BP punches Nabucco below the belt

UK oil major BP said it was no longer considering shipping gas from its Shah Deniz field in Azerbaijan through the Nabucco pipeline, dealing a blow to the troubled European project. But the European Commission said the “full-scale version” of Nabucco was still the main option under consideration. Iain Conn, BP's head of fuel refining and marketing, said in a speech last week that BP and Azeri state oil group Socar ...

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