Russia Oil




Russia ordered to pay US$ 50bn in Damages to Yukos
- the Guardian: LINK ¤ the GUARDIAN

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  • "Russia has been ordered to pay US$ 50bn to shareholders of Yukos"

 

 

 

 

 

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  • "the former defunct oil company that was broken up a decade ago after its boss fell foul of Vladimir Putin"

 

 

 

 

 

 

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  • "a tribunal in the Hague ruled that the Russian state had sought to bankrupt Yukos"

 

 

 

 

 

 

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  • "appropriate its assets and prevent its owner, Mikhail Khodorkovsky, from entering politics"

 

 

 

 

 

 

 

 

 

 

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  • "the permanent court rejected Moscow's arguments that the assets seizure was driven by tax-collection motives"

 

 

 

 

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  • "the tribunal found that the country's courts had "bent to the will of Russian executive authorities""

 

 

 

 

 

 

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  • "Yukos was the largest oil company in Russia when, in 2003, Khodorkovsky was arrested on an airport runway in Siberia"

 

 

 

 

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  • "he had made millions in the controversial privatisations of the 1990s to become Russia's richest man"

 

 

 

 

 

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  • "he roused Putin's ire by refusing to stay out of politics"

 

 

 

 

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  • "and served 10 years in jail in what were widely seen as trumped-up charges"

 

 

 

 

 

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  • "the biggest loser could be the state-owned oil company Rosneft"

 

 

 

 

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  • "which bought Yukos assets in auctions when the latter's stock was almost worthless"

 

 

 

 

 

 

 

 

 

 

 

 

 

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-
Capital: Moscow -GoR = Government of Russia ]


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US Companies
- US cable - 2006:
LINK ¤ 07MOSCOW980

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  • "US majors are involved in several high-profile deals"

 

 

 

 

 

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  • "and below-the-radar deals are becoming more common as well"

 

 

 

 

 

 

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  • "Russia will need western expertise - most urgently on the gas side"

 

 

 

 

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  • "as it moves to exploit the offshore and the eastern half of the country"

 

 

 

 

 

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  • "our companies tell us that they can work"

 

 

 

 

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  • "within the new "rules" governing the sector"

 

 

 

 

 

 

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  • "minority stakes with Gazprom or Rosneft holding the keys to the kingdom"

 

 

 

 

 

 

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  • "Russia is a long-term play for them"

 

 

 

 

 

 

 

 

 

 

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  • "all three US majors have made sizable investments here"

 

 

 

 

 

 

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  • "the two billion dollars ExxonMobil put into Sakhalin-1 brought the company to its targets"

 

 

 

 

 

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  • "Chevron recently signed JV [joint venture] with GazpromNeft is doing well"

 

 

 

 

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  • "they intend to partner on more than just the current one or two licenses in West Siberia"

 

 

 

 

 

 

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  • "ConocoPhillips has invested US$ 8 billion in Lukoil"

 

 

 

 

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  • "is quite active in the Timan-Pechora region and is looking to expand refining"

 

 

 

 

 

 

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  • "smaller companies like Amerada Hess (with an active and growing investment)"

 

 

 

 

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  • "and Harvest Natural Resources (with a putative gas deal in the offing)"

 

 

 

 

 

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  • "are finding that working "below-the-radar" pays off"

 

 

 

 

 

 

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  • "the land-office business service companies Halliburton and Schlumberger"

 

 

 

 

 

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  • "will likely be among the main beneficiaries of Russia's foray"

 

 

 

 

 

 

 

 

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comment US:


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  • "Russia is a long-term play for them and one that they cannot ignore"

 

 

 

 

 

 

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  • "making our companies the partners of choice will require our continued [us embassy] efforts"

 

 

 

 

 

 

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  • "to encourage an environment in which deals can flourish"

 

 

 

 

 

 

 

 

 

 

 

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Oil Companies - US cable - 2007:
LINK ¤ 07MOSCOW3529

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  • "representatives of Chevron, ExxonMobil, and ConocoPhillips told us"

 

 

 

 

 

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  • "Russia is about to embark on a new era of oil and gas development in areas"

 

 

 

 

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  • "East Siberia and Arctic regions"

 

 

 

 

 

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  • "that cannot be exploited without Western technologies and expertise"

 

 

 

 

 

 

 

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  • "a "very sensitive" Russia"

 

 

 

 

 

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  • "is seeking recognition of its new status and power in the world"

 

 

 

 

