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Oil report

Nabucco pipeline must not get public money-Merkel

BRUSSELS, March 1 (Reuters) - German Chancellor Angela Merkel said on Sunday the Nabucco gas pipeline must not be subsidised with public money.

To curb its reliance on Russia, the EU is backing the Nabucco pipeline which would carry Caspian gas across Turkey, Bulgaria, Romania and Hungary to an Austrian distribution hub.

Merkel was speaking to reporters after an EU leaders summit.

Reporting by Ilona Wissenbach via Berlin newsroom

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