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Is Nabucco Turning into a Cost Trap?
The Nabucco gas pipeline could be twice as expensive as previously planned, according to sources from Turkey.

When, the feasibility study for the construction of the Nabucco pipeline was created in 2005, costs were estimated at € 7.9bn. However, according to Turkish sources, the cost will amount between € 12bn and € 15bn. Reaction from the Nabucco company came quickly, saying that these figures are "pure speculation". There is an election campaign in Turkey, and not everybody has a…
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