 

 

 

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  • "the executives were unanimous and clear in their interest"

 

 

 

 

 

 

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  • "that the US approach Russia in a positive manner"

 

 

 

 

 

 

 

 

 

 

 

 

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BP - US cable - 2009: LINK ¤ 09MOSCOW1811

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  • BP Russia president Jeremy Huck: "his first priority is to maintain and protect BP's investment in TNK-BP"

 

 

 

 

 

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  • "next priority is to expand BP's opportunities in Russia"

 

 

 

 

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  • "through projects with Rosneft, Lukoil, and Gazprom"

 

 

 

 

 

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  • "TNK-BP is performing "extremely well""

 

 

 

 

 

 

 

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  • "BP received US$ 3 billion in shareholder dividends this year"

 

 

 

 

 

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  • "and US$ 11 billion in "free cash flow" over the past six years"

 

 

 

 

 

 

 

 

 

 

 

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BP - US cable - 2008: LINK ¤ 08MOSCOW3394

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  • "BP vice president for Russia and Kazakhstan, David Peattie:"

 

 

 

 

 

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  • "BP plans to be in Russia "for the next 50 years""

 

 

 

 

 

 

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  • "and is thinking of the long-run in terms of its investments"

 

 

 

 

 

 

 

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  • "BP's growing ties with Rosneft is the potential long-term foundation"

 

 

 

 

 

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  • "and the Caspian Pipeline Consortium pipeline (CPC), in which BP is a partner"

 

 

 

 

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  • "BP is withholding its approval of the most recent expansion agreement as a "negotiating tactic""

 

 

 

 

 

 

 

 

 

 

 

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Chevron - US cable - 2007: LINK ¤ 07MOSCOW509

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  • "Chevron's Russia chief, Ian MacDonald, about CPC pipeline expansion and a Gazpromneft deal"

 

 

 

 

 

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  • "Chevron's announcement on a new southern route for Kazakhstan oil"

 

 

 

 

 

 

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  • "was a very real consideration of alternatives to Russia"

 

 

 

 

 

 

 

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  • "a pipeline from Atyrau to Kuryk, shipping oil across the Caspian to Baku"

 

 

 

 

 

 

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  • "Kazakhstan wants to find routes out for its oil"

 

 

 

 

 

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  • "but doesn't want its fingerprints all over the search for alternatives"

 

 

 

 

 

 

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  • "because they fear upsetting the Russians"

 

 

 

 

 

 

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  • "so, they are letting the companies take the lead"

 

 

 

 

 

 

 

 

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  • "MacDonald showed us a letter from Gazprom head Alexey Miller"

 

 

 

 

 

 

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  • "that mentioned potential joint projects in the Arctic"

 

 

 

 

 

 

 

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  • "he described it as the best letter he has ever received from Gazprom"

 

 

 

 

 

 

 

 

 

 

 

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Sakhalin - US cable - 2006: LINK ¤ 06MOSCOW12458

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  • "we [us embassy] contacted ExxonMobil's Sakhalin office to get an update"

 

 

 

 

 

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  • "Sakhalin-1 is exporting on a "trial" basis in the sense that they are not yet producing - and exporting"

 

 

 

 

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  • "the expected 250,000 barrels per day (b/d) from the terminal"

 

 

 

 

 

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  • "presently, they are producing roughly 100,000 b/d"

 

 

 

 

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  • "all of which is being loaded on tankers and sent to global markets"

 

 

 

 

 

 

 

 

 

 

 

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Halliburton - US cable - 2007: LINK ¤ 07MOSCOW3369

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  • "Halliburton Russia vice president Simon Turton said"

 

 

 

 

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  • "that Russia is the most important growth market for Halliburton"

 

 

 

 

 

 

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  • "Halliburton hopes to triple business to US$ 1.5 billion over the next two years"

 

 

 

 

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  • "largely through acquisitions of local service companies"

 

 

 

 

 

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  • "Halliburton is moving aggressively in Russia"

 

 

 

 

 

 

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  • "to grow its share of the US$ 13 billion oil and gas field services market"

 

 

 

 

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  • "from the current US$ 500 million to US$ 1.5 billion in 3 years"

 

 

 

 

 

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  • "he described Russia as the most promising market for Halliburton"

 

 

 

 

 

 

 

 

 

 

 

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Chevron - US cable - 2007: LINK ¤ 07MOSCOW4691

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  • "Chevron Russia president Ian MacDonald:"

 

