OMV is in talks with an interested party to take over a stake in the Nabucco West pipeline project. OMV Chief Executive Officer Gerhard Roiss said during a web-cast Tuesday that an announcement of a deal could be made in the next couple of weeks, though he did not identify the potential suitor. Austrian oil and gas company OMV last month doubled its stake in the pipeline project to 33.34% after taking over Germany's RWE 16.67% interest (IOD Apr.16'13).
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