NABUCCO REACHES AGREEMENT WITH HOLDERS, SHAH DENIZ CONSORTIUM

Posted: January 14, 2013 in Burse, Diverse, Politica si politici, Proiect "de Romania"
Tags: , , , , , , , ,

Global Nabucco-Map_medNabucco Gas Pipeline International Gmbh (“NIC”), the shareholders in NIC (“OMV, BOTAS, BEH, Transgaz, RWE, FGSZ, hereinafter Nabucco Shareholders”) and Potential Investors (SOCAR, BP, Statoil and Total) have reached agreement in principle on:


– Joint funding of the development costs of the Nabucco West up to the pipeline selection decision for Shah Deniz’ European export route; and

– The granting to Potential Investors of equity options of 50% to participate as shareholders in NIC following a positive pipeline selection decision by the Shah Deniz Consortium in favour of Nabucco West.

This agreement is being formalised in an Equity Option and Funding Agreement between the Nabucco Shareholders, NIC and the Potential Investors.

More on Bloomberg …. JOINT DECLARATION OF NABUCCO SHAREHOLDERS, NIC,POTENTIAL INVESTORS AND SHAH DENIZ CONSORTIUM DATED 10 JANUARY 2013

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