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Destabilization fears over Somalia's first oil deal
There are growing concerns that a groundbreaking oil exploration contract between the Western-backed transitional government of war-torn Somalia and a British-registered company could further destabilize the East African country. ... more
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PetroChina denies more officials probed for graft
PetroChina, the listed arm of China's largest oil producer China National Petroleum Corp (CNPC), rejected a media report Monday that said two of its executives were under investigation for graft. ... more
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Chevron claims new proof of fraud in Ecuador pollution ruling
US oil giant Chevron, hit in Ecuador with a record $19 billion fine for pollution, asked Monday for the court to consider what it claimed was "new evidence" the judge in the case was corrupt. ... more
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China, Kazakhstan eye deals worth $30 bln
Kazakhstan and China plan to sign 22 agreements worth around $30 billion, including in the key energy sector, Kazakh President Nursultan Nazarbayev said Saturday after talks with his Chinese counterpart Xi Jinping. ... more
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