Middle East Economic Survey

VOL. LIV

No 50

12-Dec-2011

CASPIAN

Bulgaria Exits Burgas-Alexandroupolis Pipeline Project

The Bulgarian government has decided to withdraw from the 300km, 700,000 b/d capacity Burgas-Alexandroupolis pipeline project, planned in partnership with Russia and Greece to provide a Bosporus bypass route for Russian oil exports. The decision comes after repeated stalling of the project by the Sofia government, which recently surprised observers by approving an...