Russia: Gazprom deepen oil ties with Austria's OMV in new deal

Austria’s OMV oil company will up its purchases of from Russia’s oil giant Gazprom in a major new deal achieved in St. Petersburg, Friday.
OMV’s CEO Rainer Seele and Gazprom’s CEO Alexei Miller made the announcement that the Russian giant will supply oil to the Austrian company through REBCO brand.
"The agreements, which were signed today, also expand the areas of our cooperation. It concerns the oil sector, it also concerns culture and sponsorship," said Alexei Miller. He went on to underline that "the demand for Russian gas is rising in Europe" adding that "the construction of the North Stream pipeline will allow us to meet growing demands of European customers."
Both Gazprom and OMV are the part of the shareholders of the New European Pipeline AG, which is implementing the construction of two lines of North Stream natural gas pipeline.