1. Natural Energy Resources in Turkey
... 13, 2009, EU governments and Turkey signed a transit agreement for the Nabucco gas pipeline, which clearly aims to reduce Europe's energy dependence on Russia. Transit countries Turkey, Bulgaria, Romania, Hungary and Austria signed the accord in Ankara, giving the at 7.9 billion project a major political boost. The Nabucco consortium consists of OMV (of Austria which will be managing ... the consortium), MOL (Hungary), Transgaz (Romania), Bulgarian Energy Holding (Bulgaria), Botas (Turkey) and RWE (Germany). After the signature of the agreement President of the European Commission Barros...
- Word Count: 6977
- Approx Pages: 28
- Has Bibliography
- Grade Level: Undergraduate