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News // Oil and gas worldwide

Bulgaria, Greece, Russia Construct Oil Pipeline

08 February 2007 , 13:03482
Bulgaria, Greece and Russia signed an agreement on Wednesday for the construction of a long-awaited oil pipeline that will funnel Russian oil directly to southeastern Europe, bypassing Turkey's busy Bosporus Straits.

Senior government officials of the three countries signed the deal for the 280-kilometer (175-mile) pipeline at Bulgaria's Black Sea port of Burgas.

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