Burgas–Alexandroupoli Pipeline
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Burgas–Alexandroupoli Pipeline
The Burgas–Alexandroupoli pipeline was a proposed oil pipeline project for transportation of Russian and Caspian oil from the Bulgarian Black Sea port of Burgas to the Greek Aegean port of Alexandroupoli. It was seen as an alternative route for Russian oil, bypassing the Bosporus and the Dardanelles. However, in December 2011 the project was suspended by the Bulgarian government due to environmental and supply concerns. Bulgaria is seeking to revive this idea, and the idea was once again proposed in 2023 due to the Invasion of Ukraine. History The pipeline project was proposed in 1993–1994 by several Russian and Greek companies. In 1994, for construction of the pipeline Greece and Bulgaria signed a bilateral agreement, followed by a memorandum of cooperation, signed by Greece and Russia. In February 1998, a Greek consortium for pipeline construction named Bapline was established, and in May 1998, a memorandum of creation of the Transbalkan Oil Pipeline Company was sign ...
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Petroleum
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refining, refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric life, prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by oil drilling, drilling, which is done after a study of the relevant structural geology, sedimentary basin analysis, analysis of the sedimentary basin, and reservoir characterization, characterization of the petroleum reservoir. There are also unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil sh ...
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Dardanelles
The Dardanelles ( ; ; ), also known as the Strait of Gallipoli (after the Gallipoli peninsula) and in classical antiquity as the Hellespont ( ; ), is a narrow, natural strait and internationally significant waterway in northwestern Turkey that forms part of the continental boundary between Asia and Europe and separates Asian Turkey from European Turkey. Together with the Bosporus, the Dardanelles forms the Turkish Straits. One of the world's narrowest straits used for International waterway, international navigation, the Dardanelles connects the Sea of Marmara with the Aegean Sea, Aegean and Mediterranean Sea, Mediterranean seas while also allowing passage to the Black Sea by extension via the Bosporus. The Dardanelles is long and wide. It has an average depth of with a maximum depth of at its narrowest point abreast the city of Çanakkale. The first fixed crossing across the Dardanelles opened in 2022 with the completion of the 1915 Çanakkale Bridge. Most of the northe ...
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LUKOIL Neftochim Burgas
LUKOIL Neftohim Burgas (), based in Burgas, Bulgaria, sometimes spelt "Neftochim Burgas," is the largest oil refinery in the Balkans and the largest industrial enterprise in Bulgaria. Owned by Russian oil giant LUKOIL, the refinery has the biggest contribution among the privately owned enterprises to the country's GDP and to the state budget revenues. LUKOIL Neftohim Burgas is the leading producer and supplier of liquid fuels, petrochemicals and polymers for Bulgaria and the region and one of the leading companies in its field in Europe. History The refinery became operational in 1964 and joined the Lukoil Group in 1999. With some improvements undertaken over the year that refinery has a capacity to process 7 million tonnes a year. Crude oil arrives by sea to the nearby port terminal of Burgas Rosenetz before being piped to the refinery. In 2011 Lukiol was given a 35 year concession to run the Rosnetz oil terminal. In November 2021, Competition commission of Bulgaria accused ...
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Boyko Borisov
Boyko Metodiev Borisov (, born 13 June 1959) is a Bulgarian politician who served as Prime Minister of Bulgaria on three separate occasions, serving a total of 9 years between 2009 and 2021, making him the country's longest-serving post-communist Prime Minister. A member of the GERB party, which he founded and currently leads, he previously served as Mayor of Sofia from 2005 to 2009. Borisov remains politically active to date and is currently a Member of the National Assembly. Borisov was elected mayor of Sofia in 2005. In December 2005, he was the founding chair of the conservative political party Citizens for European Development of Bulgaria (GERB), becoming its lead candidate in the 2009 general election. Borisov led GERB to a landslide victory in 2009, defeating the incumbent Socialist Party, and resigned as mayor of Sofia to be sworn in as prime minister. He resigned in 2013, after nationwide protests against the government's energy policy, but after leading GERB to vi ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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Upstream (newspaper)
''Upstream'' is an independent oil and gas industry upstream sector news site. The publication is owned by DN Media Group. It is headquartered in Oslo, Norway. The newspaper covers the upstream sector of the global oil and gas industry with full-time staff correspondents in all the major centres of the industry. It is published every Friday. Upstream had full-time reporters based in its head office in Oslo, as well as bureaux and correspondents in London, Moscow, Accra, New Delhi, Singapore, Wellington, Rio de Janeiro and Houston. Its editor in chief is Leia Parker. The newspaper was founded in 1996 to compete with well-established rivals including ''Oil & Gas Journal'', '' Petroleum Intelligence Weekly'', and '' Offshore Engineer''. It covers all aspects of the upstream industry, but focuses especially on news related to business, policy and the sector's key players as well as the commercial side of the industry. Coverage includes exploration, field development, contracts, ...
