Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia, Austria Mull JV for South Stream
23.06.2014 11:48
Russia, Austria Mull JV for South Stream
Photo Credit:

Russia and Austria are set to establish a joint venture to implement the South Stream oil pipeline project, according to an aide to the Russian president.

      The two countries are expected to sign the agreement during the Russian president’s visit to Austria, the news agency RIA-Novosti cites Yury Ushakov as saying.

      The deal on SouthStream Austria is supposed to be inked by Gazprom’s chief Alexey Miller and the CEO of OMV Gerhard Roiss.

      Earlier, the European Commission has requested the EU member states to suspend the works on the South Stream project until Gazprom complies with the Third Energy Charter rules. In June, Bulgaria announced it would put the project on hold.

      OMV, formerly known as Österreichische Mineralölverwaltung, is a Vienna-headquartered international oil and gas company whose main businesses are exploration and production of oil and gas, natural gas distribution and power generation, and refining and marketing oil products, according to its page on Wikipedia. “With group sales of €42.41 billion, a global workforce of 26,800 in 2013 and a market capitalization of € 11.35 billion (end of 2013), OMV is the largest listed manufacturing company in Austria,” reads the Wikipedia page.


Author: Mikhail Vesely

Tags: Gazprom South Stream    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Tyumen plane crush  Pskov Museum-Reserve  Russian science  Russian Cinema  Russian economy  Historical Gardens  Moscow  Ukraine  New Year  education in Russia  Russian scientists  Theatre Festival "History of the Russian State. Homeland and Destinies"  Onexim  Book Illustration Festival   Sokolniki Park  Sergei Ursulyak  Sergey Dovlatov  report  Times and Eras  politics  Valery Gergiev  Patriach Kirill  Urals  Krasnodar region  Russian business  Free Events  Russan cuisine  Evgeny Pasternak  Roskomnadzor  Russian rouble  Digital Medicines  Russian education  Mercedes-Benz Fashion Week Russia  Exhibitions in Moscow  St. Petersburg  Russian Theater  Russian tourism  Tragedy  Yeisk  Black Sea  Republic of Bashkortostan  Adygea  Veliky Novgorod  Electrotheatre  Orthodoxy  coronavirus  Masterpieces  Moscow bookstores  Russian tourists  Stavropol airport 

Travel Blogs
Top Traveling Sites