Europe’s prospects of receiving Libyan oil shipments would be weeks away even if rebels were quickly removed from the international sanctions list.
Businessmen are expected to use a Russia-US business summit on Tuesday to press Moscow to improve conditions for Western companies operating there.
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/ 10 January 2009
The European Union will hold talks with Russia on Saturday to finalise a gas monitoring deal to allow the resumption of gas supplies to Europe.
Russia and Ukraine failed to resolve a gas row at a meeting in Moscow but will continue talks to end a dispute that has choked off supplies to Europe.
Russian gas flows to four European Union countries were below normal levels on Saturday after Moscow cut off supplies to Ukraine in a pricing dispute.
Russia suspended its participation in a key pact limiting military forces in Europe on Saturday, fulfilling a threat after months of verbal sparring with the West. The suspension comes amid worsening relations with Europe and Washington on a range of fronts, including United States plans for a missile shield in Eastern Europe.
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/ 11 January 2007
Russia restarted the flow of oil through its main oil export pipeline on Thursday after Belarus dropped an oil transit duty imposed last week and agreed to return oil Moscow said it had taken illegally. ”Transneft started to pump oil in the direction of Belarus at 8.22am Moscow time,” Sergei Grigoryev, vice-president of Russian pipeline monopoly Transneft, said.
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/ 10 January 2007
Belarus said on Wednesday it had reached agreement with Russia to settle a dispute that has halted oil supplies through a key pipeline to Europe, but Moscow did not immediately confirm a deal. President Alexander Lukashenko reached a compromise during a telephone conversation with President Vladimir Putin, the Belarussian leader’s office said.
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/ 10 January 2007
Russian officials and oil bosses discussed cutting oil output on Wednesday after a pipeline dispute with Belarus shut down a tenth on Europe’s oil supply, drawing harsh criticism from European leaders. Analysts and traders said Russia, the world’s second largest oil exporter, might need to axe around one million barrels per day of its production if the pipeline does not resume operation within a week.
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/ 11 December 2006
Shell’s experience in the Russian Federation proves the Kremlin has slammed the door on foreign investors who want control of strategic projects — and other investors would do well to take heed, analysts and fund managers said on Monday. Shell has offered to cede control of its $22-billion Sakhalin-2 project to the state gas monopoly.