Romania features Kazakhstan's important role in Nabucco gas pipeline project: interview with State Secretary of Romanian Ministry of Economy

Romania features Kazakhstan's important role in Nabucco gas pipeline project: interview with State Secretary of Romanian Ministry of Economy

Astana, Kazakhstan, September 11 / Trend K. Konyrova /

The State Secretary of the Romanian Ministry of Economy, Tudor Sherban, spoke in an interview with Trend correspondent.

Q.: Cooperation in energy was discussed during the eighth session of the Kazakh-Romanian inter-governmental commission on trade and economic cooperation in Astana today. You mentioned two projects - "Nabucco" and "Constanta - Trieste".

How does Romania appreciate Kazakhstan's participation in two these projects?

A.: We think that the role of Kazakhstan in the Nabucco project is very important. Kazakhstan has its own gas reserves. It is known that Kazakhstan participates in some projects in Turkmenistan. So, certain gas reserves can be directed to the "Nabucco" from there.

Moreover, part of those gas volumes, which are under contracts with Russia, can be also supplied to "Nabucco". But it will be possible with the consent of all parties. The recent visit of Russian Prime Minister Vladimir Putin to Turkey encourages on this regards.

As Romania is involved in "Nabucco", I think that it will be possible to agree in coordination with other partners given other projects which Russia promotes in our region (the Balkans).

Azerbaijan is important partner for us in the Caspian region. it is our reliable gas supplier. We know that Azerbaijan has expressed its intention to participate with its gas in the Nabucco project. We welcome and fully support this decision. Moreover, Azerbaijan has strategically important location in the junction of transportation routes.

I would like to inform that Romania has plans to build a new terminal in Constanta for liquefied gas storage.

Q.: How do you appreciate Kazakhstan's participation in the project pipeline 'Constanta - Trieste'?

A.: The Kazakh side made a request to participate in the negotiations on the project a year ago. It means for us that Kazakhstan is interested in participating in this project. At present, the project of "Constanta - Trieste" pipeline is at the stage of organizing. A consortium has been already established and its head has been appointed. But, unfortunately, one of the participants of the project - Croatia has blocked the course of negotiations and actions.

But the issue concerning drawing investments will occur soon, when goals of each company from the countries-participants of the project, through which the pipeline is laid, are defined.

From our point of view, Kazakhstan will be able to participate in this project, along with Romania. If it enters with investments, it will automatically mean that Kazakhstan can have certain package of shares.

Q.: What Kazakh share is indicated in the project?

A.: It is difficult to name any specific figure without development of feasibility study. But when it is ready, it will be known about shares of all sides after determining the cost. Kazakhstan will be able to join the project as oil supplier in future. Thus, Kazakhstan can enter the center of Europe through Romania, providing its oil via Constanta - Trieste pipeline.

Q.: It dealt with establishment of energy bridge of Batumi - Constanta at one time. What are its prospects?

A.: We hope that the geopolitical climate in the South Caucasus will stabilize. Georgia has great importance to ensure transit routes and gas, oil and other goods supplies, to Europe. We hope that the situation will normalize, because one can not talk about politics without economy, and Batumi is an important transportation hub in the region.

Moreover, the Black Sea and Batumi port are direct access to Europe. Therefore, stabilization of the situation in Georgia is in interests of the same Caspian countries to have direct access to the Black Sea.

Q.: How do you assess entry of the national KazMunaiGaz on the Romanian market by buying shares of Rompetrol?

A.: Positively. At present, our companies, including the national oil company, OMV, faced with fierce competition in the person of KMG. But these are the laws of the market. It is very good. As a recommendation, I would like to advise KMG to be more transparent with the Romanian public authorities.

