Russia is starting to hope that its planned Bourgas-Alexandroupolis oil pipeline may get a new lease on life once producers calculate the cost of shipping oil from the Black Sea via alternative routes. The 700,000 barrel per day line is designed to bypass Turkey’s congested Bosporus Strait. Sources close to Russian pipeline monopoly Transneft, which has been promoting the line, say it would cost a producer $8 per metric ton to ship crude via the 285 kilometer pipe, planned to run from the Bulgarian Black Sea port of Bourgas to Alexandroupolis.
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