At this point, there are much more pressing threats to the pipeline’s continued functioning. A long simmering dispute between Georgia and Russia over the disputed South Ossetia region erupted into war. Reports on Monday morning confirmed that Russian forces had pressed along the Greater Liakhvi River, beginning to enter the city of Gori.
Brazilian company Petrobras Singapore Private Limited was awarded a three month term contract to supply the Ceypetco with fuel oil. For full story, click here
China’s Andes Petroleum has agreed to modify its drilling and exploration contract with Equador. For full news, click here
Ecuador’s oil minister reported that Brazil’s state-run oil company Petrobras has agreed to renegotiate a 21-year drilling and exploration contract in Equador. For full news, click here
Get our independent commentary on oil trends and companies delivered to your inbox.