Uzbek-Korean JV announces tender for consumables
Uzbek-Korean JV announces tender for consumables
General Directorate of Water Management of Turkey opens tender for renewal of water pipes
General Directorate of Water Management of Turkey opens tender for renewal of water pipes
Kazakhstan's Passenger Transportation JSC opens tender to buy fuel
Kazakhstan's Passenger Transportation JSC opens tender to buy fuel
Loading Bars
Area of agricultural land in Iran equipped with modern irrigation systems growing
ADB introducing blockchain-based food tracking project in Azerbaijan
Iran reveals COVID-19 data for April 22
Azerbaijan publishes 1Q2021 data on lending to economy
Azerbaijan clears Sugovushan, Talyshkend from mines for construction of power transmission lines (PHOTO)
Several facilities put into operation in Iran's agricultural sector
Azerbaijani president, first lady attend ceremony of laying foundation of Mud Volcanoes Tourism Complex
Georgia exports ignificant number of tractors, trucks to Azerbaijan
International revenue of Halliburton up amid increased software sales
Iran launches implementation of project on Cheshmeh Khosh oil field
Halliburton sees decrease in operating income
Azerbaijani banks' demand for foreign currency exponentially up
Turkmenistan increases production of vegetables, berries
Uzbek-Korean JV announces tender for consumables
Earth Day 2021: An unprecedented opportunity to restore our Earth
Azerbaijan's Nakhchivan launches work on industrial projects in 1Q2021
Georgia reports 1,226 new cases of coronavirus for April 22
Turkey says France boosts import of domestic cars
Armenia commits provocations on state border with Azerbaijan
UAE's Universal Tubes and India's Tata in world's first blockchain-led trade finance for steel
Cargo transportation at Turkey's Adana airport reduces
Georgian wine exports to Azerbaijan see growth
Uzbekistan’s passenger cars production down in 1Q2021
Value of Turkey's grains, legumes export to Uzbekistan spikes in Mar.2021
Armenia planted plastic mines in liberated Sugovushan village - Azerbaijan's Mine Action Agency (VIDEO)
Russian GDP growth outlook downgraded to 2.9% for 2021
Inflation rate in Iran increases
Renault revenue falls for fifth quarter in a row
Turkey's 1Q2021 chemicals exports to Russia increase
Azerbaijani ministry appoints acting general director of Aztelekom LLC
Karabakh agreement - very important step in protection of human rights - German MFA
Georgian beer exports to Azerbaijan up
Turkmen carpet-making enterprise publishes production data for 1Q2021
ADB initiating program to support SMEs in Uzbekistan
Iran supplies agricultural machinery to farmers
Interconnections to increase Bulgaria’s gas market capacity by 10 bcm
Volume of loaded, unloaded cargo in Iranian ports decreases
Azerbaijan's Nakhchivan raises agricultural production y-o-y
Spanish CAF eyes establishing co-op with Uzbekistan in railway transport
UAE working on increasing export of fresh agricultural products from Uzbekistan
Construction of int'l airport in Azerbaijan's Fuzuli accelerating (VIDEO)
Azerbaijan's Nakhchivan sees increase in 1Q2021 foreign trade turnover figures
Oil extend losses into 3rd day on U.S. stock build, pandemic fears
Azerbaijan's money supply rate grows in March 2021
Kazakhstan twofold decreases exports to Poland y-o-y
Maire Tecnimont to be engaged in bio-degradable polymer plant project in Russia
Turkmenistan elected Deputy Chair of UNECE
Turkey's 1Q2021 furniture exports to Kazakhstan down
Prices for precious metals up in Azerbaijan
Iran's FM calls for enhanced consular cooperation with Pakistan
1Q2021 data on Azerbaijan's gas export to Turkey issued
Iran can become trade hub between Pakistan and Central Asian countries - Chamber of Commerce
Kazakhstan's Passenger Transportation JSC opens tender to buy fuel
Azerbaijan's 1Q2021 gas exports rise multifold
Both Covishield & Covaxin work, only 3-4 in 10,000 infected post vaccine, Modi govt releases data
Vaccine Against COVID-19 Helps Prevent Severe Illness: AIIMS Chief
Azerbaijani oil prices rebound
CCMB scientists to culture double mutant, other variants to check if antibodies can neutralise virus
Georgia reveals volume of exported nuts
Armenia's refusal to provide mine maps must be regarded as violation of int'l law - Russian expert
Bharat Biotech Scales Up Covaxin Production To 700 Million Doses Annually
Geostat reveals volume of Russian exports to Georgia
Efforts To Ensure Economic Activity Least Affected, Says PM: Top Quotes
Azerbaijan to establish production of engine oil for special vehicles
Fifth batch of Rafale aircrafts arrive in India from France
2021 will not be about Covid despite second wave: Nirmala Sitharaman
IAF pressed into action for Covid management: Oxygen, equipment, medical personnel airlifted to Delhi
Uzbekistan reveals COVID-19 data for April 22
OPEC+ expected to zero cuts by late 2022
Oil demand in aviation to continue to grow until 2050
Azerbaijani anti-aircraft missile units conducting live fire tactical exercises (PHOTO/VIDEO)
Iranian currency rates for April 22
Azerbaijani currency rates for Apr. 22
Iran plans to attract foreign investment after potential lifting of sanctions
Demand of Azerbaijani state structures for consulting services grows
Georgia reveals data on exports to Russia
India posts daily rise of over 300,000 COVID-19 cases
Turkey’s Erdogan ratifies energy agreement with Azerbaijan
Israeli KASS LAND to invest in Georgian Tsalka - Dashbashi canyon
Iranian president discusses implementation of JCPOA
2,893 new COVID-19 cases in Kazakhstan, total at 297,839
Yellen vows to tackle climate change with "whole-of-economy" approach
UN chief calls for commitment to restoring planet
France ready to implement joint projects with Turkmenistan in agricultural sector
Brazil reports 3,472 more deaths
Baku Higher Oil School wins Regional Petrobowl Competition
Israel attacks targets near Damascus
German court clears path for EU COVID-19 recovery fund
Iran’s NIDC announces number of drilled wells
Iran adds advanced machines at Natanz uranium enrichment plant: IAEA
Italy's cabinet unveils roadmap for reopening starting April 26
Pakistan: Several killed in explosion at Quetta hotel
MSF urges rich countries to back COVID vaccine patent waiver
U.S. commanders seek approval for aircraft carrier near Afghanistan during withdrawal
Britain's Heathrow Airport turns down airline requests for extra flights from India
Qatar reports 819 new COVID-19 cases, 199,180 in total
Uzbekistan reveals number of investment projects implemented with S.Korea, Japan
Azerbaijani gymnast reaches final of European Championship in Basel
Turkey records highest daily COVID-19 deaths toll yet, total nears 37,000
Executive power of Azerbaijan’s Astara district opens tender for overhaul of roads
All news