Turkey’s national oil company will explore for oil and natural gas with the American company in the Black Sea in the near future.
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Exxon Mobil Corp and Turkey’s state-run oil company, TPAO, signed a deal Wednesday for the joint exploration and development of oil and natural gas off its Black Sea coast.
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Barrel prices were pushed gently northward in early trading on Monday, as a confluence of factors threatened supply and made it an attractive alternative investment. The dollar’s decline relative to the euro increased anti-inflation hedging activities in commodities.
Azerbaijan’s state oil company has declared force majeure on its exports of Azeri crude from Turkey, due to a fire at Baku-Tbilisi-Ceyhan crude oil pipeline.
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Friday, November 21, 2008