Project Company
The project is developed by the Nabucco Gas Pipeline International GmbH. The managing director of the company is Reinhardt Mitschek. The shareholders of the company are:
- OMV (Austria)
- MOL (Hungary)
- Transgaz (Romania)
- Bulgargaz (Bulgaria)
- BOTAŞ (Turkey)
- RWE (Germany)
Each of the shareholders holds 16.67% of the shares.
Nabucco International is the owner of the five national Nabucco companies responsible for the operation and maintenance of the pipeline in their respective countries.
RWE and MOL have indicated that they may leave the project.
It has been agreed that Shah Deniz partners will take a 50% stake in the project if Nabucco West will be chosen for the Shah Deniz gas export.
Read more about this topic: Nabucco Pipeline
Famous quotes containing the words project and/or company:
“The common erotic project of destroying women makes it possible for men to unite into a brotherhood; this project is the only firm and trustworthy groundwork for cooperation among males and all male bonding is based on it.”
—Andrea Dworkin (b. 1946)
“Men with secrets tend to be drawn to each other, not because they want to share what they know but because they need the company of the like-minded, the fellow afflicted.”
—Don Delillo (b. 1926)