MOSCOW, April 23 (RIA Novosti) – Gazprom and Germany’s E.ON could sign a deal for the German company to join the development of northwest Siberia’s Yuzhno-Russkoye oil and gas field as early as the summer, the E.ON head said on Thursday.

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Updated news from Balkans powered by www.seenews.com Wednesday 22 April 2009, by Emanuele G. – 0 letture

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April 22 (Bloomberg) — TNK-BP , BP Plc’s Russian venture, is seeking a “significant minority stake” in Sibir Energy Plc as the London-listed oil producer seeks to recover as much as $400 million from one of its largest shareholders.

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Anglo-Russian oil venture TNK-BP is seeking a large minority stake in Sibir Energy, the London-listed oil producer and refiner with operations in Russia, Credit Suisse International said Wednesday.

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Georgia temporarily suspends gas supply to Armenia due to reconstruction works.

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Updated news from Balkans powered by www.seenews.com Tuesday 21 April 2009, by Emanuele G. – 0 letture Serbia reconsidering participation in Georgia drill Apr 21, 2009, 18:30 CET | Story | B92 A state secretary with the Ministry of Defense confirmed today that two military exercises will take place in Georgia within the Partnership for Peace program.

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The Audit Chambers of both Ukraine and Russia confirm a positive balance of RosUkrEnergo’s debt to Russia’s Gazprom natural gas monopoly in the amount of USD 514.16 million as of February 6, the Russian chamber says.

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April 21 (Bloomberg) — The following companies may have unusual price changes in Russia trading. Stock symbols are in parentheses, and share prices are from the previous close.

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MOSCOW. April 20 (Interfax) – The Russian stock market made a large downward correction on Monday following declining world markets and oil prices, as well as the ruble’s weakening position against the bi-currency basket.

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BY JOANNA LILLIS Not so long ago Kazakhstan was entertaining aspirations of becoming one of the world’s 50 largest economies. Now, Astana finds itself in a position where it must reluctantly part with energy assets in order to prop up its shaky financial sector.

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