Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Bulgaria pays off its oil pipe-line debt to Russia
8.02.2012 17:53
Bulgaria pays off its oil pipe-line debt to Russia
BurgasAlexandroupoli pipeline

Bulgaria paid off a 4.7 million euro debt to Russia for its withdrawal from the construction project of the Burgas-Alexandroupolis oil pipeline, Transneft spokesman Igor Demin told Itar-Tass on Wednesday.

At the same time he noted that Bulgaria paid its principal debt, while it will pay interests later as the country’s budget envisages no funds for this item of expenditure.

According to earlier reports, Bulgaria should reimburse costs worth of 65 million euros for its withdrawal from the project.

The Burgas–Alexandroupoli pipeline is an oil pipeline project for transportation of Russian and Caspian oil from the Bulgarian Black Sea port of Burgas to the Greek Aegean port of Alexandroupoli. It should become as an alternative route for Russian oil, bypassing the Bosporus and the Dardanelles. However, in December 2011 it was terminated by the Bulgarian government due to environmental and supply concerns.


Author: Irina Fomina

Tags: BurgasAlexandroupoli pipeline     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Izhevsk  Stavropol Territory  Maria Yakunchikova  Exhibition Fairs  Mikhail Nesterov  Mariinsky theatre  biology  Kemerovo Region  Map of Russian Science  Russian Cinema  Moscow  Uralsib   Russian Astronauts  Oceanology  geography  Russia Travel Tips  SPIMEX  economic crisis  Heroism   Russian science  Isheyevka  Nizhny Novgorod  Russian scientists  Russian tourism  Bubonitsy  Exhibitions in Moscow  Russian business  Yandex  Romanovs  Yekaterina Maximova  Lidia Vertinskaya  Skolkovo  Russian economy  Russian explorers  Andre Geim  Horror Fiction  Mercedes-Benz Fashion Week Russia  Adler  Sberbank  migration in Russia  Cycling  Stanislavsky Award  Yury Milner  Russian tourists  St. Petersburg  Rogozin  Sokolniki  Fairy-Tale Games   academic conferences  Gazprom 

Travel Blogs
Top Traveling Sites