Progress on pipeline deal

Greece, Russia and Bulgaria will finalize the text of a delayed $1 billion (-772 million) pipeline deal early next month that aims to transport Russian petrol to the Mediterranean region, the Development Ministry said yesterday. Representatives from the three countries are expected to meet on February 7 at the Black Sea port of Burgas in Bulgaria to hammer out the final details of the agreement. «During previous meetings the governments of the three countries agreed to hold a tripartite meeting on February 7 in Burgas, Bulgaria, with the intention of finalizing the content of the agreement,» said Development Minister Dimitris Sioufas. When completed, the 280-kilometer (175-mile) pipeline will link Burgas with the Aegean Sea port of Alexandroupolis, providing an alternative transit route for fuel around the crowded Bosporus in Turkey.