Nicosia, Sept 13: Iranian Oil Minister Gholam Hossein Nozari on Friday has given a stern warning to Austrian energy firm OMV that unless it signs a deal on the Nabucco gas pipeline soon, Tehran will look for other partners.

The aim of the Nabucco pipeline is to transport at least 30 billion meters of natural gas per year from the Caspian Sea to Europe, bypassing Russia. OMV, the giant energy firm of Austria, is one of the six Nabucco partners.

Vienna - Falling 1.51 dollars on Thursday, the price for cru

Helsinki  - A planned underwater Baltic Sea gas pipeline from Russia to Germany does not pose a security threat to the region, German Defence Minister Franz Josef Jung said Thursday.

Jung, who visited Finland for talks with his Finnish counterpart Jyri Hakamies and other officials, told reporters the 1,200-kilometre pipeline instead had to be studied from an environmental and economic perspective, Finnish news agency STT reported.

The pipeline envisaged by the Nord Stream AG consortium was planned to run from Vyborg in Russia to Greifswald, Germany. The consortium has ruled out a land-based route.

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Stock market analysts have maintained ‘buy’ rating on Cairn India Limited (CIL) stock with an intraday target of Rs 227.

According to them, interested traders can purchase the stock above Rs 223 with a strict stop loss of Rs 220. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 230.
 
Shares of the company, on Wednesday (Sep 10), closed at Rs 224.30 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 453270. The share price has seen a 52-week high of Rs 342.50 and a low of Rs 136 on BSE.