Financial Times FT.com

Boost for Nabucco from Iraq gas deal

By Carola Hoyos in London

Published: May 17 2009 22:27 | Last updated: May 17 2009 22:27

Europe took a surprise step towards reducing its dependence on Russian gas on Sunday as two of its oil companies agreed to develop a gas field in Kurdistan, Iraq’s semi-autonomous region.

OMV, of Austria, and Hungary’s MOL agreed the deal, which will feed the planned Nabucco pipeline.

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