Black Sea oil pipeline to start flowing by 2012

Five southern European countries and the Commission signed a declaration on 3 April 2007 to build a pipeline to bring oil from the Black Sea to central European markets by 2012, in a move aimed at reducing the EU's energy dependence.The agreement to link the Black Sea port of Constanta (Romania) and the oil hub of Trieste (Italy) was signed in Zagreb by ministers from Italy, Croatia, Slovenia, Serbia and Romania and Energy Commissioner Andris Piebalgs. The pipeline is expected to be ...

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