Energy Blast – Sept 25, 2008

Azerbaijan is sticking to plans to reduce oil exports to the EU and increase shipments to Russia and Iran, as the South Caucasus country – home to another Russia-influenced frozen conflict in Nagorno-Karabakh – seeks to spread risk; There is continued speculation that Robert Dudley would quit BP by year’s end mounted as he was set to attend his last board meeting as chief of TNK-BP, BP’s Russian joint venture; PM Putin stated that Igor Sechin, deputy prime minister of Russia, will head the governmental commission for the development of power generation; Sechin added to journalists that Oil companies are prepared to supply diesel fuel and fuel oil to power plants at fixed prices.