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Romania, Croatia to sign oil pipeline Memorandum

Vineri, 9 februarie 2007, 0:00

Romania and Croatia may sign this year a Memorandum for the Constanta - Trieste oil pipeline development, prime minister Calin Popescu Tariceanu, after meeting the Croatian homologue, Ivo Sanader.

The Constanta-Trieste pipeline would cross 1,360 kilometers and is conceived as a part of the pipeline transporting Black Sea oil to the European market. The capacity is designed for 112 million tons of oil per year, costs adding up to 2.2-4.6 billion dollars.
The inter-state surveillance committee for the project is formed by Romania, Serbia and Croatia, with Italy and Slovenia as observers.

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