Shareholders

The Agreement between the Government of the Russian Federation, the Government of the Republic of Bulgaria and the Government of the Hellenic Republic Relating to the Cooperation in the Construction and the Operation of the "Burgas-Alexandroupolis" Oil Pipeline established the following distribution of Trans-Balkan Pipeline B.V. share capital among the participants:  

51.0%

Russian participant:

-

Pipeline Consortium

“Burgas-Alexandroupolis” Ltd.;

24.5%

Bulgarian participant:

-

Joint stock company “Project Company Oil Pipeline Burgas-Alexandroupolis – BG” AD;

24.5%

Greek participants:

-

-

Helpe-Thraki A.E.” (23.5%);

Hellenic Republic (1%)

The single Russian participant (Pipeline Consortium “Burgas-Alexandroupolis” Ltd.) was founded jointly by three companies: “АК “Transneft” (33.34%), “NK “Rosneft” (33.33%) and “Gazrpom Neft” (33.33%).

The sole Shareholder of the single Bulgarian participant (Joint stock company “Project Company Oil Pipeline Burgas-Alexandroupolis – BG” AD) is the Ministry of Finance of the Bulgarian Republic.

The Greek participant (“Helpe-Thraki A.E.”) was founded jointly by “Hellenic Petroleum” (25%) and “Thraki” (75%).