The governments of Greece, Russia and Bulgaria will sign an agreement in April for the construction of a euro 522-million ($700 million) trans-Balkan oil pipeline, the Greek Development Ministry has said.

“We have set April 15 as the final date for the signing of the memorandum,” Greek Deputy Development Minister Giorgos Salagoudis said after a meeting in Moscow.
The group of companies that will take part in the construction “advised wholeheartedly” that the three governments sign the memorandum, Salagoudis said.
The group found “satisfactory” the economic parameters of the project and the answers to the questions the group had submitted to the representatives of the three governments, Salagoudis said.
On January 28, Greece said Russia’s TNK-BP will coordinate plans for the construction of the 285-km  pipeline that will link Bulgaria’s port of Burgas to Greece’s Alexandroupolis on the Aegean Sea.