Source AP ©

Bulgaria ratifies trans-Balkan pipeline deal

Russian oil to be transported to southeastern Europe after Bulgaria's parliament ratified Wednesday a trilateral agreement for the construction and exploitation of a pipeline

Under the deal, signed in March by Bulgaria, Greece and Russia, a 280-kilometer (175-mile) pipeline will bring Russian oil from Bulgaria's Black Sea port of Burgas to Alexandroupolis in northeastern Greece, bypassing the environmentally vulnerable Bosporus Straits.

Parliament voted 109-19 with 3 abstentions to ratify the project, tentatively scheduled for completion by 2010.

The Greek parliament and the lower house of the Russian parliament, the Duma, have already approved the agreement.

The 36-inch (90-centimeter) pipeline would initially carry 700,000 barrels of oil a day, with capacity set to eventually rise to more than 1 million barrels a day.

Bulgaria will receive annually between US$35-50 million (EUR26-38 million) from transit fees and 1,000 new jobs would be created, the government said.

Russia will have a 51 percent share in the project, while EU members Bulgaria and Greece will have 24.5 percent each.

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Comments
Russian woman killed when hanging out naked of moving car in Dominican Republic
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Russian government readies powerful sanctions against Ukraine
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Putin makes first public comment on Russian pension reform
Putin does not exclude war with Ukraine in Donbass
International Olympic Committee ready to take Russia back
Putin does not exclude war with Ukraine in Donbass
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Greek-Russian friendship suddenly evolves bad smell
Greek-Russian friendship suddenly evolves bad smell
Greek-Russian friendship suddenly evolves bad smell
Greek-Russian friendship suddenly evolves bad smell
Greek-Russian friendship suddenly evolves bad smell
Greek-Russian friendship suddenly evolves bad smell