Last Wednesday, the Former Yugoslav Republic of Macedonia (FYROM), Albania and Bulgaria agreed to build an east-west pipeline from Burgas to the Albanian port of Vlore. The 895-kilometer pipeline is due to be completed in 2010, costing an estimated $1.2 billion (EUR927 million), the Associated Press reported.
The AMBO pipeline will have a 750,000 barrels per day capacity.
(The Associated Press)