Russia and Bulgaria have signed a deal to build the Bulgarian section of the SouthStream pipeline project, bringing Russian gas to Europe under the Black Sea.
The SouthStream project is 50% Russian owned through Gazprom. 20% belongs to Italian oil company ENI, and 15% each is owned by EDF and Germany's BASF. The Bulgarian section will be 540 kilometres long, and cost 3.3 billion euros.
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