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Kostas Karamanlis
Konstantinos A. Karamanlis (; born 14 September 1956), commonly known as Kostas Karamanlis (, ), is a Greek retired politician who served as Prime Minister of Greece, prime minister of Greece from 2004 to 2009. He was also president of the Centre-right politics, centre-right New Democracy (Greece), New Democracy party, founded by his uncle Konstantinos Karamanlis, from 1997 to 2009, and a member of the Hellenic Parliament from 1989 to 2023. Karamanlis was first elected as a member of the Hellenic Parliament for New Democracy in June 1989 Greek legislative election, 1989 and became president of the party in 1997. After leading the opposition in the Hellenic Parliament for seven years and his narrow defeat in the 2000 Greek legislative election, 2000 parliamentary election, he served as the List of Prime Ministers of Greece, 181st Prime Minister of Greece for two consecutive terms, winning the 2004 Greek legislative election, 2004 election, with an all-time record number of votes, ...
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Sergey Stanishev
Sergey Dmitrievich Stanishev ( ; born 5 May 1966) is a Bulgarian politician who served Prime Minister of Bulgaria from 2005 to 2009. A member of the Socialist Party, which he led from 2001 to 2014, he later served as Member of the European Parliament from 2014 to 2024. Stanishev was also the President of the European Socialists from 2011 to 2022 and a Member of the National Assembly from 1997 to 2005 and from 2009 to 2014. Early life, education and career Stanishev was born in 1966, in Kherson, Ukrainian SSR (Soviet Union), to Dinah Sergeevna Muhina, a Soviet citizen and , a Bulgarian Communist official who headed the Bulgarian Communist Party's foreign policy department and would later become secretary of the party central committee. After beginning his schooling in Soviet Russia, he then graduated from the 35 SOU "Dobri Voynikov" in Sofia. Stanishev subsequently graduated from Moscow State University in 1989 and obtained his candidate degree (PhD-equivalent) in 1994 bot ...
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Vladimir Putin
Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012. He is the longest-serving Russian president since the independence of Russia from the Soviet Union. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of Lieutenant colonel (Eastern Europe), lieutenant colonel. He resigned in 1991 to begin a political career in Saint Petersburg. In 1996, he moved to Moscow to join the administration of President Boris Yeltsin. He briefly served as the director of the Federal Security Service (FSB) and then as Secretary of the Security Council of Russia, secretary of the Security Council of Russia before Putin's rise to power, being appointed prime minister in August 1999. Following Yeltsin's resignation, Putin became Actin ...
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Athens
Athens ( ) is the Capital city, capital and List of cities and towns in Greece, largest city of Greece. A significant coastal urban area in the Mediterranean, Athens is also the capital of the Attica (region), Attica region and is the southernmost capital on the European mainland. With its urban area's population numbering over 3.6 million, it is the List of urban areas in the European Union, eighth-largest urban area in the European Union (EU). The Municipality of Athens (also City of Athens), which constitutes a small administrative unit of the entire urban area, had a population of 643,452 (2021) within its official limits, and a land area of . Athens is one of the List of oldest continuously inhabited cities, world's oldest cities, with its recorded history spanning over 3,400 years, and its earliest human presence beginning somewhere between the 11th and 7th millennia BCE. According to Greek mythology the city was named after Athena, the ancient Greek goddess of wisdom, ...
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Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ...
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