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Archive for December 21st, 2007

Russia cuts funds for Exxon China pipeline study

Russia will allow oil major Exxon Mobil to spend $1.26 billion on Sakhalin-1 project in 2008, $576 million less than it had asked, as it found that studies of a pipeline to China are unnecessary.
The energy ministry said in a statement on Friday it had cut Sakhalin-1's $1.84 billion plan request in a move [...]

Friday, December 21st, 2007

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