Middle East Economic Survey

VOL. L

No 38

17-September-2007

CASPIAN

Bulgaria Plans To Keep 24.5% Stake In Burgas-Alexandroupolis Pipeline

The Bulgarian government has decided to hold on to its 24.5% share in the 1bn Burgas-Alexandroupolis crude oil pipeline (BAPline), construction of which is to begin early next year. The chief executive director of state-owned Bulgargaz Holding, Lyubomir Denchev, told Reuters on 11 September that Sofia no longer considered selling its shares in the project an...