Peter Pilz

Russian Gazprom does not plan to buy a 1/4 share in Austrian oil and gas company OMV, Gazprom Deputy CEO Alexander Medvedev said Friday.

Medvedev thus refuted earlier claims that the state-owned energy concern was eyeing 24.9% of OMV and was in talks with the International Petroleum Investment Co (IPIC) in Abu Dhabi to purchase them.

Russian state-owned energy concern Gazprom has begun talks with Abu Dhabi representatives to acquire 24.9% of oil and gas company OMV, an Austrian lawmaker argues.