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Financial Syndicate for Nabucco Arising
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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: © Vindobona.org
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,…
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