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Archive for February 17th, 2007

Exxon must bid for Sakhalin reserves in Russia as output peaks

Exxon Mobil Corp., the biggest oil company by market value, will have to bid for new oil and gas reserves as a minority shareholder to expand output off Sakhalin Island as Russia tightens control of its resource wealth.
Russia rejected Exxon Mobil Corp.'s request to expand its Sakhalin-1 contract automatically to include new discoveries, the Natural [...]

Saturday, February 17th, 2007

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