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Athens News Agency: News in English, 07-12-18

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greece, Russia, Bulgaria sign protocol for pipeline's int'l development firm

  • [01] Greece, Russia, Bulgaria sign protocol for pipeline's int'l development firm

    Greece and Russia on Tuesday signed a protocol in Moscow on establishing the international project development company for the Burgas-Alexandroupolis oil pipeline project, shortly before the commencement of formal talks between visiting Greek Prime Minister Costas Karamanlis and his host, Russian President Vladimir Putin.

    The protocol was signed by Development Minister Christos Folias, who is accompanying Karamanlis on his three-day official visit, and the general director of the Greek consortium Bapline Christos Dimas on behalf of Greece, the general director of the Burgas-Alexandroupolis Pipeline Consortium (a joint venture comprised of Russia's Transneft, Rosneft and Gazprom Neft), Dmitri Yievstratov, on behalf of Russia, and the chairman of the board of the Project Co. Burgas-Alexandroupolis BG, Stefan Gunchev, on behalf of Bulgaria.

    In statements after the signing of the protocol, Folias said it was "a special day", adding that a new era was being launched not only in energy relations among Russia, Bulgaria and Greece, but also at many more levels.

    He expressed deep conviction that the projects will have commenced by the end of summer 2008, adding that the pace launched was "very fast".

    Russian Deputy Industry and Energy Minister Andrei Dementiev, who attended the signing ceremony, was equally optimistic in his statements, noting that "it is a project that had been much delayed, and now everything is ready for the commencement of construction in 2008", and adding his optimism that the details still outstanding would be ironed out quickly, so that materialisation of the project could proceed at a fast pace.

    According to the protocol, the international company will be headquartered in the Netherlands.

    After the signing ceremony, Greek and Russian officials departed for the Kremlin to join Karamanlis and Putin in a wide-ranging meeting following private talks between the two leaders.

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