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2015-04-09 19:05:00

€ 75MLN FOR SOUTH STREAM

€ 75MLN  FOR  SOUTH  STREAM

Gazprom approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.

The Board of Directors of "Gazprom" approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.

South Stream Transport B.V. is the operator of the offshore pipeline "South Stream". Back in December 2014, Russia decided to stop the construction and instead decided to build a gas pipeline named "Turkish stream."

In December, Russia announced the rejection of the "South Stream", which was to pass under the Black Sea and through Bulgaria to deliver fuel to the Balkan Republics, Hungary, Austria and Italy. The project was abandoned due to various reasons including the counter-productive stance of the European Union towards Russia.

Instead, it was decided to build a pipeline to Turkey and to construct a gas hub for Southern European consumers on the border with Greece.

After that, "Gazprom" signed an agreement with Eni, Wintershall and EDF to buy back 50% of South Stream Transport BV. Gazprom reported that it had bought back its European partners share in the South Stream Transport for 56 billion rubles.

sputniknews.com

Tags: GAZPROM, SOUTH, STREAM, RUSSIA, GAS, PIPELINE,

Chronicle:

€ 75MLN  FOR  SOUTH  STREAM
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

€ 75MLN  FOR  SOUTH  STREAM
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

€ 75MLN  FOR  SOUTH  STREAM
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

€ 75MLN  FOR  SOUTH  STREAM
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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