27 August 2010
Deal between German RWE and Kurdistan Regional Government
Germany's leading energy company signed a cooperation agreement with Federal Kurdistan Government.
RWE, Germany's second largest company in energy production, will provide assistance in building regions gas disturbution network as well as training local citizens.
“This is a major step forward in our planning,” said Kurdish Prime Minister Barham Salih. “RWE will bring the know- how and insights of one of Europe’s most important gas- distribution companies to Kurdistan.”
Gas from the region is expected to be exported via the Nabucco pipeline to European consumer markets, the statement said.
The government expects Kurdistan’s gas reserves to be between 100 trillion and 200 trillion standard cubic feet, according to the region’s Ministry of Natural Resources data.
ANF / NEWS DESK
ANF NEWS AGENCY
