Novak: Bulgaria is not interested in the ‘revival’ of the Burgas-Alexandroupolis project

Novak: Bulgaria is not interested in the ‘revival’ of the Burgas-Alexandroupolis project

Athens, June 24, 2015/ Independent Balkan News Agency

By Spiros Sideris

As reports the correspondent of AMNA from Moscow, Thanassis Avgerinos, Bulgaria does not intend to change its decision and to “revive” the project of the Burgas-Alexandroupolis, said Russian Energy Minister Alexander Novak, referring to his recent meeting with the Bulgarian counterpart Temenuzhka Petkova at the International Economic Forum in St. Petersburg.

“We tabled the question, given that the Greek side had raised the issue during our talks on the feasibility of continuing this project”, said the Russian minister, according to the Russian RIA-Novosti agency, and added: ” That is why in the debate with my colleague from Bulgaria we also discussed this issue. Our Bulgarian colleagues told us that for some time know they have taken the decision to withdraw from the project and will not change that decision. At present their Ministry of Finance is dealing with the issue”.

Sofia had announced in 2012 its intention to withdraw from the interstate agreement on the construction of the pipeline. Finance Minister of Bulgaria Simeon Djankov had at the time described the project as “economically non-viable”. The Russian oil network company Transneft had stated at the time that the project “freezes” and the sides could come back to it in the future, while recently the American oil company Shevron has declared an interested in the “revival” of the pipeline. Shevron also participates in the Caspian Pipeline Consortium (CPC), which will carry oil from the deposit Tengiz of Kazakhstan to the Russian port of Novorossiysk on the Black Sea.

Before meeting with his Bulgarian counterpart, Novak had stated that his country “supports the construction of the project, if it is cost-effective”.