ID :
183381
Fri, 05/20/2011 - 15:58
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http://m.oananews.org//node/183381
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SOCAR, OMV sign memorandum of mutual understanding
Azerbaijan, Baku, May 20 / Trend /
SOCAR and Austrian company OMV signed a memorandum of understanding on bilateral cooperation, SOCAR said.
The memorandum was signed within a meeting between SOCAR head Rovnag Abdullayev and the delegation members headed by OMV Executive Director. The sides discussed the possibilities of cooperation in the sphere of production, transportation and oil and gas marketing.
OMV is one of Nabucco gas pipeline project participants.
Nabucco project envisages gas supplies from the Caspian region and the Middle East to the EU countries. The pipeline’s maximum capacity will hit 31 billion cubic meters per year. The pipeline’s construction is scheduled for 2013, while the first gas supplies via the pipeline are expected in 2017. The main suppliers for the Nabucco project are considered Azerbaijan, Iraq and Turkmenistan.
SOCAR and Austrian company OMV signed a memorandum of understanding on bilateral cooperation, SOCAR said.
The memorandum was signed within a meeting between SOCAR head Rovnag Abdullayev and the delegation members headed by OMV Executive Director. The sides discussed the possibilities of cooperation in the sphere of production, transportation and oil and gas marketing.
OMV is one of Nabucco gas pipeline project participants.
Nabucco project envisages gas supplies from the Caspian region and the Middle East to the EU countries. The pipeline’s maximum capacity will hit 31 billion cubic meters per year. The pipeline’s construction is scheduled for 2013, while the first gas supplies via the pipeline are expected in 2017. The main suppliers for the Nabucco project are considered Azerbaijan, Iraq and Turkmenistan.
