Middle East Economic Survey

VOL. LIV

No 13

28-Mar-2011

CASPIAN

Wintershall To Join South Stream, Slovenia Signs JV Agreement

BASF Chairman Juergen Hambrecht signed a memorandum of understanding (MOU) on 21 March for the companys Wintershall oil and gas subsidiary to participate in the consortium developing the 63 bcm/year capacity South Stream gas pipeline system. Germanys Wintershall has entered into negotiations with Russias Gazprom and Italys Eni about its participation in the 900km...