Reuters: Hungary MOL ready to sell Nabucco stake if needed

Hungarian oil and gas group MOL is ready to sell its stake in the Nabucco gas pipeline consortium if necessary as it has serious concerns over the project, MOL Chairman-CEO Zsolt Hernadi told a news conference on Thursday.

"We have signalled that we are ready to sell our shares if necessary...we merely had to send a very very strong signal now that we are not willing to finance this any longer," Hernadi said, after MOL held its annual shareholder meeting.   MORE