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Article: Romania, Croatia, Serbia sign agreement on Constanta-Trieste oil pipeline
- Article from:
- Xinhua News Agency
- Article date:
- April 22, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Romania, Croatia, Serbia sign agreement on Constanta-Trieste oil
pipeline
BUCHAREST, April 22 (Xinhua) -- Romania, Croatia and Serbia
signed here on Tuesday an agreement on the setting up of a company
to develop the Pan European Oil Pipeline (PEOP) linking the Romanian
Black Sea port of Constanta to Trieste, Italy.
"The project company will be registered in 45 days in London,
where it will have its social headquarters," State Secretary at the
Romanian Economy Ministry Viorel Palasca said.
The company will have 2,100 shares carrying a par value of 100
pounds sterling. Romania will hold one third of the company's share
capital, via the two companies appointed to represent Bucharest in
the ...