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Economy / Russia

Sibir Threatened By Russia's Environment Agency

February 2008 | Company News Alert

Russia's environmental watchdog has recommended revoking production rights for a unit of London-listed upstream independent Sibir Energy, citing serious violations. The exploration and production (E&P) company's Magna unit is said to have broken ecological laws and the terms of its licence, according to Russian agency Rosprirodnadzor in an emailed statement.

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