 

 

 

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  • "Chevron is hoping to develop oil and gas fields in Turkmenistan"

 

 

 

 

 

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  • "Chevron is in the closing phase of negotiations on a JV [joint venture] with Gazpromneft (Gazprom's oil subsidiary)"

 

 

 

 

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  • "to develop some small fields"

 

 

 

 

 

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  • "Chevron's initial investment would only be in the US$ 200-300 million range"

 

 

 

 

 

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  • "not much to lose if things went south"

 

 

 

 

 

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  • "if all went as planned, production revenues would ramp up quickly"

 

 

 

 

 

 

 

 

 

 

 

 

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Oil Traders
- US cable - 2008: LINK ¤ 08MOSCOW3380

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  • "the market for physical oil trades has two segments"

 

 

 

 

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  • "one is comprised of major international oil companies"

 

 

 

 

 

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  • "the other is comprised of companies such as Glencore, and Vitol"

 

 

 

 

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  • "who serve as intermediaries"

 

 

 

 

 

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  • "to make money by buying and selling oil"

 

 

 

 

 

 

 

 

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  • "oil trading in Russia"

 

 

 

 

 

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  • "has a reputation for secretive deals involving intermediary companies"

 

 

 

 

 

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  • "with unknown owners and beneficiaries"

 

 

 

 

 

 

 

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  • "oil exports from state-owned or state-influenced oil companies"

 

 

 

 

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  • "have been funneled through favored oil traders"

 

 

 

 

 

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  • "yielding billions of dollars of profits for these companies"

 

 

 

 

 

 

 

 

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  • "of particular note in the Russian oil trading business is the Swiss firm Gunvor"

 

 

 

 

 

 

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  • "the company is one of Putin's sources of undisclosed wealth"

 

 

 

 

 

 

 

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  • "Gunvor may control up to 50% of total Russian oil exports"

 

 

 

 

 

 

 

 

 

 

 

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Khodorkovsky - US cable - 2007: LINK ¤ 07MOSCOW697

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  • "Russia's Attorney General has charged Mikhail Khodorkovsky and Platon Lebedev"

 

 

 

 

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  • "with two counts of embezzlement and two counts of money-laundering"

 

 

 

 

 

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  • "the charges are based on their alleged illegal acquisition of state shares in Eastern Oil Company (VNK)"

 

 

 

 

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  • "the prosecutor alleges that Khodorkovsky and Lebedev transferred the VNK shares to a series of offshore companies"

 

 

 

 

 

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  • "the charges also allege that between 1998 and 2003, some 850 billion rubles (US$ 32 billion) in oil"

 

 

 

 

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  • "from Yukos subsidiaries Samaraneftegaz, Yuganskneftegaz, and Tomskneftegaz"

 

 

 

 

 

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  • "were illegally obtained by Khodorkovsky and Lebedev through transfer pricing schemes"

 

 

 

 

 

 

 

 

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  • "Yukos began acquiring VNK in 1997, gaining controlling ownership in 2000, and outright ownership in 2002"

 

 

 

 

 

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  • "each time through a combination of privatization auctions"

 

 

 

 

 

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  • "and purchases on the secondary market"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Russland muss Yukos-Aktionären 50 Milliarden Dollar zahlen - der Standard: LINK ¤ der STANDARD

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  • "Russland muss Ex-Aktionären des einst größten Ölkonzerns Yukos"

 

 

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  • "eine Rekord-Entschädigung in Höhe von 50 Milliarden Dollar zahlen"

 

 

 

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  • "die Zerschlagung des Unternehmens des Kreml-Gegners Michail Chodorkowski ist politisch motiviert gewesen"

 

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  • "hieß es in dem Urteil des Ständigen Schiedsgerichtshofs in Den Haag"

 

 

 

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  • "Chodorkowskis Yukos-Konzern war Anfang des Jahrtausends zerschlagen worden"

 

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  • "Filetstücke von Yukos fielen beispielsweise an den Staatskonzern Rosneft"

 

 

 

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  • "der primäre Grund für die Zerschlagung von Yukos ist nicht das Eintreiben von Steuern gewesen"

 

 

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  • "sondern das Ziel den Konzern in den Bankrott zu treiben"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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RUSSIA OIL - Wikipedia EN: LINK ¤ RUSSIA OIL

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  • "Russia is the largest oil producer in the world, producing an average of 10.2 million barrels (1,620,000 m3) of oil per day, or 12% of the world"

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