Nabucco shareholders to discuss project implementation in Vienna

Nabucco shareholders to discuss project implementation in Vienna Shareholders of Nabucco gas pipeline project will discuss project implementation issues at a meeting in Vienna on Tuesday. “We confirm that there is a regular shareholders meeting of the Nabucco shareholders in Vienna today. Shareholders meetings take place on a monthly basis and we discuss the project related topics,” Reinhard Mitschek, Managing Director, Nabucco Gas Pipeline... Read More

US is confidence in Nabucco feasibility faltering

US is confidence in Nabucco feasibility faltering Full implementation of the Nabucco gas pipeline project becomes less likely every year, a US State Department official was quoted by Russian RIA Novosti news agency as saying. ” It has become clear that it is more difficult to implement the project from the financial and temporal points of view,” Richard Morningstar, US Special Envoy for Eurasian Energy, told a conference, “Natural... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More