Bank Of Baku

Nabucco Project Support Agreement to be signed in Kayseri, June 8

Nabucco Project Support Agreement to be signed in Kayseri, June 8
# 02 June 2011 09:22 (UTC +04:00)
The agreement will be signed by the companies representing Austria, Hungary, Germany, Bulgaria, Romania and Turkey and the governments of transit countries. The agreement will ensure the coordination of national legislations and elimination of possible contradictions for the realization of the pipeline project. Managing director of Nabucco consortium Reinhard Mitschek welcomed the upcoming signing ceremony: “The Project Support Agreement is a significant step in the development of Nabucco project. This agreement is a necessary condition for the financing the project”. The agreement will strengthen the obligation of every government for the support of the project.

Earlier Turkish Minister of Energy and Natural Resources Taner Yildiz said the agreement on Nabucco would be signed in Kayseri on June 6.
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THE OPERATION IS BEING PERFORMED