Sozopol to hold referendum on Bourgas-Alexandroupolis oil pipeline too
17:28 Thu 03 Apr 2008
The trans-Balkan oil pipeline, a joint effort by Bulgaria, Greece and Russia, is expected to start this year and to be completed by 2011. The pipeline will carry Caspian oil via the Black Sea through to the port of Bourgas and thereof to the port of Alexandroupolis. Its design capacity is intended between 35 and 50 million tonnes of crude a year.
The trans-Balkan oil pipeline, a joint effort by Bulgaria, Greece and Russia, is expected to start this year and to be completed by 2011. The pipeline will carry Caspian oil via the Black Sea through to the port of Bourgas and thereof to the port of Alexandroupolis. Its design capacity is intended between 35 and 50 million tonnes of crude a year.

The coastal resort of Sozopol will hold on April 6 its own referendum on Bourgas-Alexandroupolis oil pipeline project, investor.bg reported on April 3.

Bourgas municipality tested the public opinion on the construction of the trans-Balkan pipeline on February 17. It failed with turnout at only 27 per cent of eligible voters, needing at least 50 per cent of eligible voters to be considered valid.

The Sozopol municipality decided to hold its own referendum earlier this week. The question has been formulated as follows: “Do you wish Bourgas-Alexandroupolis oil pipeline to be built?”  The explanatory campaign on the project ends April 5.

The trans-Balkan oil pipeline, a joint effort by Bulgaria, Greece and Russia, is expected to start this year and to be completed by 2011. The pipeline will carry Caspian oil via the Black Sea through to the port of Bourgas and thereof to the port of Alexandroupolis. Its design capacity is intended between 35 and 50 million tonnes of crude a year.

But both in Bulgaria and Greece it has met with staunch opposition from local authorities, who fear that the pipeline will have a negative impact on their lucrative tourist sector.

 
 
Printer friendly version
 
 
 
 
more from Construction
Current Issue as PDF
Download first page
 
BNB Fixing 18 Aug 2008
EUR1.4729USD
EUR0.7888GBP
USD0.6786EUR
GBP1.2677EUR
EUR1.95583BGN
USD1.32788BGN
GBP2.47354BGN
 
Which Balkan country has the greatest investment potential?
Bulgaria
Romania
Greece
Turkey
Serbia
Montenegro
    Other Polls