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Turkey's Parliament Approves Nabucco Gas Pipeline Project

Turkey's Parliament Approves Nabucco Gas Pipeline Project
Turkey's Parliament Approves Nabucco Gas Pipeline Project

 which aims to transport gas in the Caspian Sea and Middle East, through Turkey and the Balkan States.

The Nabucco consortium consists of Austria's OMV AG (OMV.VI), Germany's RWE AG (RWE.XE), Turkey's Botas, Bulgaria's Bulgargaz, Romania's Transgaz and Hungary's MOL Nyrt. (MOL.BU).

Last July, Turkey, Bulgaria, Romania, Hungary and Austria sealed the Nabucco pipeline contract, the first step toward building the 3,300-kilometer oil pipeline capable of transferring Caspian gas to Europe, and bypassing Russia.

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