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Consortium for transport of Russian oil

Date: February 4^th 2010 Author: Dragan Obradović, Belgrade Category: Articles
Topic: Oil and oil derivates

Russian oil transport company Transneft proposed to Turkey, Italy and Greece to join two oil pipeline projects which one could consider competitive.

Word is about the Burgas-Alexandroupolis (between Bulgaria and Greece) and the Samsun-Ceyhan (Turkey) pipelines, according to the Russian Gazeta. Transneft’s partners on these two projects would form two legal entities, joined in a consortium. Turkey has offered a preferential treatment regarding transport of oil via Bosphorus to the Russian companies, providing they take part in the construction of the Samsun-Ceyhan oil pipeline.

PHOTO: Energetika.NET archive

Sofia-based daily Novinite has reported that Bulgaria was apparently left out in the talks, although the largest section of the Burgas-Alexandroupolis pipeline route runs across Bulgaria. In addition, it is not clear from the statements by Transneft representative Nikolai Tokarev, why Bulgaria has been excluded from negotiations on the formation of the respective consortium and neither is it clear how any changes to the Burgas-Alexandroupolis projects could be made without participation of the Bulgarian side, Novinite further reports.

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