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13.12.2018 12:40
The capital of the Burgas-Alexandroupolis pipeline will be increased
The capital of the company will be increased by BGN 120,000 through the issuance of 1200 new shares
AUTHOR: publics.bg

  • The funds for the capital increase is taken into account in the budget of the Ministry of Energy for 2018.
    © Maureen, flickr.com

The capital of "Bourgas-Alexandroupolis BG" project pipeline company will be increased by BGN 120,000 by issuing 1200 new shares, the government's press service announced. The shares will be acquired by the state through the budget of the Ministry of Energy. The decision was taken by the Council of Ministers.

The funds for the capital increase are provided in the budget of the Ministry of Energy for 2018. They are intended to support the project company, as well as to secure the financial commitments of the company as a shareholder in the international company Trans Balkan Pipeline BV, registered in Amsterdam, the Netherlands.
 
"Bourgas-Alexandroupolis BG" is a state-owned joint-stock company in which the Minister of Energy exercises the rights of the sole owner of the capital. Trans Balkan Pipeline BV was established in 2008 under an Intergovernmental Agreement between the Russian Federation, the Republic of Bulgaria and the Hellenic Republic.


TAGS: bourgas | alexandropolis | pipeline | oil | natural gas 


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