The Pan-European Oil Pipeline (PEOP) is a proposed oil pipeline from Constanţa in

Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...

via

Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...

and

Croatia Croatia, officially the Republic of Croatia, is a country in Central Europe, Central and Southeast Europe, on the coast of the Adriatic Sea. It borders Slovenia to the northwest, Hungary to the northeast, Serbia to the east, Bosnia and Herze ...

Rijeka Rijeka (; Fiume ( �fjuːme in Italian and in Fiuman dialect, Fiuman Venetian) is the principal seaport and the List of cities and towns in Croatia, third-largest city in Croatia. It is located in Primorje-Gorski Kotar County on Kvarner Ba ...

and from there through

Slovenia Slovenia, officially the Republic of Slovenia, is a country in Central Europe. It borders Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the south and southeast, and a short (46.6 km) coastline within the Adriati ...

Trieste Trieste ( , ; ) is a city and seaport in northeastern Italy. It is the capital and largest city of the Regions of Italy#Autonomous regions with special statute, autonomous region of Friuli-Venezia Giulia, as well as of the Province of Trieste, ...

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

. The aim of the pipeline is to bypass

Turkish straits The Turkish Straits () are two internationally significant waterways in northwestern Turkey. The Straits create a series of international passages that connect the Aegean and Mediterranean seas to the Black Sea. They consist of the Dardanelles ...

in the transportation of Russian and

Caspian Caspian can refer to: *The Caspian Sea *The Caspian Depression, surrounding the northern part of the Caspian Sea *The Caspians, the ancient people living near the Caspian Sea *The Caspian languages spoken in northern Iran and southeastern Azerbaij ...

oil to Central Europe. In Trieste the pipeline will be connected with the Transalpine Pipeline, running to Austria and Germany.

History

The project was originally proposed in 2002. Signing of the memorandum of understanding on the construction of the pipeline was several times delayed until on 3 April 2007 it was signed by officials of Croatia, Italy, Romania, Serbia, and Slovenia during an energy forum in

Zagreb Zagreb ( ) is the capital (political), capital and List of cities and towns in Croatia#List of cities and towns, largest city of Croatia. It is in the Northern Croatia, north of the country, along the Sava river, at the southern slopes of the ...

. On 22 April 2008 Romanian, Serbian and Croatian companies signed an agreement establishing the Pan-European Oil Pipeline Project Development Company (PEOP PDC). On 10 July 2008 Shareholders adopted the Statute and appointing the Managing Board of the PEOP PDC Plc. The national governments of

Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...

and

are favorable about the project. Most engaged is the President of Romania,

Traian Băsescu Traian Băsescu (; born 4 November 1951) is a Romanian politician who served as the president of Romania from 2004 to 2014. Prior to his presidency, Băsescu served as Romanian minister of transport on multiple occasions between 1991 and 2000, ...

, who has cited a study estimating the benefits of the project for Romania over 20 years of operation in the range between US$2.27 to 4.39 billion. The Government of Serbia is also politically motivated so as to decrease its dependence on crude oil supply from Croatia. In 2006, the Government of

did not support the project because the long stretch would pass the environmentally sensitive

Karst Karst () is a topography formed from the dissolution of soluble carbonate rocks such as limestone and Dolomite (rock), dolomite. It is characterized by features like poljes above and drainage systems with sinkholes and caves underground. Ther ...

terrain and no national interest exists regarding oil supply. Nevertheless, Slovenian representatives in 2009 expressed support for the project. On January 15, 2010, JANAF decided to freeze its involvement in PEOP. The Romanian and Serbian companies responded by saying they would still build the pipeline from the

Black Sea The Black Sea is a marginal sea, marginal Mediterranean sea (oceanography), mediterranean sea lying between Europe and Asia, east of the Balkans, south of the East European Plain, west of the Caucasus, and north of Anatolia. It is bound ...

to the Pančevo refinery.

Technical description

The long pipeline is expected to cost about €3.5 billion. The capacity of the pipeline will be . It is planned to be operational by 2012.

Project company

The pipeline project is developed by the London-registered Pan-European Oil Pipeline Project Development Company, comprising Romanian companies Conpet Ploiești and Oil Terminal Constanța, Serbian company Transnafta and Croatian company JANAF. One of the main purposes of the company is promotion of the Pan European Oil Pipeline and subsequently attracting new investors.Pan European Oil Pipeline
/ref> Italian and Slovenian companies are invited to participate in the project.

References

External links

INOGATE Map of Crude Oil Pipelines in Europe
{{coord missing, Romania Proposed pipelines in Europe Oil pipelines in Romania Oil pipelines in Serbia Oil pipelines in Croatia Cancelled energy infrastructure Black Sea energy

History

Technical description

Project company

See also

References

External links