Russia: Saipem wins new South Stream contract
South Stream Transport (a joint venture composed of Gazprom, with 50%, Eni (20%), French company EdF (15%) and Germany’s BASF-Wintershall, with 15%) has announced that it has awarded Saipem a contract worth 400 million euros. The contract envisages the supply of engineering works and technical support for the construction of the second line of the South Stream undersea gas pipeline crossing the Black Sea from Russia to Bulgaria. The contract comes shortly after the one awarded to the Eni Group on 14 March 2014 to build the first line, worth around 2 billion euros in total. Source: infoMercatiEsteri. More news, in Italian, from Vietnam, Morocco, Azerbaijan, the USA, Ukraine, Russia, Confindustria, Belgium, the Eurogroup and Abu Dhabi.
