Bulgaria Refuses To Sell Its Share In The Burgas-Alexandroupulis Project

Bulgarian has government confirmed it would not sell its share in the Burgas-Alexandroupulis pipeline project, the Greek Naftemboriki daily reports.

Sofia appeared willing to sell its 24.5% share to companies such as the American Shevron or the state-owned Kazakh Kazmungize, but the government has abandoned those plans, the newspaper wrote today.

Bulgargas CEO was quoted as saying that the sale of the share „is not an option for the government“.

The newspaper also points out that Bulgaria and Kazakhstan have already negotiated the amount of petrol the former Soviet Republic will deliver to the pipeline, and that Greece is to face difficulties, because of the supplies Kazakhstan has promised to Russia and Bulgaria.

At a meeting between Russia, Bulgaria and Greece held in Athens last month, Moscow demanded all countries to supply petrol in proportion to their participation in the project, and to sell their share if they are unable to meet this requirement.

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