Burgas–Alexandroupoli Pipeline
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Burgas–Alexandroupoli Pipeline
The Burgas–Alexandroupoli pipeline was a proposed oil pipeline project for transportation of Russian and Caspian oil from the Bulgarian Black Sea port of Burgas to the Greek Aegean port of Alexandroupoli. It was seen as an alternative route for Russian oil, bypassing the Bosporus and the Dardanelles. However, in December 2011 the project was suspended by the Bulgarian government due to environmental and supply concerns. History The pipeline project was proposed in 1993–1994 by several Russian and Greek companies. In 1994, for construction of the pipeline Greece and Bulgaria signed a bilateral agreement, followed by a memorandum of cooperation, signed by Greece and Russia. In February 1998, a Greek consortium for pipeline construction named Bapline was established, and in May 1998, a memorandum of creation of the Transbalkan Oil Pipeline Company was signed. In 2000, a technical specifications and an economic evaluation of the project were prepared by the German c ...
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Petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasol ...
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Dardanelles
The Dardanelles (; tr, Çanakkale Boğazı, lit=Strait of Çanakkale, el, Δαρδανέλλια, translit=Dardanéllia), also known as the Strait of Gallipoli from the Gallipoli peninsula or from Classical Antiquity as the Hellespont (; grc-x-classical, Ἑλλήσποντος, translit=Hellēspontos, lit=Sea of Helle), is a narrow, natural strait and internationally significant waterway in northwestern Turkey that forms part of the continental boundary between Asia and Europe and separates Asian Turkey from European Turkey. Together with the Bosporus, the Dardanelles forms the Turkish Straits. One of the world's narrowest straits used for international navigation, the Dardanelles connects the Sea of Marmara with the Aegean and Mediterranean seas while also allowing passage to the Black Sea by extension via the Bosporus. The Dardanelles is long and wide. It has an average depth of with a maximum depth of at its narrowest point abreast the city of Çanakkale. Th ...
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Chevron Corporation
Chevron Corporation is an American multinational energy corporation. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in San Ramon, California, and active in more than 180 countries. Chevron is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron traces its history back to the 1870s. The company grew quickly after the breakup of Standard Oil by acquiring companies and partnering with others, especially Texaco. Socal was one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. In 1985, Socal merged with the Pittsburgh-based Gulf Oil and rebranded as Chevron; the newly-merged company later merged with Texaco in 2001. Today, Chevron manufactures and sells fu ...
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LUKOIL Neftochim Burgas
LUKOIL Neftohim Burgas ( bg, ЛУКОЙЛ Нефтохим Бургас), based in Burgas, Bulgaria, is the largest oil refinery in the Balkans and the largest industrial enterprise in Bulgaria. Owned by Russian oil giant LUKOIL, the refinery has the biggest contribution among the privately owned enterprises to the country's GDP and to the state budget revenues. LUKOIL Neftohim Burgas is the leading producer and supplier of liquid fuels, petrochemicals and polymers for Bulgaria and the region and one of the leading companies in its field in Europe. In November 2021, Competition commission of Bulgaria accused Bulgarian branch of “Lukoil” of abuse of market dominance, due to, despite company`s biggest warehouse and logistics infrastructure on local oil market, Lukoil`s withdrawal to stock oil from other companies at Lukoil taxable warehouses, switched to main oil terminals in Bulgaria as well as to provide access to pipes for transportation of imported oil. In return, “LUKOIL ...
