Middle East Economic Survey

VOL. LIV

No 37

12-Sep-2011

CASPIAN

Transneft Freezes Development Of Bosporus Bypass Pipelines

Transneft Vice-President Mikhail Barkov was quoted by RBC newspaper on 5 September as saying that the Russian state company has decided to freeze the development of the Burgas-Alexandroupolis oil pipeline and to halt talks with the Turkish government over the competing Samsun-Ceyhan pipeline. The latter was said to be one and a half times more expensive than the Balkan...