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At the press conference following talks with Greek Prime Minister Konstantinos Karamanlis, President Vladimir Putin pointed out that constructing the Burgas-Alexandroupolis pipeline is an important project both for Russia and for Europe. It will increase the supplies of Russian oil not only to Greece but to European markets generally. Vladimir Putin emphasized that Russia has chosen a draft project for the Burgas-Alexandroupolis pipeline and will consistently implement it.

The head of state also declared that Russia is ready to continue working with Greece within the Southern Stream pipeline project until 2040 and by doubling the volumes of gas delivered to Europe.