A recently established work group comprised of officials from Greece and Bulgaria’s relevant energy ministries met in Athens on Friday to discuss the prospect of reviving the decades-old Alexandroupolis-Burgas oil pipeline project, with the projected flow, however, now going from the former to the latter.
The meeting was attended by each country’s energy minister, Kostas Skrekas and Rossen Hristov, respectively. Both sides agreed that such a pipeline is of major bilateral geostrategic.
The pipeline project, retrieved from the shelf after nearly a decade and a half, aims to boost Bulgaria’s independence from Russian oil, while adding a crude oil terminal and pipeline to what’s emerging as an energy hub in extreme northeast port city of Alexandroupolis.
Establishing the work group was foreseen in a MoU signed between the two energy ministers last month in Athens, in the presence of Greek Prime Minister Kyriakos Mitsotakis and the visiting President of Bulgaria Rumen Radev.
The project was first conceived in 1993 to transport Russian crude by tankers to the Bulgarian Black Sea port of Burgas and then on to Alexandroupolis, on the northern Aegean, via an overland pipeline. The high-profile but oft-delayed project was finally abandoned in 2011.
The idea, then and now, is to bypassed the narrow and busy Dardanelles and Bosporus straits.
Latest News
The 12 Tourist Traps to Avoid in the Greek Islands
Visit less popular islands for cheaper prices and fewer crowds
German Min. Lemke: «Climate crisis poses immediate threat to our health; well-being»
Europe recorded more days of “extreme heat stress” (with the ‘feels like’ temperature exceeding 46 degrees Celsius) than ever before
OECD: Major Spike in FDIs in Greece over 2021-23 Period
The international organization calculates an average of 6.7 billion USD in Greece over the 2021-2023 period, up from 4.15 billion USD in 2017-2019
How TikTok Lost the War in Washington
Combination of coordinated efforts by its critics and missteps by the company led to the law forcing a sale or ban of the popular app
Greece in the Top European Destinations for Aussies in 2024
This year 16% of surveyed Australians are planning a trip to Greece
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations