Trans-Balkan oil line appears feasible

The Albanian-Macedonian-Bulgarian Oil Pipeline Corp. (AMBO LLC), Pound Ridge, NY, and the governments of Bulgaria, Macedonia, and Albania said last week that a US-sponsored feasibility study of the proposed Trans-Balkan Oil Pipeline project has been completed and delivered to the contracting parties. According to AMBO, the report provides a 'commercially compelling proposition' to the major oil companies who are developing their oil fields in the Caspian Sea.


The Albanian-Macedonian-Bulgarian Oil Pipeline Corp. (AMBO LLC), Pound Ridge, NY, and the governments of Bulgaria, Macedonia, and Albania said last week that a US-sponsored feasibility study of the proposed Trans-Balkan Oil Pipeline project has been completed and delivered to the contracting parties.

The report provides a "commercially compelling proposition" to the major oil companies who are developing their oil fields in the Caspian Sea who have chosen the Black Sea export route to the Mediterranean Sea, said Gligor Tashkovich, executive vice-president of AMBO.

The large, recently developed oil fields "confirm the requirement for multiple export routes out of the Caspian region," said Tashkovich. "We believe that the Trans-Balkan Oil Pipeline will be one of the more significant routes to be developed."

The $1 million study updated and enlarged the project's original feasibility study of 1996. AMBO is developing the $1.1 billion pipeline, which will carry crude from the Bulgarian Black Sea port of Bourga to the Albanian Adriatic Sea port of Vlore.

The pipeline has a projected throughput of 750,000 b/d of oil.

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