Monday 9 August 2010

Abu Dhabi eyes Nabucco pipeline stake

Abu Dhabi's investment fund IPIC is considering taking a stake in the planned Nabucco pipeline that is supposed to deliver gas from the Caspian region to Europe, an Austrian newspaper reported on Monday.

IPIC, which owns a stake of Nabucco leader, Austrian oil and gas group OMV, was interested in becoming Nabucco's seventh shareholder, Salzburger Nachrichten reported, without saying where it got the information.

A spokeswoman for OMV declined to comment on the report but added that Nabucco was in principle open for new shareholders."

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