Andrey Areshev: EU can hardly finance NabuccoJanuary 17, 2011 - 09:28 AMT PanARMENIAN.Net - EU policy regarding Nabucco gas pipeline project is not a novelty, a Russian expert said. “We can presume that the visit of European Commission President to Baku and Ashgabat will signify a new stage in political lobbying of this economically insufficient project,” Andrey Areshev, senior fellow at the Institute of Oriental Studies at the RF Academy of Sciences, told PanARMENIAN.Net “There are too many issues to be settled, including construction of Transcaspian gas pipeline. Even if we presume that the status of the Caspian Sea will be determined within the coming several years, Brussels will have a huge amount of money to implement the project. Taking into account financial problems, it will not be an easy job,” he said. “We should not forget either that the existing oil and gas pipelines meant to diversify the Europe’s energy supply are unloaded. At the same time, EU’s interest in energy projects in South Caucasus will even more discredit the policy of this organization,” Areshev said. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |