Bulgaria hopes Russia will join oil pipeline project to Greece

Jul 05, 2004 02:00 AM

Sofia is hoping Russia and Greece will share in the construction of the Burgas-Alexandroupolis oil pipeline, Bulgarian President Georgi Purvanov told. This project is a priority for our country, Purvanov said.
"The project is also important economically and strategically for countries involved in it because it will be part of the infrastructure for Russian and Kazakh oil exports," he said.

Russia's participation in the project "will require political support from the Cabinet and practical involvement from interested Russian companies," Purvanov said. The former USSR's debt to Bulgaria "is being repaid somewhat behind schedule," he added.
"The sums are not very large, the understandings we have reached are clear and I believe that this issue will be resolved permanently very shortly," Purvanov said.

Trade between the two countries, which exceeded $ 1.24 bn last year, could be significantly increased, he said. Purvanov said he is worried by the imbalance in trade between Bulgaria and Russia.
"The volume of Bulgarian exports is unsatisfactory," he said. The situation can be remedied "by lowering some tariff and other barriers on the Russian market for certain goods," Purvanov said.

Source: Interfax
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