The Albania-Macedonia-Bulgaria Oil Pipeline (AMBO)The AMBO pipeline project entails a proposed 570-mile, 750,000-barrel-per-day (bbl/d) pipeline connecting the Bulgarian Black Sea port of Burgas with the
Albanian Adriatic port of Vlore. AMBO allows sea borne oil exports from Russia and the Caspian Sea region to flow overland between the Black Sea to the
Adriatic, bypassing Turkey's increasingly congested Bosporus and Dardanelles (see map). With oil exports from the Caspian Sea region projected to increase rapidly
in the next decade, the AMBO pipeline proposal is one of several "Bosporus bypass" oil pipeline proposals that are currently under consideration or in development.
A feasibility study for the AMBO project, funded by the U.S. government, was successfully completed in September 2002, with the Albanians approving the
proposed route across their territory in December 2003. The project is estimated to cost $1.2 billion, of which $930 million will be provided by international donors
such as the World Bank, the European Bank for Reconstruction and Development, the International Monetary Fund, the U.S. Export-Import Bank and the U.S.
Overseas Private Investment Corporation. Construction is expected to begin in 2005, and to be completed by 2008. The AMBO Pipeline Corporation, based in
New York, has been established with exclusive rights to develop the project.
Albanian Adriatic port of Vlore. AMBO allows sea borne oil exports from Russia and the Caspian Sea region to flow overland between the Black Sea to the
Adriatic, bypassing Turkey's increasingly congested Bosporus and Dardanelles (see map). With oil exports from the Caspian Sea region projected to increase rapidly
in the next decade, the AMBO pipeline proposal is one of several "Bosporus bypass" oil pipeline proposals that are currently under consideration or in development.
A feasibility study for the AMBO project, funded by the U.S. government, was successfully completed in September 2002, with the Albanians approving the
proposed route across their territory in December 2003. The project is estimated to cost $1.2 billion, of which $930 million will be provided by international donors
such as the World Bank, the European Bank for Reconstruction and Development, the International Monetary Fund, the U.S. Export-Import Bank and the U.S.
Overseas Private Investment Corporation. Construction is expected to begin in 2005, and to be completed by 2008. The AMBO Pipeline Corporation, based in
New York, has been established with exclusive rights to develop the project.
1 comment:
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