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Energy Blast – Sept 15, 2008

Italy’s Enel and United Co. Rusal are in talks to build a new power unit for Enel’s OGK-5 generating plant near the Ural Mountains. The head of Enel says he sees no political risks for his business in Russia. Tensions in the oil markets are relaxing after Hurricane Ike inflicted less damage than expected. The Polish president believes military intervention in Georgia was aimed at obstructing Europe’s efforts to cut reliance on Russian energy resources.