Romania, Croatia, Serbia, Slovenia and Italy sign oil pipeline declaration
Romania, Croatia, Serbia, Slovenia and Italy have signed declaration on construction of a pipeline to link the Black Sea and Italy, Reuters reports according to Gazeta.Ru. The pipeline’s is to be 1400 kilometers long. The project’s value is $2-3.5 billion. The construction is to be finalized in 2012. The line is to pump Caspian oil from Romania to Italy.