Bulgaria and Greece signed a memorandum of cooperation to explore the opportunities for building an oil pipeline between Alexandroupolis and Burgas. The document was signed by the energy ministers of the two countries during President Rumen Radev's visit to Athens. They also signed a memorandum of cooperation in guaranteeing the security, supply and storage of natural gas.

The Alexandroupolis-Burgas oil pipeline is strategic, it provides an opportunity for effective diversification and for alternative supplies of non-Russian oil to the Burgas refinery, which is the largest in the Balkans. The pipeline will prevent long waits and the risk of tankers crossing the straits, President Radev said.

"I can foresee that this cooperation will continue in the future. It is a clear proof of how countries can cooperate for the benefit of their citizens. Greece and Bulgaria can become energy suppliers for the whole continent," Greek Prime Minister Kyriakos Mitsotakis commented.