporus strait .
Under the long-delayed deal, a 285-kilometer (177-mile)
pipeline will link Bulgaria's port of Burgas to Greece's
Alexandroupolis on the Aegean Sea. Russia exports about a
third of its oil production through the Black Sea and the
pipeline will allow it to bypass the Bosporus in Turkey, minimizing delays.

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