Russian oil to be transported to southeastern Europe after Bulgaria's parliament ratified Wednesday a trilateral agreement for the construction and exploitation of a pipeline.
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A little-known Russian company has bought the last remaining assets of the bankrupt Yukos oil company, including its multi-story headquarters in Moscow. The firm Prana bought the assets for $3.9 billion at an auction today.
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Russia's state-owned oil firm Rosneft says it wants to acquire nearly all of the bankrupt Yukos Oil Company's production assets, as the Kremlin pushes to expand its control over the country's oil and natural gas riches.
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Russia and China have signed new trade deals in metals, mining, and oil worth a total $4 billion. The 21 contracts include an agreement by state-controlled Russian oil company Rosneft to supply jet fuel to China as well as long-term export contracts for Russian steel products.
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Russian state-controlled oil firm Rosneft today announced it will take out $22 billion in loans in order to bid for assets of bankrupt oil giant Yukos.
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Russia, Greece, and Bulgaria have signed a long-awaited deal to build a trans-Balkan pipeline that will boost oil supplies to Western markets. The pipeline will ship Russian oil from the Black Sea to the Mediterranean, avoiding the overcrowded Bosphorus Strait.
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Russian President Vladimir Putin will attend a signing ceremony Thursday for a deal to build a Russian oil pipeline to a port in northern Greece following strong pressure from Moscow to conclude decade-long negotiations.
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Russia, Greece, and Bulgaria have signed a deal to build a pipeline to transport Russian oil from the Black Sea to a Greek port on the Aegean.
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Belarus has announced it will sharply increase transit tariffs for Russian oil this month.
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Russian President Vladimir Putin says his country will continue to support Belarus's economy, but at a "significantly reduced" level.
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The prime ministers of Russia and Belarus, Mikhail Fradkov and Syarhey Sidorski, are continuing talks today on issues related to the transit of Russian oil through Belarus to Western Europe.
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