Bulgaria abandons Russia-Greece oil pipeline project

Bulgaria’s outgoing parliament confirmed on Thursday a government decision to pull out of the long-stalled Burgas Alexandroupolis oil pipeline project.

A total 115 lawmakers in the 240-seat legislature voted to throw out a 2007 agreement with Russia and Greece for the 280-kilometre (175-mile) pipeline meant to bring Russian oil to Greece via Bulgaria. Twenty-five lawmakers voted against the move, and one abstained.

The outgoing right-wing government had already suggested abandoning the project in late 2011 due to environmental concerns and doubts about its economic viability, and with its partners still keen on it, Bulgaria has now pulled out unilaterally.

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