Monthly Archives: December 2011

World Begins to Welcome 2012

December 31, 2011
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Glittering fireworks exploded over Sydney’s Harbour Bridge on Sunday as cheering revelers welcomed 2012 and bid a weary adieu to a year marred by natural disasters and economic turmoil.

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Drumbeat: December 31, 2011

December 31, 2011
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Iran proposes new round of nuclear talks with six world powers as sanctions hit hard TEHRAN, Iran — Iran has proposed a new round of talks about its controversial nuclear program with the six world powers, the country’s top nuclear negotiator said …

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Repsol to acquire Russian E&P company

December 31, 2011
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Repsol has signed the deal on the acquisition of 100% of the Russian company Open Joint Stock Company Eurotek (Eurotek), which holds exploration and production licenses in West Siberia. The transaction has been preapproved by the Federal Antimonopoly Service of the Russian Federation.

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BP plans to exit Sakhalin-5 joint venture with Rosneft

December 31, 2011
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BP PLC will end its 13-year alliance with Russian state-owned oil company OAO Rosneft to explore for oil and gas in Sahkalin, the UK energy giant confirmed Friday, saying it had taken the decision to exit the ZAO Elvary Neftegaz joint venture in part due to the "challenging economics" of the project.

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Colombia to continue exporting gas to Venezuela until mid-2014

December 31, 2011
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Colombia, alongside U.S.-based Chevron Corp. (CVX), has agreed to continue exporting natural gas to energy-rich neighbor Venezuela for two-and-a-half years more, as part of a deal that began in 2008.

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Yemen protesters demand end to southern fighting

December 31, 2011
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ADEN, Dec 31 (Reuters) – Thousands of Yemenis began a 50 km (31 mile) march on Saturday to demand an end to a conflict which has forced nearly 100,000 people to flee southern Yemen, residents said, a day after seven militants were killed in fighting th…

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