Middle East Economic Survey

VOL. LIV

No 8

21-Feb-2011

CASPIAN

Hungary Joins AGRI Gas Project As Azeris Target Production Doubling By 2020

On 14 February the energy ministers of Azerbaijan, Romania and Hungary signed in Bucharest a joint declaration approving the participation of Hungarys state-controlled electricity company MVM in the Azerbaijan-Georgia-Romania Interconnector (AGRI) project. AGRI is understood to be a favored project of Azeri Minister of Energy Natiq Aliyev, who along with...