"The Burgas-Vlore project is among
The $1.5 billion (1.2 billion euros) pipeline, known as the AMBO project, will link Burgas in
Like the Burgas-Alexandroupolis pipeline, the 895-kilometer (556-mile) AMBO pipeline will bypass the busy Bosporus strait in
Ministers from
The project will be financed by 71 percent debt and 29 percent equity. It is being organized by the Albanian Macedonian Bulgarian Oil Corp., after a feasibility study financed by the
Once financing has been secured and impact assessments completed, construction could begin in 2008 and the first oil could flow in 2011.
PIN/AP
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