• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 39 mins Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 7 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 8 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 7 hours Why I Think Natural Gas is the Logical Future of Energy
  • 6 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 17 hours Get on Those Bicycles to Save the World
  • 4 hours Iraq war and Possible Lies
  • 23 hours Satellite Moons to Replace Streetlamps?!
  • 1 day Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 23 hours Can “Renewables” Dent the World’s need for Electricity?
  • 17 hours Can the World Survive without Saudi Oil?
  • 14 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 51 mins EU to Splash Billions on Battery Factories

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