Turkish steel company to attend meeting for Nabucco project

A Turkish steel company has received an invitation from the Nabucco International Company, or NIC, to attend a status report meeting in Vienna for the Nabucco gas pipeline project, Hurriyet Daily news reported with reference to the Turkish company's statement.

NIC invited Özbal Çelik Boru, producer of steel pipes, to attend a meeting on Aug. 22 at its Vienna headquarters.

The Turkish pipe producer Ozbal Celik Boru plans to cover at least 15 percent of the Nabucco gas pipeline project’s pipe needs, Trend reported earlier. The company’s Chairman Yucehan Ozture said the company's production volumes allow them to fully meet Nabucco's demands and that Ozbal Celik Boru is capable of satisfying Nabucco’s pipe needs both from a financial and technical point of view.

The participants will also discuss the logistics and procurement procedures in the framework of the project.

The length of the pipeline that will pass through Turkey is 2,581 kilometers, which translates into some $2.5 billion euros in monetary terms, the bourse statement said.

The Nabucco project is designed to transport gas from the Caspian region and the Middle East to EU countries. The project is worth 7.9 billion euro, with its construction planned to start in 2012 and the first supplies to be commissioned in 2015.

The project's participants include the Austrian OMV, Hungarian MOL, Bulgarian Bulgargaz, Romanian Transgaz, Turkish Botas and the German RWE.

"The actual tender on pipe supplies depends on the ongoing gas-supply negotiations between shareholders and suppliers," the project representative Christian Dolezal told Trend earlier.


/Trend/