OMV Earmarks EUR55M To Cover Loss Triggered By Nabucco West

07.24.2013 By Ioana Tudor

Austrian group OMV, owner of Romania's largest company OMV Petrom (SNP.RO), booked a special charge of EUR55 million in the second quarter, resulting from the write-down of assets related to the Nabucco project, after the consortium developing Azerbaijan's Shah Deniz-2 field chose other pipeline to ship its gas to Europe.

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