News 23 Aug 11

Oil Pipeline Decision Deadline Extended

Bulgaria's Environment Ministry has extended the submission deadline for the environmental impact assessment on the Bourgas-Alexandroupolis oil pipeline project until 30 September, according to reports.

BTA / Sofia Echo
Sofia

The new deadline was requested in mid-July by Trans Balkan Pipeline, the international company behind the project, which is 51 per cent owned by Russian companies, with the remaining 49 per cent stake being equally split between Bulgaria and Greece.

In late June, Bulgarian Environment Minister Nona Karadjova gave the investor two more months to present the reworked study, saying no more delays would be tolerated.

The minister then said the environmental impact report had to be fleshed out as its content was insufficient to make an objective and comprehensive decision.

The ministry has so far rejected the assessment three times.

According to Moscow's estimates, Sofia should contribute €7.3 million for the stalled project.
The Bulgarian Government raised the capital of Project Company Bourgas - Alexandroupolis Oil Pipeline BG by 150 000 leva in the middle of July to keep the company operational until the fate of the project was clear.

The pipeline is expected to carry 35 million tonnes of oil per year.

Talk about it!

blog comments powered by Disqus

Related Headlines:

kosovo-serbs-build-a-wall-in-northern-divided-city-12-08-2016
08 Dec 16

Kosovo Bans Building of Serb Wall in Mitrovica

The building of a concrete wall by the Serb authorities on their side of the bridge that ethnically divides the Kosovo town of Mitrovica was ordered to stop after strong criticism by Kosovo Albanian officials.

08 Dec 16

Belgrade to Host Annual Queer Film Festival

08 Dec 16

Croatian President's Year Sees High and Lows

Premium Selection

serbian-savers-keep-faith-with-banks-and-property-12-05-2016
08 Dec 16

Serbian Savers Keep Faith with Banks and Property

Despite the dismally low interest rates on savings, most Serbs still keep their spare cash in the banks or invest in real estate, partly because they fear – or do not know about – the alternatives.

balkan-war-crime-suspects-maintain-political-influence-12-02-2016
07 Dec 16

Balkan War Crime Suspects Maintain Political Influence

Years after the Balkan conflicts, voters in former Yugoslav countries are still electing people who have been convicted of or charged with war crimes, showing how nationalism still distorts the political environment.

04 Dec 16

State of the Unions in Serbia