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Business news - 09 May 2012

 

Dependence on Russia deepens

As energy supplies around the globe look less reliable, Russia is seizing the opportunities to strengthen its position as a major oil and gas exporter. Dr Hooman Peimani reports.

 

Shell uncovers two more leaks in Nigerian Delta

Shell has reported that it has uncovered two further onshore oil pipeline leaks in Nigeria’s Delta, soon after the company declared force majeure on crude exports due to theft-related outages.