Pipeliners

23 November 2006 - Upstream onLine - Russia will limit its stake in the $1 billion oil Trans-Balkan pipeline from Bulgaria to Greece to 51%, leaving room for oil companies working in Kazakhstan to join the project, Deputy Energy Minister Andrei Dementyev said. ExxonMobil and Chevron, as well as Shell and TNK-BP, may negotiate for a stake in the pipeline, the official said. The holders of the 49% stake currently allotted to Greece and Bulgaria have yet to be decided, Dementyev said.