MOL's (MOL.BU) purchase of a 10% stake in Pearl Petroleum implies that MOL has become more supportive of the Nabucco pipeline project versus the South Stream pipeline plan, after Surgutneftegaz's (SNGS.RS) sudden and unwelcome acquisition of a 21.2% stake in MOL, KBC Securities says. KBC suspects the Kremlin is behind Surgut's move and that it's aimed at taking over MOL. Notes Pearl, which holds the United Arab Emirates' Dana Gas and Crescent Petroleum's (CJPL.KA) upstream interests in the Kurdistan region of Iraq, was valued at $3.5B by the deal. Keeps MOL buy, HUF14,565 fair value. MOL shares +1.9% at HUF13,150. (MAF)