AMBO pipeline
AMBO pipeline was a planned oil pipeline from the Bulgarian Black Sea port of Burgas via the Republic of Macedonia to the Albanian Adriatic port of Vlorë. History The pipeline was proposed in 1993. On 27 December 2004, prime-ministers of Albania, the Republic of Macedonia and Bulgaria signed the latest political declaration, followed by the memorandum of understanding between representatives of Albania, the Republic of Macedonia and Bulgaria and Ted Ferguson, the president and CEO of AMBO. On 30 October 2006, Albania and the Republic of Macedonia signed a protocol to determinate the entrance points of the pipeline. The entrance point will be Stebleve village in Albania and Lakaica village in the Republic of Macedonia. A similar protocol between Bulgaria and the Republic of Macedonia was signed later in 2006. On 31 January 2007, the Republic of Macedonia, Bulgaria and Albania signed a trilateral convention on the construction of the AMBO pipeline. This document was ratified by the Parliaments of all three countries and governed the construction, operation, and maintenance of the pipelines. In 2006, intervention was proposed by Russia (President Putin) with a proposal for a competing pipeline from Burgas to Alexandropoulos in Greece. The financing of this was