Russian Transneft Rebuts Scrapping Burgas-Alexandroupolis Oil Line.

Shareholders in the project to build the Burgas-Alexandroupolis oil pipeline have no intentions of giving up on it, the CEO of the Russian oil giant Transneft, Igor Demin, says.

According to Demin, cited by the Russian news agency ITAR-TASS, halting the project had never been put on the table and redirecting the oil to another pipeline is not in the works.

Demin announced that during the Thursday shareholders meeting in Rome, participants only plan to discuss Bulgaria's and Greece's overdue payments for the project.

Bulgaria's financing amounts to EUR 7.3 M, and Greece's â to EUR 1.29 M.

Demin further informed the meeting must decide on reducing to the minimum the full-time, permanent employees and administrative staff of the project...