Thessaloniki-Skopje Crude oil Pipeline project

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 7858

Status Complete

Location

North Macedonia

Business Sector

Natural Resources

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 7858

Status Complete

Location

North Macedonia

Business Sector

Natural Resources

Notice Type

Private

Environmental Category

Approval Date

19 Dec 2000

Disclosure date

24 Nov 2000

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Construction of a crude oil pipeline from Hellenic Petroleum’s facilities at Thessaloniki to the Okta refinery at Skopje capable of carrying 2.5 million tons of crude oil per annum, reducing transportation costs and providing security of supply to the region.

Transition Impact

The project will encourage links between the oil sector and the rest of the economy through the expansion of the market. The Bank has also engaged in a policy dialogue with the government of FYR Macedonia concerning long-term sector liberalisation. The project will also contribute to regional integration, as the growth of HP’s operations will allow the company to supply neighbouring countries.

The Client

Hellenic Petroleum (HP) is the main sponsor of the project and the largest oil company in Greece. It is pursuing a regional expansion based on its strengths in refining and marketing. HP has the most modern refineries in the region representing 50 per cent of Greek refining capacity and supplying 57 per cent of the Greek crude oil market. The proposed borrower is a subsidiary of HP.

EBRD Finance

A loan of up to US$ 50 million (€59 million). Of this amount, up to US$ 25 million (€29 million) is intended to be syndicated to commercial banks.

Project Cost

The total project cost is US$ 105 million (€123 million).

Environmental Impact

The project has been screened A/0, requiring a full Environmental Impact Assessment (EIA). This was carried out by independent consultants in accordance with EU/Greek, FYR Macedonian and EBRD requirements. While the construction of the pipeline will involve a range of environmental issues, it will reduce transport costs by more than 40 per cent and, on the basis of a risk assessment, significantly reduce the risk of a major hazard accident from the existing rail transportation. Representatives of the EBRD, along with environmental consultants, inspected the full length of the proposed pipeline route. As a result of the environmental and technical studies, the pipeline has now been re-routed to take account of all sensitive environmental and ecological issues. In particular, the pipeline is no longer routed alongside the Vardar and its nearby riparian (wetland wildlife) ecosystems, with the majority of the route now passing through agricultural land of limited ecological importance. A detailed environmental management plan, including an emergency response plan, has been developed to ensure that any unforeseen or unidentified impact is minimised. Public consultation issues are also being addressed as part of the EIA process and in line with the Bank's Public Information Policy.

There is an Environmental and Social Impact Assessment available for this project.

Technical Cooperation

None.

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project ID 7858

Status Complete

Location

North Macedonia

Business Sector

Energy

Environmental Category

Disclosure date

19 Oct 2000

There is a project summary document available for this project.

Full ESIA availability

Full ESIA documentation is available locally at:
EBRD Headquarters in London, environmentandsocial@ebrd.com

This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.

Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.

Last updated 25 June 2014

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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Thessaloniki-Skopje Crude oil Pipeline project

Project timeline

Project Description

Transition Impact

The Client

EBRD Finance

Project Cost

Environmental Impact

Technical Cooperation

Transition impact

PSD last updated

Business opportunities

General enquiries

Public Information Policy (PIP)

Full ESIA availability