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Energy Blast – Sept 10, 2008

Deputy Prime Minister Igor Sechin has called for greater cooperation between Russia and Opec, which would increase Opec’s market power. Opec will make a “symbolic” reduction in oil output because it views the market as oversupplied. TNK-BP intends to hold an initial public offering in 2010 or later. Igor Sechin says that conflict at the company is now over.