Caspian Sea News
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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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Russia, the world’s biggest energy exporter, will probably reduce duties on most oil shipments abroad by 5 percent on June 1 after Urals crude prices fell.
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Exports of Azeri Light crude from Georgia’s Black Sea port of Supsa for June will be four cargoes of 600,000 barrels, two more than this month, according to a loading schedule obtained by Bloomberg News.
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Daily exports of Azeri Light crude from a port in Turkey will decline by 4.1 percent in June from this month, according to a loading program obtained by Bloomberg News.
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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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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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The two brothers suspected in the deadly Boston Marathon bombings planned to drive to New York City after the April 15 attack and set off more explosives in Times Square, Mayor Michael R. Bloomberg said.
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Azerbaijan’s State Oil Fund, known as Sofaz, will look past the biggest drop in gold prices since 1983 and continue investing in the precious metal, Executive Secretary Shahmar Movsumov said.
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Two brothers suspected in the deadly Boston Marathon bombings used remote controls from toy cars to set off the blasts that ripped through the race’s finish line, according to federal law-enforcement officials and members of Congress briefed on the matter.
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