A European Union embargo on Russian oil that takes effect on Monday has led Greece and Bulgaria to talk about reviving a long-defunct oil pipeline project that bypasses the Bosphorus Strait.
The pipeline would run 280km (about 174 miles) from the port of Alexandroupolis on the Aegean Sea to the port of Burgas on the Black Sea, and might continue as far north as the port of Constanza in Romania, Bulgaria’s Energy Minister Roman Hristov told Al Jazeera.
“We have a two-year derogation [from EU sanctions] to buy Russian oil, but after that, we will face problems because of the hike in transit fees through the Bosphorus,” Hristov said in answer to a question from Al Jazeera at an energy conference in Athens.
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So, we have begun discussing the revival of the Burgas-Alexandroupolis pipeline, and its extension north to the ports of Varna and Constanza,” he added.
“We support the project,” said Greek Energy Minister Kostas Skrekas in a statement. Neither minister agreed to answer further questions.
Read more: Al Jazeera
