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Energy Blast – May 9, 2008

Russia’s oil production strategy “is now yielding diminishing returns”. Gazprom has become the world’s third largest listed company by market value, so why has its stock only risen by 4.3% this year? Prime Minister Vladimir Putin intends to lower oil taxes to boost Russia’s economy. France’s EDF has been buying land around nuclear sites in England and Wales, putting it in a position to build new power stations in the UK.