Delegates from European and Central Asian countries met on oil transportation

Jul 22, 1999 02:00 AM

Delegates from dozens of European and Central Asian countries gathered recently to discuss the implementation of a trans-national program on transporting oil and natural gas from Central Asia to Europe.
At the meeting, 13 member nations participating in the program signed a framework accord that was prepared in Brussels in 1995.
They have also decided to set up the group's executive headquarters in Kiev. Ukrainian President Leonid Kuchma told the meeting that the implementation of such a program is a practical step essential for members to initiate political and economic integration.
European Union Commissioner Hans Van Den Broek said that a pipeline crossing Ukraine's territory is vital for the development of a complete intercontinental oil and gas transportation network. The European Council has provided Ukraine with 5 mm euros ($ 5. 25 mm) for the project.
He hoped that Russia would also take part in the program which is aimed at guaranteeing the supply of oil and gas for Europe, and the energy security of its member states. All EU members, Turkey, and several other European countries, are observers of the program.

Source: Xinhua via Newspage
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