The aim of the pipeline is to bypass Turkish straits in the transportation of Russian and Caspian oil to Central Europe.

[2] On 10 July 2008 Shareholders adopted the Statute and appointing the Managing Board of the PEOP PDC Plc.

[4] In 2006, the Government of Slovenia did not support the project because the 29 kilometres (18 mi) long stretch would pass the environmentally sensitive Karst terrain and no national interest exists regarding oil supply.

The Romanian and Serbian companies responded by saying they would still build the pipeline from the Black Sea to the Pančevo refinery.

One of the main purposes of the company is promotion of the Pan European Oil Pipeline and subsequently attracting new investors.