However, the contract for transporting the oil will be signed with Transneft, as the company will most likely operate the oil pipeline, Ivan Materov, Russia’s deputy minister of industry and energy, said. Russia’s first deputy prime minister, Sergey Ivanov, has demanded that the transportation of the oil to Bourgas be carried out using Russian vessels.
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B-A oil pipeline ratified
Tue, 15 May 2007
THE Russian government has ratified the contract for the setting up the Bourgas-Alexandroupolis oil pipeline. Russia, Bulgaria, and Greece signed the intergovernmental agreement in Athens on 15 March after the negotiations that had continued for 14 years. The agreement proposes that each country transfers its stake in the project to indigenous oil-producing companies.
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