Bulgaria joins talks on trilateral Burgas-Vlore oil pipeline

Apr 11, 2005 02:00 AM

Expert groups from Bulgaria, Macedonia and Albania prepare to hold their first meeting on the construction of Burgas-Vlore oil pipeline in Tirana.
According to Rumen Nikolov, a representative of AMBO Corporation, the company managing the project, the venue will gather representatives of the international firms that are to work out the design, feasibility assessment report and to build up the pipeline.

The project of a pipeline linking Bulgaria's port of Burgas and Albania's port of Vlore, through Macedonia, is estimated at $ 200 mm for the first three years of construction. Under preliminary estimates, it would capitalize some $ 17 mm of port fees as profits for Bulgaria.
The oil pipeline is projected to stretch along 912 km, 51 % of which on Bulgarian territory. Its capacity is seen to reach 35 mm tons of transported oil a year.

Source: Novinite
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