Azerbaijan News
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Glencore Xstrata Plc, Royal Dutch Shell Plc and Mercuria Energy Trading SA failed to buy North Sea Forties crude at a higher price. Gunvor Group Ltd. didn’t manage to find sellers for Russian Urals crude at a smaller discount to Dated Brent.
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To win Eurovision, the annual pan-European song contest that launched the careers of Abba and Celine Dion, you've got to have style, a killer song and enough charm to convince judges from rival countries to vote for you. For the 2013 finals, aired across the region this weekend, the odds are on Denmark, according to Microsoft.
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Azerbaijan, the third-largest oil producer in the former Soviet Union, pumped less crude in the first four months as production continued to decline from the country’s largest deposit led by BP Plc.
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Azerbaijan started military exercises near its breakaway region of Nagorno-Karabakh as efforts led by the U.S., Russia and France are failing to broker a resolution to the long-running conflict with Armenia.
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BP Plc failed to increase production at Azerbaijan’s largest oilfield in the first quarter even after coming under fire from the nation’s president.
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Frederic Bourke, co-founder of the luxury-handbag maker Dooney & Bourke, is set to enter prison this week for conspiring 15 years ago in what prosecutors called “one of the most audacious” bribery schemes ever attempted in the former Soviet Union.
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Six blocks from the Caspian Sea, on Kotrova Street in central Makhachkala, sits a mosque being watched by undercover Russian agents charged with preventing acts of terror.
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Oil & Natural Gas Corp. sold $800 million of debt in its first dollar bond sale since 1986 as India’s largest energy explorer starts its biggest push to boost the nation’s energy security.
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VTB Group, Russia’s second-largest lender, said investors including sovereign wealth funds in Norway, Qatar and Azerbaijan have agreed to buy all $3.3 billion of new shares it’s selling to increase capital.
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Azerbaijan’s credit rating was affirmed by Fitch Ratings, which cited strong state finances, cash from energy sales and low debt.
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