Company in Austria
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AUSTRIA, 2013/05/31
Austria's OMV announced Tuesday that it has agreed to sell part of its stake in the Nabucco West pipeline project to French energy firm GDF Suez.
Nabucco is a new gas pipeline from Asia to Europe. The project aims to connect the world’s richest gas regions, the Caspian and the Middle East, to European consumer markets.
OMV said it has agreed to sell a stake amounting to approximately nine % of the Nabucco Gas Pipeline International to GDF Suez. The firm said it expects the transaction to be closed during the second half of 2013.
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AUSTRIA, 2013/02/13
EU ministers and the European Commission urged ArcelorMittal yesterday to postpone planned capacity cuts until they firm up proposals to reinvigorate Europe’s steel sector.
Industry Commissioner Antonio Tajani said the world’s major steelmaker should delay restructuring in Europe until the Commission produced an action plan by June.
