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
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »