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Western companies have either sold or ceded energy assets to Russian firms and European governments have taken over units of Russian energy firms, while Moscow has taken retaliatory measures against Western companies with units in Russia. The company was renamed Sefe (Securing Energy for Europe), and the German government injected 6.3
billion and that the company operates the Shah Deniz gasfield with a 29.999 percent participating interest. “This is expected to accelerate evaluation of development opportunities for the block, on which a first well drilled in 2021 encountered gascondensate resources,” BP noted.
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