Putin also said expansion of the Caspian Pipeline Consortium (CPC) should be synchronized with the construction of the Burgas-Alexandroupolis pipeline. The CPC is a 935-mile oil pipeline from the Tengiz oil field in Kazakhstan to the Russian Black Sea port of Novorossiysk and the largest single US investment in Russia.
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Putin Signed a Law for Russia-Balkan Pipeline Building
Russia's oil producer Rosneft, Transneft, and energy giant Gazprom will hold a total of 51%
Russia's president Vladimir Putin signed a federal law Thursday ratifying a deal to build a oil pipeline across the Balkan states to Europe.
The deal to build the Burgas-Alexandroupolis pipeline was signed March 15 with Greece and Bulgaria to carry Russian oil via the Bulgarian Black Sea port of Burgas and Greece's Alexandroupolis on the Aegean.
Russia's state-controlled oil producer Rosneft, Transneft, and energy giant Gazprom will hold a total of 51% in the project, while Greece and Bulgaria will control 24.5% each.
Putin also said expansion of the Caspian Pipeline Consortium (CPC) should be synchronized with the construction of the Burgas-Alexandroupolis pipeline. The CPC is a 935-mile oil pipeline from the Tengiz oil field in Kazakhstan to the Russian Black Sea port of Novorossiysk and the largest single US investment in Russia.
Putin also said expansion of the Caspian Pipeline Consortium (CPC) should be synchronized with the construction of the Burgas-Alexandroupolis pipeline. The CPC is a 935-mile oil pipeline from the Tengiz oil field in Kazakhstan to the Russian Black Sea port of Novorossiysk and the largest single US investment in Russia.




