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Did I hear 30 days, or was it 30 years they said?
http://www.ekathimerini.com/news/content.asp?id=97903
Balkan pipeline under way soon
SOFIA (AFP) - The construction of an oil pipeline across
the Balkans from
Bulgaria's Black Sea port of Burgas to Vlore on Albania's
Adriatic coast should
begin by the end of the year, the US-led consortium in
charge of the operation
said yesterday.
The 890-kilometer (550-mile) pipeline, which will cross
the troubled republic of
the Former Yugoslav Republic of Macedonia (FYROM), will
take four years to
build, cost 1.13 billion dollars (1.24 billion euros) and
have a daily capacity of
750,000 barrels of crude oil, said Ted Ferguson of the
Balkan pipeline
consortium (AMBO). "I believe the decision will be made
by the end of the year
and real work to develop the project will begin at the
end of the year," he said.
Speaking before a meeting with Bulgaria's Deputy Prime
Minister Kostadin
Pascalev, Ferguson said the pipeline was needed as an
alternative to the
Bosphorus sea route through Turkey to bring oil from
Central Asia to western
markets via the Black Sea.
The Bosphorus shipping route would be insufficient to
transport growing oil
supplies of oil coming from the Caspian Sea region, he
said, pointing out that a
pipeline linking Kazakhstan to Russia's Black Sea port of
Novorossisk was due
to begin pumping in September.
Bulgaria has said it will also back plans for a pipeline
linking Burgas to the
Greek port of Alexandroupolis on the Aegean Sea. The
700-million-dollar pipeline
would stretch 320 kilometers and transport 40 million
tons of oil annually.
But Ferguson said AMBO's route was a better choice. "We
believe that the port
of Vlore is more attractive than the ports in the Aegean
Sea for exports because
it's deeper water (and) closer to the areas and ports
where the oil will be sold,"
he said. Oil arriving in Vlore would be transported via
Rotterdam to the United
States, he said.
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