A joint general meeting of Shareholders, Supervisory Board and Management Board of Trans-Balkan Pipeline B.V. (ТВР) was held in Amsterdam on December 17-18, 2009.
ТВР management presented to the Shareholders and Supervisory Directors a detailed account of corporate activities in 2009 and the proposed budget for 2010.
The Shareholders and Supervisory Directors heard reports made by the Company’s main partners and advisors on issues of tax structuring, marketing, technical development of the project, key issues pertaining to the development of project finance and other issues of corporate activity.
Trans-Balkan Pipeline B.V. was registered on February 6, 2008, in Amsterdam (the Netherlands) in implementation of the tri-partite agreement between the Governments of Russia, Bulgaria and Greece on the construction and operation of the Burgas-Alexandroupolis oil pipeline, signed in Athens (Greece) on March 15, 2007.