Middle East Economic Survey

VOL. LIII

No 30

26-Jul-2010

CASPIAN

Bulgaria And Russia Sign South Stream Implementation Agreement

Bulgarian Energy Minister Traicho Traikov and his Russian counterpart Sergei Shmatko signed an agreement in Varna last week outlining the next steps for the implementation of a January 2008 intergovernmental agreement for the construction of the Bulgarian section of the 63 bcm/year South Stream gas pipeline. The agreement, which was linked to the lowering of Russian gas...