Bulgaria, Greece and Russia will sign on March 15 in Athens another contract related to the project for building an oil pipeline, the Bulgarian regional ministry announced. The 280km pipeline from the Bulgarian Black Sea port of Burgas to the Greek Aegean Sea of Alexandroupolis is estimated to cost EUR 783mn. The latest draft agreement between Bulgaria , Greece and Russia was signed on Feb 7. Russian firms will control 51% of the pipeline while Bulgarian and Greek firms will hold stakes of 24.5% each. Regional minister Gagauzov also stated the government will most likely sell out its stake to a private investor at a later stage. The signing of the contract was previously planned for the beginning of this week but was delayed later on, according to a statement of the Russian energy ministry.