South Stream Transport signs agreement with Bulgarian ports
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Pipelines,
South Stream Transport has signed an option agreement for the storage and handling of pipe segments with the Port of Varna and the Port of Burgas, Bulgaria. The agreement will aid construction of the South Stream Offshore Pipeline.
South Stream Offshore Pipeline
The pipeline will consist of four parallel pipelines through the Black Sea, each made up of over 75 000 pipe segments. The pipes will be stored in marshalling yards at harbours on the shore in Bulgaria and shipped to specialised pipelaying vessels when construction starts in 2014.
Ports to aid pipeline construction and local economy
South Stream Transport has identified suitable storage areas at the Port of Burgas, the Port of Varna East and the Port of Varna West. "The marshalling yards in Bulgaria will play a key role in the logistics for laying the offshore pipeline and we are very happy to have come to an agreement with the two Bulgarian ports. This brings additional business to Bulgaria and at the same time ensures timely implementation of the South Stream Offshore Pipeline," said Oleg Aksyutin, Chief Executive Officer of South Stream Transport. The ports will be used for marshalling yards and related logistics services during pipeline construction for a period of four to six years.
Bozhidar Chaparov, Executive Director of the Port Varna EAD, commented on the agreement: "In its 108-year history, the Port of Varna has proved to be the biggest port operator in Bulgaria. In 2013, we processed over 10.7 million t of cargo. Our extensive experience, the equipment we provide and our excellent storage facilities mean we can confidently meet this new challenge."
“The Port of Burgas is the deepest port in Bulgaria and has an excellent technical infrastructure for the implementation of the offshore part of the South Stream Offshore Pipeline,” said Georges Dereliev, Executive Director of Maritime Port Bourgas EAD. "The agreement with South Stream Transport will be beneficial for both the port and the economy in the region of Burgas and will provide new jobs."
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldpipelines.com/business-news/17012014/south_stream_transport_signs_agreement_with_bulgarian_ports_36/
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