Bulgaria and Greece signed a doument for construction of an oil pipeline Alexandroupolis – Burgas

Bulgaria and Greece are reviving the idea of ​​an oil pipeline between the two countries the purpose of the pipe will be for the oil to go in the opposite direction to Bulgaria.

The agreement was signed by the energy ministers of the two countries during the visit of President Rumen Radev to Athens. Bulgaria and Greece also signed a cooperation document to guarantee gas supplies and store the blue fuel.

The construction of an oil pipeline between Alexandroupolis and Burgas will ensure real diversification and alternative oil supplies for the largest refinery in the Balkans as well as for the Black Sea region.

The Alexandroupolis – Burgas oil pipeline is of strategic importance for our country because it provides an opportunity for real diversification and alternative supplies of non-Russian oil to our refinery in Burgas, the largest in the Balkans. It also increases the security and efficiency of supplies because it avoids the risk of long waits from the passage of tankers through the Black Sea straits

Rumen Radev, President of Bulgaria

The Bulgarian head of state and the Prime Minister of Greece Kyriakos Mitsotakis held a meeting after which they participated in a ceremony for the signing of bilateral memorandums between Bulgaria and Greece on cooperation in the study of the possibility of building an oil pipeline from Alexandroupolis to Burgas, as well as on cooperation on the issues of the guarantee of gas supplies and the storage of natural gas. The Bulgarian delegation, led by President Rumen Radev, includes the Deputy Prime Minister for Economic Policies and Minister of Transport and Communications Hristo Alexiev and the Minister of Energy Rosen Hristov.

The general position was that the political will at the highest level in Bulgaria and Greece is a factor in the search for joint practical solutions in a spirit of solidarity to the problems with the security of energy supplies, seriously disturbed as a result of Russia’s war against Ukraine.

In an identical way, the issue of providing access to the Greek liquefied gas terminals and to the storage of natural gas in the gas storage facility in Chiren is extremely necessary for the development of the economies of Bulgaria and Greece.

The documents signed today are of great importance for the whole of Europe and show what two member states of the European Union, united by the principles of good neighborliness and European values, can achieve together, Roumen Radev and Kyriakos Mitsotakis also emphasized. The two also noted the importance of ensuring reliable economic, transport and energy connectivity between Bulgaria and Greece for the construction of reliable supply chains along the North-South axis in the conditions of a deepening military conflict in the immediate vicinity.

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