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OIL AND GAS
UK defence ministry slams Russia's 'false claims' on attacks
by AFP Staff Writers
London (AFP) Oct 29, 2022

The UK defence ministry on Saturday rejected claims by Russia that its specialists were involved in attacks on Nord Stream gas pipelines and the Russian navy's Black Sea Fleet.

The defence ministry tweeted: "To detract from their disastrous handling of the illegal invasion of Ukraine, the Russian Ministry of Defence is resorting to peddling false claims of an epic scale."

Russia's defence ministry alleged that the same group of British military specialists helped plan a drone attack Saturday on ships in Moscow-annexed Crimea and were involved in a "terrorist attack" on the Nord Stream 1 and 2 pipelines on September 26.

The British defence ministry said that this "invented story says more about arguments going on inside the Russian Government than it does about the West".


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OIL AND GAS
Austria's OMV profits up amid soaring energy prices
Vienna (AFP) Oct 28, 2022
Austrian oil and gas group OMV said Friday it recorded a high third quarter profit due to soaring energy prices. For the period from July to September, OMV recorded a net profit of 3.3 billion euros ($3.3 billion), compared to 279 million euros for the same quarter last year. Revenue doubled year-on-year to 17.2 billion euros thanks to "significantly higher market prices", the company said in a press release. OMV - which worked closely with Russian giant Gazprom until the invasion of Ukrain ... read more

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