Bloomberg News

Greek-Russian Committee to Discuss Oil Pipeline Plan in Athens

December 09, 2011

Dec. 9 (Bloomberg) -- Greece and Russia will discuss in Athens next week Bulgaria’s plans to pull out of a 2007 agreement to build an oil pipeline bypassing Turkey’s crowded Bosporus and Dardanelles straits.

The Greek-Russian Energy Committee will meet on Dec. 12 to discuss how to handle the latest developments, according to an e-mailed statement from the Athens-based Environment, Energy and Climate Change ministry today.

Bulgaria will propose dissolving the trilateral agreement for a proposed 285-kilometer (177-mile) pipeline from the Bulgarian Black Sea port of Burgas to the Greek port of Alexandroupolis on the Aegean or will withdraw unilaterally in 12 months, Energy and Economy Minister Traicho Traikov told reporters in Sofia earlier this week.

The “strong and permanent commitment” of the Greek and Russian governments was reaffirmed at a meeting in Athens today between Greece’s Deputy Energy Minister Yannis Maniatis and Russian ambassador Vladimir I. Chkhikvishvili, according to the statement.

--With assistance from Elizabeth Konstantinova in Sofia. Editors: Todd White, Peter Branton

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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