Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (65703)	5/21/2007 1:45:15 PM
From: Haim R. Branisteanu	Respond to of 116555

Southeast European Oil Pipeline Deal Signed Five southeastern European countries have agreed to start work on a 1,400-kilometer Pan-European Oil Pipeline (PEOP), estimated to cost between $2 billion and $3.5 billion. The pipeline would connect Romania's Black Sea port of Constanta with Trieste in Italy. The declaration was signed in Zagreb today by top officials from Romania, Serbia, Croatia, Slovenia, and Italy. Correspondents say the project fits with Europe's aim of reducing its reliance on Russia and the Middle East for its energy needs. The pipeline is due for completion by 2012. It will supply refineries in northern Italy and central Europe with crude from the Caspian, notably from Kazakhstan and Azerbaijan. The route may also be used to transport natural gas. Most parts of the pipeline are already in place. It is necessary to build a part connecting the Romanian city of Pitesti with Pancevo in Serbia, and a stretch between Croatia's northern Adriatic through Slovenia to Trieste. Source: Reuters