Bulgaria has cancelled the court proceedings for the closure of the company Trans-Balkan Pipeline BV, a joint venture with Russia and Greece established in order to build Burgas-Alexandroupoli oil pipeline.
Bulgarian Minister of Finance Vladislav Goranov explained that the case was terminated because the Greek side proposed to keep the company as an infrastructure basis for future projects. Since the costs of maintaining the joint venture company are negligible, the decision was made to abandon the liquidation proceeding of the company, Goranov concluded.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: Alexandroupoli, Bulgaria, Burgas, oil, oil pipeline, pipeline, Trans-Balkan