Middle East Economic Survey

VOL. XLVIII

No 16

18-April-2005

REGIONAL

Greece, Russia, Bulgaria Sign MOU For Burgas-Alexandroupolis Crude Pipeline

Ministers from Greece, Russia and Bulgaria on 12 April in Sofia signed a memorandum of understanding (MOU) for the construction of a 300km crude pipeline running from Bulgarias Black Sea port of Burgas to Greeces Aegean port of Alexandroupolis. The pipeline, which is expected to cost 522mn, is meant to serve as a Bosphorus Bypass by easing the growing...