Bulgaria invites for oil pipeline bids

Nov 11, 2002 01:00 AM

The Regional Development Ministry invited Bulgarian companies that want to take part in the construction of the Burgas-Alexandroupolis oil pipeline to submit their bids by November 15. The eligible bidders must be at least 50 % Bulgarian owned.
None of the Bulgarian companies will have majority participation in the consortium that will build the pipeline.

Bulgaria should invest $ 220 mm in the project, $ 640 mm will be necessary for the entire project according to preliminary data.
The Bulgarian and Greek prime ministers reached early November in Athens a political decision regarding the equal participation of Bulgaria, Greece and Russia in the construction of the trans-Balkan oil pipeline Burgas-Alexandroupolis.

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