SOFIA, Bulgaria, Dec. 7 (UPI) -- The Burgas-Alexandroupolis oil pipeline to the Aegean Sea is neither profitable nor in the national interest of Bulgaria, the Bulgarian prime minister said.
Bulgarian Prime Minister Boyko Borisov said he would publish the contract for the pipeline, which was signed by the previous government, in order to prove the project is not a good idea, the Sofia News Agency reports.
"The contract is not profitable for Bulgaria and does not protect its national interests," he said.
The center-right government announced it would reconsider its options for the oil pipeline, as well as the South Stream gas pipeline and a nuclear power plant in Belene, when it took office in July.
Several Bulgarian municipalities, meanwhile, expressed concern over the environmental impact of the oil pipeline.
Russia, Bulgaria and Greece agreed in 2007 to move forward with the 174-mile pipeline from the Black Sea to the Aegean Sea along an overland route.
The $900 million Burgas-Alexandroupolis oil pipeline is slated for completion near the end of 2011.
