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16.02.2012

Transneft Doesn’t Rule Out Building Oil Pipeline To Bypass Bulgaria

Transneft hasn't ruled out the possibility of building a pipeline to Greece via Turkey, bypassing Bulgaria, which recently withdrew from the Burgas-Alexandroupolis project, the deputy president of the Russian oil-pipeline monopoly told reporters Wednesday.

The project is suspended, but Mikhail Barkov has said it would take just a few months for the pipeline to be built if it were revived.

Bulgaria in early February repaid Russia a loan of 4.7 million euros, allowing the smaller country to withdraw from the project.

Barkov said "it’s possible" Transneft could decide to pursue a pipeline project with Turkey and Greece, bypassing Bulgaria, from the Black Sea to the Aegean and terminating at the Greek port of Alexandroupolis.

Current plans call for a pipeline with capacity of at least 35 million metric tons per year with possible expansion to 50 million metric tons.

Copyright 2012, RIA Novosti. All rights reserved.

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