Middle East Economic Survey

VOL. LI

No 39

29-Sept-2008

IRAN

MOL Says Nabucco Pipeline Dependent On Iranian Gas

Zsolt Hernadi, CEO of Hungarys MOL, told a press conference in Vienna on 23 September that securing Iranian gas supplies is vital for the development of the proposed 31 bcm/year Nabucco pipeline. He added: Nabucco becomes reality if we can get Iranian gas. The Nabucco project is being carried out by companies which must bear in mind possible profits and losses, and when they do not have...