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Archive for December 31st, 2006

Gazprom’s Sakhalin-2 buy may let EBRD off the hook

Russian gas giant Gazprom's decision to take a majority stake in the Royal Dutch Shell-led Sakhalin-2 project may save the European Bank for Reconstruction and Development (EBRD) from having to approve its most controversial loan application ever.
Analysts and industry executives said the fact Gazprom is government-controlled means the EBRD will likely be precluded by its [...]

Sunday, December 31st, 2006

EBRD set to deny loan to Sakhalin

Europe's top development bank is set to walk away from the Sakhalin-2 energy project in what will be seen as an embarrassing snub to the renationalisation policy of Vladimir Putin, the Russian president.
The London-based European Bank for Reconstruction & Development - which was established to encourage free markets in the former Soviet bloc - fears [...]

Sunday, December 31st, 2006

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