The $1 billion project, which will run 280 kilometers (175 miles) from the Bulgarian Black Sea port of Burgas to Greece's Alexandroupolis, on the Aegean, will allow Russia to export oil through the Black Sea, bypassing the often crowded Bosporus Strait in Turkey.
"Rosneft will participate in this project, at least as a partial user," said Sergei Naryshkin, a member of Rosneft's board of directors and head of the Russian government's administration.
He said the company could also participate in the construction of the pipeline, although the project's financial scheme has not yet been established.
"The financial scheme has not been finalized. It is still being discussed," Naryshkin said.
Russian Prime Minister Mikhail Fradkov earlier said an inter-governmental agreement between Russia, Bulgaria and Greece on the construction of the Burgas-Alexandroupolis pipeline will be signed by the end of 2006.
TNK-BP [RTS: TNBP], a Russian-British oil venture, acts as a project coordinator on the pipeline construction project, which also includes the participation of Russian energy giant Gazprom.
Russian Energy Minister Viktor Khristenko has recently held talks with his Greek and Bulgarian counterparts on the establishment of a trilateral working commission on the pipeline project's implementation in mid-November, 2006.
