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Huge oil pipeline projects turns into reality

While the size of the world’s remaining resources of oil is disputed, consumption is rocketing together with the prices.

This has given a sudden boost to long-planned projects of building oil-pipelines across the continent aiming at securing access to important energy resources.

Bulgaria, Greece and Russia are set to sign today (12 April) an agreement to build an oil pipeline from the Black Sea to the north Aegean, providing a new outlet for Caspian oil, according to the Financia...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

Oil tankers currently ship crude across the overcrowded Bosphorus Strait (Photo: European Commission)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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