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

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

via

Serbia Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hung ...

and

Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capit ...

Rijeka Rijeka ( , , ; also known as Fiume hu, Fiume, it, Fiume ; local Chakavian: ''Reka''; german: Sankt Veit am Flaum; sl, Reka) is the principal seaport and the third-largest city in Croatia (after Zagreb and Split). It is located in Prim ...

and from there through

Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, and ...

Trieste Trieste ( , ; sl, Trst ; german: Triest ) is a city and seaport in northeastern Italy. It is the capital city, and largest city, of the autonomous region of Friuli Venezia Giulia, one of two autonomous regions which are not subdivided into pr ...

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...

. The aim of the pipeline is to bypass Turkish straits 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 * Caspian languages, collection of languages and dialects of Caspian p ...

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 and largest city of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb stands near the international border between Croatia and Sl ...

. 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

and

Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capit ...

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

Traian Băsescu Traian Băsescu (; born 4 November 1951) is a conservative Romanian politician who served as President of Romania from 2004 to 2014. Prior to his presidency, Băsescu served as Romanian Minister of Transport on multiple occasions between 1991 a ...

, 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 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 mediterranean sea of the Atlantic Ocean 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 bounded by Bulgaria, Georgia, ...

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