Study of Bulgaria-Greece oil pipeline set

A joint venture of state firm Public Petroleum Corp. of Greece (DEP SA) and Greek private firm Thraki SA let contract to Brown & Root, Leatherhead, U.K., to conduct a detailed study of an oil pipeline from Bulgaria to Greece. The DEP/Thraki venture plans to offer an alternative route for the import of Russian and Caspian Sea oil via the Black Sea to international markets, following an agreement between Bulgarian, Greek, and Russian governments.

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