Bulgaria and Greece to restart of Burgas-Alexandroupolis oil pipeline

Energy cooperation was discussed at a meeting in Sofia by the presidents of Bulgaria and Greece.  Resumption of the Burgas-Alexandroupolis oil pipeline project which is of critical importance for Bulgaria and Greece was announced.

An oil pipeline from Alexandroupolis to Burgas – this will enable delivery of the critically important raw material not only for Bulgaria, but also for Romania, Ukraine, and other countries of the Black Sea basin

Rumen Radev, President of Bulgaria

The project, which at the time was estimated to cost around 1 billion euro was suspended in 2011 after the Bulgarian authorities expressed environmental concerns over the scheme. An EU-wide ban on the import or transfer of seaborne crude oil and petroleum products from Russia entered into force on December 5 as part of sanctions imposed in the wake of the war on Ukraine.

Bulgaria, which has an oil refinery owned by the European arm of Russia’s Lukoil has previously negotiated an exemption from that ban until the end of 2024.

You may also like...

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x