Russia Confirms Bulgaria’s Withdrawal from Burgas-Alexandroupolis Pipeline

Russia’s Foreign Ministry confirmed it has received official notice from Bulgaria about country’s decision to give up on the Burgas-Alexandroupolis oil pipeline project, Interfax reports.

“The foreign ministry received an official notice from Bulgaria about the country’s decision to terminate the intergovernmental agreement with Russia and Greece about the cooperating for the construction and exploitation of the Burgas-Alexandroupolis oil pipeline dated March 15, 2007,” the press office of the ministry announced.

Earlier, Bulgarian Finance Minister Simeon Dyankov said that the government decided to give up on the project since it was unable to meet the financial conditions in the agreement reached in 2007.

Bulgaria proposes Russia and Greece for the tripartite agreement to be terminated at mutual consent. Otherwise Bulgaria will withdraw in 12 months.

(source:FOCUS Information Agency)


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