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To: Haim R. Branisteanu who wrote (65591)	5/17/2007 11:04:55 PM
From: carranza2	Read Replies (1) \| Respond to of 116555

The Caspian Sea had its first oil boom in the early 1900s. You might be interested in this biography of an amazing fellow who grew up amidst the first boom. theorientalist.info I particularly recommend the BBC interview of The Orientalist's author. theorientalist.info

To: Haim R. Branisteanu who wrote (65591)	5/21/2007 1:22:32 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

Nabucco Pipeline Project Seeks Partner Nabucco Pipeline Project Courting New Partner in Gaz De France. The Nabucco pipeline project, which will carry natural gas from the Caspian to Western Europe, is negotiating with Gaz de France for possible inclusion in the project, the head of Bulgaria's gas company said last Wednesday. The Nabucco project involves a natural gas pipeline that will carry Caspian region and Middle East gas to European Union countries. The pipeline will run from Turkey through Romania, Bulgaria and Hungary to Austria, linking the countries with gas fields in Iran and Azerbaijan. The Nabucco consortium is owned by Austria's OMV, Hungary's MOL, Turkey's Botas, Bulgaria's Bulgargaz and Romania's Transgaz. Kiril Gegov, executive director of Bulgaria's state-run gas company Bulgargaz Holding, said the five current shareholders had decided to look for a sixth partner. "This would mean more resources, but also a larger market," Gegov told the Associated Press. Gegov said that talks with Gaz de France were still under way and mentioned as possible other partners Germany's RWE and France's Total. Bulgarian Deputy Energy Minister Valentin Ivanov, who oversees the gas business in the country, said he expected the issue of the sixth partner to be resolved by next month. Talks on financing the project have been held with the World Bank and the European Bank for Reconstruction and Development. The lenders have recommended inviting a bigger company as a sixth partner to raise the project's credibility. The cost of the project, seen as key to Europe's efforts to lessen its dependence on Russian energy, is estimated at $6.06 billion. The 2,050-mile pipeline project is at a preparatory stage. Construction could begin as early as 2008, with operation starting in 2012. The pipeline's transit capacity will be 25.5 billion cubic meters per year. Source: AP