Russian Firms Head List of Oil Buyers from Saddam
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Russian firms bought about 30 percent of the oil sold under Iraq&#39;s now-defunct oil-for-food program, according to a UN investigator&#39;s extensive list of companies that did business with Saddam Hussein&#39;s government.
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A list of firms punished for trading with Iran or Saddam Hussein's Iraq and the executives or directors who are top campaign fund-raisers for President Bush or Democratic Sen. John Kerry:
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MOSCOW  - In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips has won an auction with a bid of nearly &#36;2 billion US for the Russian government's 7.6 per cent stake in Russia's Lukoil - the world's No.&#160;2 oil company by reserves.
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World oil prices skidded on Monday as Iraq pumped oil through its southern pipelines and Russia vowed to step up exports, but analysts said the days of high prices were not yet over.
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Russian President Vladimir Putin has signed a decree permitting Russian organizations to sell weapons and military equipment to Iraq's provisional government, the Kremlin said Monday.
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UNITED NATIONS, Oct. 22 -- A U.N.-appointed investigator probing corruption in the world body's oil-for-food program in Iraq published today a list of all 4,734 companies that traded with Saddam Hussein's government through the arrangement. The 300-page list provides the most comprehensive public account to date of Iraq's business dealings under the former program, under which Iraq was allowed to sell oil to purchase humanitarian supplies.
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Russian and French gas companies Gazprom  and Gaz de France  will sign several major deals on Tuesday, guaranteeing the Russian firm access to more end users in Europe, industry sources said on Monday.
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Iraqi Prime Minister Iyad Allawi is set to discuss oil contracts on his first official visit to Russia.
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MOSCOW _ US oil giant ConocoPhillips paid nearly $2 billion for a stake in Russia&#39;s second-largest oil producer Wednesday, a deal touted as Russia&#39;s biggest post-Soviet privatization and
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Lukoil, the biggest oil company in Russia, said Monday that it would invest as much as $3 billion in refining and petrochemicals production this year after the Russian president, Vladimir Putin, urged business leaders to develop manufacturing.
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ConocoPhillips said on Wednesday it was seeking 20 percent in Russia&#39;s LUKOIL in a far-reaching alliance opening the way for the two oil majors to tap vast reserves in northern Russia and Iraq.
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A former Russian top spy says his agents helped the Russian government steal nearly $500 million from the U.N.'s oil-for-food program in Iraq before the fall of Saddam Hussein in 2003.
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Russia dismissed accusations that  Russian firms abused the U.N. oil-for-food program imposed on  Iraq, saying on Wednesday that there was no proof of wrongdoing  by Russian companies.
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Russia&#39;s state-owned Gazprom may complete takeovers next month that will give it almost one-fifth of the nation&#39;s oil output, worth more than $20 billion this year.
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Russian tax officials are reportedly asking for tax arrears of  $87.5m from oil firm TNK-BP, which is half-owned by UK oil giant BP.
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CIA analyst Charles A. Duelfer's report on Iraq's weapons programs included lists of governments, political parties, companies and individuals from at least 44 nations who received vouchers to buy oil -- both legally and otherwise -- from the Iraqi government during Saddam Hussein's reign.
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Russia said Thursday that China Petroleum &amp; Chemical Corp., Asia&#39;s biggest oil refiner, may join Royal Dutch/Shell Group&#39;s Sakhalin-2 project in the Pacific and buy liquefied natural gas from the venture&#39;s offshore fields.