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Financial Syndicate for Nabucco Arising

Published: October 15, 2011; 18:33 · (Vindobona)

The Austrian OeKB intends to conduct a financial consortium for the gas pipeline project Nabucco.

Financial Syndicate for Nabucco Arising / Picture: © Wikipedia / Wolfgang H. Wögerer

The Austrian business development bank OeKB (Österreichische Kontrollbank) started to provide an insurance and funding consortium for Nabucco. “The suppliers for the project come from different countries. As a result, risks in different countries arise. This would bring a complicated system of many insurance companies.”, the head of OeKB, Rudolf Scholten explained. For Scholten,…

This article includes a total of 230 words.

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