Rosneft’s formidable CEO Igor Sechin has warned that redundancies may be necessary for the ‘optimization’ of the oil giant. Azerbaijan expects a 12% increase in natural-gas production by 2015. Singapore is apparently leaning on local oil companies to cease their dealings with sanction-battling Iran. Debt-stricken Greece plans to release €40 million in emergency funds to help stave off a potential power crisis, says Reuters. India’s biggest buyer of liquefied natural gas, Petronet, apparently intends to raise about $1 billion in debt this year to expand its import capacity.