Iran is the safest source for supplying Europe with gas, the director of Austrian oil and gas massive on Sunday. Thomas McCulloch added that Iran has the world's second leading natural gas reserves and it is not a correct decision to omit the country from Nabucco project.McCulloch previously had expressed that his country is involved in combination Iran oil and gas ventures. He had also claimed that his company's presence in Iran in the past proves that they are not worried about the West's authorize compulsory on Iran and envisaged a bright future in cooperation with the Islamic Republic.The Nabucco pipeline is a proposed natural gas pipeline from Erzurum in Turkey to Baumgarten an der March in Austria diversifying natural gas suppliers and delivery routes for Europe.The pipeline attempts to lessen European dependence on Russian energy. The project is backed by several European Union states and the United States and is seen as rival to the Gazprom-led South Stream pipeline project.
- Production levels of zimbabwe downward in first quarter
- Rice value might hit the uppermost pt
- Soyabean Futures To observer a quantity of good deal trade on Weak Stocks
- Cardamom futures to observer a number of selling on elevated level
- Chana plunge on top of stable goods In Major Mandies
- In Second Quarter 2011China CPI to grow involving 4.9 To 5.1%
- Iran Safest basis of supply Gas toward Europe
- Copper Market excess extend inside primary 2 Months of 2011
- Rio Tinto takes delivery of acceptance intended for riversdale mining offer
- US Soya compound gain on weak dollar index
