- [Oil and gas]
DEMINEX GmbH (Deutsche Erdölversorgungsgesellschaft mbH) of Essen, Germany. Active in Argentina, Egypt, Norway, Russia, Syria, UK. Split in 1998.
- Germany's Deminex, a unit of Veba AG, was also given a 10 percent stake Tuesday.
- Interfax also said Germany's Deminex is likely to get a 10 percent stake in the project, although no deal has been struck.
- Germany's Preussag AG reported first-quarter sales and earnings Wednesday at the upper end of market expectations, boosted by the sale of its minority holding in oil-discovery business Deminex.
- Preussag declined to give put a figure on proceeds from the Deminex sale, but a company spokeswoman said it had generated " well over 100 million euros " _ or more than in the area of dlrs 93 million _ most of which was booked in the first quarter.