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Boyko Borisov
Boyko Metodiev Borisov ( bg, Бойко Методиев Борисов, ; born 13 June 1959) is a Bulgarian politician who served as the prime minister of Bulgaria from 2009 to 2013, 2014 to 2017, and 2017 to 2021, making him Bulgaria's second-longest serving prime minister to date. Borisov was elected Mayor of Sofia in 2005. In December 2005, he was the founding chairman of the conservative political party Citizens for European Development of Bulgaria (GERB), becoming its lead candidate in the 2009 general election. Borisov led GERB to a landslide victory in 2009, defeating the incumbent Socialist Party, and resigned as mayor of Sofia to be sworn in as Prime Minister. He resigned in 2013, after nationwide protests against the government's energy policy, but after leading GERB to victory in the 2014 general election, he became Prime Minister again. His second term ended similarly to his first, after Borisov resigned in January 2017, this time following GERB's defeat in the ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Upstream (newspaper)
''Upstream'' is an independent oil and gas industry upstream sector weekly newspaper and a daily internet news site. The newspaper is owned by NHST Media Group. It is headquartered in Oslo, Norway. The newspaper covers the upstream sector of the global oil and gas industry with full-time staff correspondents in all the major centres of the industry. It is published every Friday. Upstream had full-time reporters based in its head office in Oslo, as well as bureaux and correspondents in London, Moscow, Accra, New Delhi, Singapore, Wellington, Rio de Janeiro and Houston. Its editor in chief is Erik Means. The newspaper was founded in 1996 to compete with well-established rivals including ''Oil & Gas Journal'', ''Petroleum Intelligence Weekly'', and ''Offshore Engineer''. It covers all aspects of the upstream industry, but focuses especially on news related to business, policy and the sector's key players as well as the commercial side of the industry. Coverage includes explorati ...
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Kostas Karamanlis
Konstantinos A. Karamanlis ( el, Κωνσταντίνος Αλεξάνδρου Καραμανλής; born 14 September 1956), commonly known as Kostas Karamanlis ( el, Κώστας Καραμανλής, ), is a Greek politician who served as the 10th Prime Minister of Greece from 2004 to 2009. He was also president of the centre-right New Democracy party, founded by his uncle Konstantinos Karamanlis, from 1997 to 2009, and he is currently a member of the Hellenic Parliament. Karamanlis was first elected as a member of the Hellenic Parliament for New Democracy in 1989 and became president of the party in 1997. After leading the opposition in the Hellenic Parliament for seven years and his narrow defeat in the 2000 parliamentary election, he served as the 181st Prime Minister of Greece for two consecutive terms, winning the 2004 election, with an all-time record number of votes, and again in 2007. However, he asked for mid-term general elections in 2009, as his party enjoyed a ...
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Sergey Stanishev
Sergey Dmitrievich Stanishev ( bg, Сергей Дмитриевич Станишев ; born 5 May 1966) is a Bulgarian politician who is serving as a Member of the European Parliament (MEP). He previously served as President of the Party of European Socialists from November 2011 to October 2022, Prime Minister of Bulgaria from 2005 to 2009, Leader of the Bulgarian Socialist Party from 2001 to 2014 and Member of the National Assembly (Bulgaria), National Assembly from 1997 to 2014. Early life, education and career Stanishev was born in 1966, in Kherson, Ukrainian SSR (Soviet Union), to Dinah Sergeevna Muhina, a Soviet citizen and , a Bulgarian Communist official who headed the Bulgarian Communist Party's foreign policy department and would later become secretary of the party central committee. After beginning his schooling in Soviet Russia, he then graduated from the 35 SOU "Dobri Voynikov" in Sofia. Stanishev subsequently graduated from Moscow State University in 1989 and obta ...
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Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime minister from 1999 to 2000 and from 2008 to 2012, and as president from 2000 to 2008 and since 2012. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of lieutenant colonel before resigning in 1991 to begin a political career in Saint Petersburg. He moved to Moscow in 1996 to join the administration of president Boris Yeltsin. He briefly served as director of the Federal Security Service (FSB) and secretary of the Security Council of Russia, before being appointed as prime minister in August 1999. After the resignation of Yeltsin, Putin became Acting President of Russia and, less than four months later, was elected outright to his first term as president. He was reelected in 2004. As he was constitutionall ...
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Athens
Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates and is the capital of the Attica region and is one of the world's oldest cities, with its recorded history spanning over 3,400 years and its earliest human presence beginning somewhere between the 11th and 7th millennia BC. Classical Athens was a powerful city-state. It was a centre for the arts, learning and philosophy, and the home of Plato's Academy and Aristotle's Lyceum. It is widely referred to as the cradle of Western civilization and the birthplace of democracy, largely because of its cultural and political influence on the European continent—particularly Ancient Rome. In modern times, Athens is a large cosmopolitan metropolis and central to economic, financial, industrial, maritime, political and cultural life in Gre ...
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