Kazakhstan’s state-owned energy group, KazMunaiGaz, has agreed to buy 75% of Romanian oil firm Rompetrol in a deal estimated to be worth USD 2.7 billion. Rompetrol CEO Dinu Patriciu said the deal offers Europe “an energy bridge that does not depend on Russia.” This is in regard to Russia’s state-owned gas monopoly Gazprom cutting supplies to Ukraine during the winter of 2006/07 in a dispute over how much Kiev should pay. Gazprom has also threatened to cut supplies to Georgia, and in recent months, Belarus. (BBC)

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