Middle East Economic Survey

VOL. LIV

No 8

21-Feb-2011

CASPIAN

Transneft Denies Reports Of Withdrawal From Burgas-Alexandroupolis

On 16 February Igor Demin, a spokesman for Russia’s Transneft, denied Russian and Bulgarian press reports that Russia has decided to abandon plans to take part in the development of the Burgas-Alexandroupolis oil pipeline. Three Russian firms – Transneft, Gazprom Neft and Rosneft – hold a combined 51% stake in the Trans-Balkan Pipeline...