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Energy Blast – Nov 5, 2008

The declaration on the Nagorno-Karabakh, generally thought to have been signed with the aim of optimizing possibilities for energy politics in the region, ‘does not contain any significant commitments’, says this report. The Kremlin has increased its share in the Caspian Pipeline Consortium to 31%, buying a 7% stake from Oman. St Petersburg protesters could be in luck – the financial crisis may succeed in frustrating Gazprom’s plans to build a controversial $2 billion skyscraper as its new headquarters in the city.