• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 25 mins Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 14 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 4 hours Solar Cheaper than Coal
  • 4 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 6 hours Rural and Conservative: Polish Towns Go 'LGBT free' Ahead Of Bitter European Election Campaign
  • 13 hours California's Oil Industry Collapses Despite Shale Boom
  • 7 hours Global Warming Making The Rich Richer
  • 17 hours Wonders of Shale- Gas,bringing investments and jobs to the US
  • 11 hours North Dakota oil output totals 1.39 million b/d in March, up 4% on month: state
  • 9 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 1 min Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 18 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 18 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 15 hours Iceland Reducing Gas Stations By Half By 2025
The Fear Factor Is Back For Oil

The Fear Factor Is Back For Oil

While fundamentals suggest lower oil…

Bank Of America: $90 Brent May Be Around Corner

Bank Of America: $90 Brent May Be Around Corner

Bank of America Merill Lynch…

Russia Remains Committed to Burgas-Alexandroupolis Oil Pipeline

Russian Deputy Energy Minister Anatoli Ianovskii told journalists during an Energy Ministry conference at the St. Petersburg Economic Forum that Russia remains committed to the Burgas-Alexandroupolis oil pipeline.

Speaking at the St. Petersburg Economic Forum Ianovskii said, "We are a country that has signed an intergovernmental agreement. We are strictly adhering to what we signed. As far as I understand, the Bulgarian public is looking very closely at the project's environmental impact.

It must be borne in mind that, if I'm not mistaken, Bulgaria will hold presidential, municipal elections this fall. I think that this political factor is also affecting the decision-making process," Fokus informatsionnoe agenstvo reported.

Russia is concerned that support for the oil pipeline bypassing the Bosporus is increasingly caught up in Bulgarian political disputes. Speaking more bluntly than Ianovskii, Russian Energy Minister Sergei Shmatko said that there would not be progress on the Burgas-Alexandroupolis energy project during the term of the current government, noting, “Today within the sidelines of the talks we are holding, there is no chance for development on the project. Being aware about the position of the current Bulgarian government we do not expect any progress” before adding that he thought that it was too early to make any final decisions on shuttering the project.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News