Posted on 02/16/2002 3:09:39 PM PST by Spar
Friday February 15, 7:22 am Eastern Time
U.S. majors consider Balkan pipeline-project head
SOFIA, Feb 15 (Reuters) - U.S. oil giants ExxonMobil Corp.(NYSE:XOM - news) and ChevronTexaco Corp.(NYSE:CVX - news) are considering building a $1.13 billion trans-Balkan pipeline to ship oil westwards from the Caspian and the Black Sea, the project's manager said on Friday.
``We are in regular discussions with ChevronTexaco and ExxonMobil and examine various aspects of the project,'' said Edward Ferguson, President and CEO of the Albanian, Macedonian and Bulgarian Oil Corporation (AMBO) which manages the project.
The project, in discussion since 1996, envisages carrying Caspian oil from Bulgaria to Albania via Macedonia, bypassing the heavily used Bosphorus Straits through Turkey.
AMBO, registered in the U.S., has letters of acceptance from the governments of the three Balkan countries for the 898 km (560 mile) underground pipeline linking Bulgaria's Black Sea port of Bourgas to the Albanian port of Vlora.
The pipeline would have a daily capacity of 750,000 barrels.
Ferguson said the project would be fully financed by Western companies and the three Balkan countries just had to provide institutional support.
He said the main consumers of the oil carried through the trans-Balkan pipeline would be northwestern Europe and the United States rather than the Mediterranean region.
``America's own crude resources are declining rapidly and it already imports over 50 percent of its annual needs. Europe enters in a similar situation -- reserves in the north are declining and it will start running out of oil supplies around 2010,'' said Ferguson.
AMBO was confident that another planned 700 million euro ($607 million) pipeline sending crude from Russia to Greece via Bulgaria would not threaten its own project as the two had targeted different investors and consumers.
The second project envisages carrying 35 million tonnes of crude per year from Russian port of Novorossiisk by tanker to Bourgas in Bulgaria, from where the 256 km underground pipeline will transfer the oil to Alexandroupulis in northeastern Greece.
``Bourgas-Alexandroupulis is going to be decided by Russia, Bulgaria and Greece with the help of Russian oil companies. The decision for Bourgas-Vlora will be made by Western firms supported by the U.S. and Europe,'' said Ferguson.
(1 euro equals $0.87)
Just in time as the current ambassador of Former Macedonia becomes the new one for Bulgaria. Bush names Pardew ambassador to Bulgaria
I hope the Caspian oil is NON-EXISTANT!! DRY WELLS...all of them!
1. Balkan pipeline deals
2. klintoon, soros, the wahabbis, Iran, and bin laden backing the mujihadeen in the Balkans, including mujihadeen and UCK atrocities.
3. klintoon and soros establishing the ICTY
This condensed set of information should be sent to the judges at the Haguse, with cc's to the Milosevic legal team, the UN, and selected press organs.
I hope Milo also uses House of Commons Foreign Affairs - Fourth Report [UK Confesses War Guilt Over Kosovo]
US oil majors DENY Balkan pipeline interest.
Another piece to puzzle over.
I can even say that, I feel sorry for all those misguided and easily duped folks who ACTUALLY thought that their "rebellions" had ANYTHING at all to do with their having an "independent" country of their very, very own.
HOW SWEET!!! They have a country of their own.....Duped- Twitland!!
The possibilities are ENDLESS!
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