Construction for Romania-Italy pipeline to start in 2007

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Monday, February 28, 2005

Bucharest, Romania — The construction of the oil pipeline linking Constanţa, Romania with Trieste, Italy could commence as soon as 2007, claims Eugen Tapu, the Romanian State Secretary in the Economy and Trade Ministry. The exact date will depend on how fast the countries involved in the project can sign the project.

The pipeline will run from Constanţa, Romania's largest port on the Black Sea, through Romania, Serbia, Croatia, Slovenia before ending up in Trieste, northern Italy. Tapu named Chevron Texaco, British Petroleum and OMV among the companies interested in the project.

The oil pipeline is expected to cost Romania 1.9 billion euro.

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