Russia and Bulgaria will set up a joint venture on the South Stream project by February, 2011, the Novinite.com news portal said on Friday, citing Bulgarian Energy Minister Traicho Traikov.
Earlier on Friday Russia and Bulgaria started talks in the Bulgarian resort of Varna aimed at settling all the economic and technical details of the South Stream project's "road map".
Russia and Bulgaria signed an agreement on the South Stream project in January 2008, and both financial and technical preparations were scheduled to be put together by mid-2010.
