Russia presents funding proposal for oil pipeline

Representatives of Bulgarian and Russian shareholders in the stalled Burgas-Alexandroupolis project discussed a new funding plan, under which the Moscow-based Transneft company would finance construction of the oil pipeline.
The proposal was presented on Wednesday (September 8th) during a meeting in the Russian capital.
The three countries agreed to build an oil pipeline between Burgas on Bulgaria's Black Sea coast and Alexandroupolis on Greece's Mediterranean coast in late 2007, and signed a deal on the project in early 2008.

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