The company announced on Friday the resumption of "operations for the construction of the offshore pipeline in the Black Sea", a contract worth 2,4 billion - Most likely, however, it will be Turkish Stream, not South Stream
The write-downs cause Saipem's losses to rise to 230 million in 2014 (they were 159 million in 2013) but revenues (+8,7%) and EBITDA (+40%) are also on the increase - The adjusted net result is positive by 180 millions -…
The contracts of the plant engineering company of the Eni group with the South Stream consortium amounted to approximately 2,4 billion.
The Eni group company announces that it has received notification of the halt to work on the gas pipeline project - The stock loses more than 3% in Piazza Affari
The CEO comments on the stop imposed by Russia: "South Stream was a tool of flexibility to better manage geopolitical crises, it was not strategic for supplies". Snam wins the 2014 Infrastructure Development award
The company had already begun work on the gas pipeline project which Russia halted yesterday - The contracts certainly include large penalties, but sales are unleashed in Piazza Affari.
Gazprom will build together with the Turkish Botas a new oil pipeline in Turkey with a capacity of 63 billion cubic meters (coincidentally the same as South Stream), of which 14 billion to replace the transit through Ukraine.
Today Russian Foreign Minister Sergey Lavrov received the support of Slovenia for the construction of the South Stream gas pipeline, intended to transport methane from Russia to the Old Continent, bypassing the turbulent Ukraine - The project, blocked by the European Commission,…
Important step forward for South Stream, a project that involves the transport of gas from Russia to Southern Europe - The Russian companies Omk and Severstal and the German Europipe have guaranteed one billion euro contracts for the…