Saturday, February 10, 2007

Trans-Balkan oil pipeline to be built

SKOPJE, Macedonia -- Albania, Bulgaria and Macedonia signed a convention Wednesday to build a 555-mile oil pipeline linking ports in the Black Sea and the Adriatic.

The construction of the trans-Balkan pipeline with a capacity of 750,000 barrels per day will begin next year and should be completed in 2011, the Macedonian news agency MIA reported.

The pipeline, whose construction would cost $1.2 billion, will link the Bulgarian Black Sea port of Burgas, passing across Macedonia, connecting with the Albanian port of Vlore on the Adriatic coast.

Economy ministers of the three countries signed the convention in Skopje, the capital of the Former Yugoslav Republic of Macedonia.

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