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Negotiations over AMBO with two companies.

Two European companies are interested in investing in the construction of the oil pipeline AMBO. The authors of the project that has been in a state of limbo for over 15 years say that AMBO relative to its rivals Nabucco, the North, South and Blue Streams, can be realized fastest. In their view, this year a new impetus will be given to the realization of this massive undertaking important for Macedonia and the region.

The state institutions included in the creation of conditions for the AMBO project say that when the investors succeed in realizing their responsibilities there is no reason why the pipeline should not be built. The bilateral protocols for the entry and exit points with Albania and Bulgaria were signed in 2006 and 2007 respectively, which has completed the legal framework for realization of the project.

Experts warn that the authorities are passive and have not evaluated how to offer themselves as partners to the great powers. Professor Hristo Kartalov believes that Macedonia has to offer also a suitable participation in the construction of the oil pipeline to prove that such an infrastructure project is important to it.

AMBO should connect the Black Sea to the Adriatic and run through Bulgaria, Macedonia and Albania. According to the initial assessments, the realization of the project will cost 1.5 billion dollars and Macedonia will generate 20 million dollars a year only from transit.
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Title Annotation:BUSINESS NEWS
Publication:INFOMAC Daily News Service
Date:May 17, 2010
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