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OMV's Roiss: Sale of Share in Nabucco Could Be Announced Within Weeks - Report

Details about negotiations to sell a recently-acquired stake in the Nabucco West gas pipeline project consortium could be made public within weeks, the head of the Austrian oil and gas group OMV AG (OMV.VI) said."It is true that we are negotiating with someone. I can't name any names, but it might be announced in the coming weeks," Gerhard Roiss said in an interview with Austrian daily Wirtschaftsblatt published Wednesday.In April, OMV--one of the main shareholders of the proposed pipeline--bought a 17% share in the pipeline from German utilities company RWE AG (RWE.XE) for an undisclosed sum and is now looking to sell it. Mr. Roiss had indicated in April that possible new partners were interested in joining the consortium behind Nabucco West.Nabucco West is one of two remaining proposed pipelines in the running to bring Caspian Sea gas supplied by the Shah Deniz consortium to Europe, helping to decrease the region's dependency on Russian gas. Should the final decision fall in Nabucco ...

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