OMV Considers Joining Tanap

Politics ♦ Published: September 25, 2012; 22:47 ♦ (Vindobona)

The Austrian oil and gas company intends to invest up to $ 7.0bn in the Turkish-Azeri project.

OMV Considers Joining Tanap / Picture: ©

According to the Turkish Minister of Economics Zafer Caglayan, OMV plans massive investments in Turkey. The Austrian energy group plans to join Tanap (Trans-Anatolian Pipeline) OMV´s investment volume may reach up to € 5.4bn, Turkish media report. Last week, Caglayan had talks with OMV´s management in Vienna. Caglayan said that he will pass on the request to the Minister of Energy…