Energy Blast – Aug 11, 2008
Source: http://www.robertamsterdam.com/2008/08/energy_blast_aug_11_2008.htmPosted on Monday, August 11th, 2008 | In Emerging Markets, Market Commentary, Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
The Georgian conflict has raised the oil price by sparking fears of disrupted supply. BP is “on alert†after Russian forces targeted the BP-operated Baku-Tbilisi-Ceyhan pipeline in Tbilisi, but left “no visible damageâ€. BP’s production is said to have suffered from the conflict. “The flare-up of major hostilities between Russia and Georgia has been dubbed by some ‘the pipeline war’.†Honghua Group, the world’s second-largest maker of onshore oil rigs, has won a $200 million contract to sell drilling rigs in Russia. TNK-BP’s Robert Dudley has been fined $21 for labor violations. Gazprom Neft wants to swap a stake in one of its own projects for a 49% stake in Kazakh oil firm MangistauMunaiGas.
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Emerging Markets, invest in russia, investing in russia, Market Commentary, Russia, russian stocks
Emerging Markets, invest in russia, investing in russia, Market Commentary, Russia, russian stocks
 About Robert Amsterdam (http://www.robertamsterdam.com/)
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