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Saipem Updates South Stream Suspension Status

Source: www.gulfoilandgas.com 12/30/2014, Location: Asia

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With reference to the press release published on December 4, 2014 regarding the South Stream project, Saipem informs that it has received notification by South Stream Transport B.V. that does not expect significant changes in suspension status until 19th February 2015.

South Stream Transport B.V. has reserved their rights to amend the suspension notice in accordance with the relevant contract terms.

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