Agreement to be signed to construct pipeline alternative to BTC

The pipeline bypassing Bosphorus and Dardanelles will unite Burgas, the port of Bulgaria on the coast of the Black Sea with Alexandropoulos, the port of Greece on the coast of the Aegean Sea.

Athens, Sophia and Moscow leaders are expected to sign the final variant of the document next week. The Kremlin says that Russian President Vladimir Putin and Prime Minister of Bulgaria Sergey Stanishev will arrive in Athens on this occasion March 14.

Though Burgas-Alexandropoulos oil pipeline project was put forward about 10 years ago, it was delayed due to some causes. The work on this project is expected to end in 2010.

The pipeline will transport 700,000 barrel of Russian and Caspian oil to Mediterranean regions, APA reports.