Contentious Bulgarian Pipeline Dead, Moscow Less Than Pleased

Well, it’s official. The Burgas-Alexandroupolis oil pipeline, intended to provide a Thracian bypass for Russian oil to avoid the increasingly congested Turkish Straits tanker traffic, is officially dead. Says who? Bulgaria’s Finance Minister, Simeon Diankov. According to Diankov, Bulgaria has paid up all of its expenses associated with contingency planning for the project – in 2009, $6.37 million, in 2010 - $1.73 million. For 2011, Bulgaria’s share was $224,000, and all expenses have been paid in full. Speaking to reporters,…

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