Christian Dolezal: "Revaluation of the Nabucco project will be based on facts"

The current volume of investment needed to complete Nabucco pipeline project is 7.9 billion euros, spokesman for Nabucco Gas Pipeline International’s company Christian Dolezal said.

But there is a tendency of revaluation due to the fact that the evaluation of the project was made in 2005 and since then the investment plan of the pipeline has not been revised.

"Currently, the cost of the Nabucco project is under consideration, and the results will be based on facts. At the same time, the publication of any other data are speculative and inaccurate,"- said Dolezal.

Note that, foreign media spread information on that Nabucco gas pipeline project’s cost rose from ˆ7.9 bn to ˆ12-15 bn.

Remind that, Nabucco gas pipeline project has been considered for exportation of gas through Azerbaijan, Georgia, Turkey, Bulgaria, Hungary, Romania and Austria to the Central Europe. OMV (Austria), MOL (Hungary), Transgas (Romania), Bulgargas (Bulgaria), BOTAS (Turkey) and RWE (Germany) have joined Nabucco Gas Pipeline International GmbH consortium established for this purpose.

Azerbaijani gas will be transported via Nabucco gas pipeline from 2015. Along with Azerbaijani gas, gas of Turkmenistan and Iraq will be transported via this pipeline as well. 1/3 of the project’s cost will be financed by shareholders, other part by financial-credit organizations.


/APA/