Deutsche Bank and Ukraine’s oil and gas company Neftegaz are drafting an agreement on a credit of up to two billion euros for an energy project to overhaul the Ukrainian gas transportation network
Published:
27 February 2005 y., Sunday
Deutsche Bank and Ukraine’s oil and gas company Neftegaz are drafting an agreement on a credit of up to two billion euros for an energy project to overhaul the Ukrainian gas transportation network.
First Vice Prime Minister Anatoly Kinakh told journalists on Saturday, “We are preparing a serious draft for a Deutsche Bank credit to the national joint stock company Neftegaz Ukrainy to a sum of about two billion euros for the technical modernisation of the gas transportation system and other projects.”
He said the work could be completed before President Viktor Yushchenko’s official visit to Germany scheduled for March 8-9.
According to Kinakh, one of the issues to be discussed in Germany will be cooperation in the creation of a gas transportation consortium.
“I support the resumption of systemic work on the creation of a consortium on a trilateral basis,” Kinakh said.
Earlier Ukraine, Russia, and Germany agreed to create a consortium for the development and management of the gas transportation system. Russia will contribute natural gas, Ukraine will provide transit capacities, and Germany will act as a consumer.
Yushchenko has stressed the need to resume work on the consortium with the participation of the European Union.
Šaltinis:
Itar-Tass
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »