Russia Adds to Pressure on Shell
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Russia on Thursday suspended for two months 12 water-use licenses held by a subcontractor for Royal Dutch Shell's $22 billion Sakhalin- 2 oil and natural gas venture, increasing pressure on the foreign investors to cede some control of the project.
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Workers in Moscow, self-exiled executives in London and Houston and industry watchers the world over are waiting for the death knell for Russia&#39;s second largest oil company.
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Paris - Europe is becoming more and more dependent on Russian energy supplies, making it vulnerable to high prices, say International Energy Agency (IEA) executives.
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Russia will not halt Shell's Sakhalin gas-and-oil project while a new environmental probe takes place.
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Beijing urged Moscow to pressure embattled oil giant Yukos to honour its commitments to provide China with oil after the company said it was slashing supplies.
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Embattled Russian oil company warns that it may scale back oil output after more funds seized. MOSCOW  - Russian oil major Yukos again warned on Thursday that it may be forced to cut output after
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Oil major Royal Dutch Shell  is on the brink of a deal to bring Russian gas monopoly Gazprom  into the $22 billion Sakhalin-2 project, a spokesman said on Sunday.
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Anglo-Dutch energy giant Shell has allegedly accused the Russian government of concocting an environmental issue concern as an excuse to capture control of its multi-billion dollar Sakhalin gas project.
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Jeroen van der Veer, chief executive of Royal Dutch/ Shell, has opened the door to future deals with Gazprom, the Russian gas group, by welcoming its rapid expansion into the oil sector.
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Europe is becoming more and more dependent on Russian energy supplies, making it vulnerable to high prices that help Moscow reach growth and investment objectives, IEA executives say.
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Russia pressed ahead yesterday with controversial plans to break up the country&#39;s biggest oil company Yukos, setting a date of December 19 for an auction of its main production unit at a bargain basement starting price of $8.65bn (Â£4.88bn).
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The troubles of Yukos drive up the price
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US oil major pays nearly $2B for 7.6% of Russian firm, partnership eyes projects in Russia, Iraq. MOSCOW  - US oil major ConocoPhillips and Russia&#39;s Lukoil announced Wednesday they would form a strategic
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The United States on Friday added   its voice to the chorus of Western nations troubled by Russia's   dealings with foreign oil companies, saying it was "very   concerned" by Moscow's treatment of Royal Dutch Shell.
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The United States on Friday added  its voice to the chorus of Western nations troubled by Russia's  dealings with foreign oil companies, saying it was "very  concerned" by Moscow's treatment of Royal Dutch Shell.
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China yesterday called on Russia to ensure oil giant Yukos meets commitments to Chinese customers. Yukos said on Friday it was suspending oil exports by rail to state-owned
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His comments came as the central bank revealed increasing pressure on the hryvnya currency.