Seven Bulgarian, Russian and Greek companies have expressed interest in participating in the multi-national venture that will build the Bourgas-Alexandroupolis oil pipeline and secure the funding for it. This was announced by Kalin Rogachev, head of the office of the Minister of Regional development and Public Works Valentin Tserovski, after the end of the Bulgaria-Greece-Russia meeting that was held in Sofia by Friday.
The joint venture will build and operate the oil pipeline. The distribution of stakes in the consortium will depend on the money each of the companies will invest. The deadline for establishing the venture is the end of 2005, and within six months each of the firms has to be ready with its proposal for holding a stake. The governments of the three countries will review the proposals and approve the distribution of shares. (Dnevnik)