Bank Of Baku

UAE’s company learns opportunities to join Nabucco

UAE’s company learns opportunities to join Nabucco
# 11 August 2010 15:30 (UTC +04:00)
Baku. Victoria Dementieva – APA. International Petroleum Investment Company (IPIC), the group of companies from the United Arab Emirates, is learning its opportunities to join the Nabucco project. It is expected to make a final decision in autumn, APA reports quoting The Financial Times Deutschland.

Abu Dabi-based company can give a new impetus to the development of Nabucco project. The company’s assets are estimated at $20 billion. IPIC has 20% of shares of the Austria’s OMV Oil&Gas Company.
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