"Nabucco Project Faces Turkish Hurdles at Critical Turn
Publication: Eurasia Daily Monitor Volume: 6 Issue: 80
April 27, 2009 01:52 PM Age: 7 hrs
By: Vladimir Socor
Capitalizing on the European Commission's November 2008 initiative to promote the Corridor and to create a Caspian Development Corporation, the Budapest meeting set the goal of signing the Intergovernmental Agreement (IGA) and at least clear the way for signing the Project Support Agreements (PSA's) during the first half of 2009. In March the EU allocated 200 million Euros to the Nabucco project as seed capital for the first time ever, with more expected after the IGA and PSA's are signed. Drawing on that seed funding, the Nabucco project company has already begun contracting work from some engineering firms in the transit countries."
More:Nabucco Project Faces Turkish Hurdles at Critical Turn - The Jamestown Foundation
