TODAY.AZ / Business

RWE Director General on commercial issues: "Europe is interested in the implementation of Nabucco project"

02 June 2008 [15:57] - TODAY.AZ
President of the State Oil Company Rovnag Abdullayev received director general on commercial issues Stephan Judich and director general on operative issues of RWE company Tomas Rappun.
Day.Az reports with reference to the press service for SOCAR that R.Abdullayev informed the visitors about the 15th conference and exhibit "Caspian oil and gas -2008" to start operating tomorrow.

He said SOCAR will participate in this exhibition with high achievements. He noted that oil production is expected to be 50,000,000 tons this year and gas extraction is expected to rise at the cost of the first phase of the Shah Deniz project. R.Abdullayev noted that Azerbaijan plays important role in ensuring energy security of Europe.

Judich noted that RWE is among sponsors of the conference. He displayed RWE interest as a Nabucco project participant in Shah Deniz project. Speaking about causes of delay of Nabucco works, he explained this by the need to reduce rist of investing. He said the whole Europe is interested in Nabucco project implementation. Judich also informed about the talks on this issue in Turkey and Turkmenistan.

In turn, Rappun noted that his company works in many regions of the world and has wide experience.

The sides also exchanged views on the issues of mutual concern.

/Day.Az/
URL: http://www.today.az/news/business/45364.html

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