Stroytransgaz Vice-President Chosen to Head International Project Company
Friday, February 08, 2008
On February 7, 2008, the International Project Company for the construction of the Burgas-Alexandroupolis oil pipeline (Trans-Balkan Pipeline B.V.) was registered in Amsterdam, The Netherlands. Shareholders, in a unanimous vote, elected the Stroytransgaz Vice-President Sergei Vinnichenko as the Chairman of the Management Board and the CEO (President) of the Company.
During the shareholders’ meeting, representatives of country-participants Russia, Bulgaria, and Greece also chose members of the Supervisory Council and Management Committee.
Background
From 1996 through 2007, within the framework of an international agreement between Russia and Greece for the delivery of natural gas, Stroytransgaz built 446 kilometers of high-pressure gas pipelines with branch connections. In August 2007 Stroytransgaz completed construction of the 53.7-kilometer Komotini-Alexandroupolis gas pipeline.
From 2000 to 2006 Stroytransgaz, as member of the Russian delegation of a three-party (Russia-Bulgaria-Greece) working committee, participated in the development of a concept for the project to build the Burgas-Alexandroupolis oil pipeline. In particular, the company was engaged in detailed development of the construction engineering elements.
