Turkey: OMV to Increase Turkey Investments
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Thursday, 29 September 2011 |
Austrian Energy firm OMV has announced that it will increase its foothold in the republic of Turkey. CEO Gerhard Roiss announced that the firm, which holds a 97% take in fuel retailer Petrol Ofisi shares and is building a gas-fired power plant on Turkey’s Black Sea coast, would build yet more gas-fired plants in the region.
“Turkey is slated to become one of the largest markets of electricity and gas in Europe within ten years,” said Roiss at a meeting in Istanbul. “OMV regards the Nabucco as a gas highway with room to increase capacity,” he added. Roiss reaffirmed his company’s commitment to the long-delayed Nabucco project, and expressed gratitude to the Turkish Government for its support of the plan. He mentioned that Turkmentissaid Roiss about the long-delayed project and mentioned Turkmenistan as a possible supplier. Also expressing gratitude to the Turkish government for its support for the project, OMV CEO said that additional suppliers and pipelines could be added to the project at a later date.
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