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KYIV/PRAGUE (Reuters) -Ukraine will continue to meet its obligations to transit Russian oil to Europe, a presidential aide said on Friday after earlier suggesting it could halt supplies via the Druzhba pipeline next year.Comments by Ukrainian presidential aide Mykhailo Podolyak, reported by local media on Friday, had suggested flows of Russian oil may stop from January, but he later said Ukraine supported EU efforts to diversify its oil supply and would not break contracts running to 2029."Ukraine has fulfilled and will fulfill its contractual obligations in full until the scheduled completion date... because it concerns our bilateral relations with European...

WARSAW (Reuters) – Germany said on Wednesday it was receiving less oil but still had enough supplies after Poland found a leak in the Druzhba pipeline that takes crude from Russia to Europe, which Warsaw said may have resulted from an accident rather than sabotage…. …Drone footage showed a black slick of oil from the underground pipeline spreading across farmland at the spill site, surrounded by fire engines and other emergency teams. “The security of supplies in Germany is currently guaranteed,” an Economy Ministry spokesman told Reuters. He added that “the refineries in Schwedt and Leona are still receiving crude...

21:02 - 05.11.2004Experts From Bulgaria, Greece and Russia Agree on Controversial Oil Pipe Project SOFIA (bnn)- Experts from Bulgaria, Greece and Russia have ironed out differences on a joint project to pipe Russian oil from the Black Sea to the Aegean bypassing the Bosporus strait in Turkey, Bulgaria’s Ministry of Regional Development said Friday.

For a decade Washington has been backing the Turkish and Azerbaihan governments to steer the export of Caspian region crude oil away from Russia. Russia's newest riposte has been to ally the Russian and Iranian oil industries, and open up the shortest, cheapest, and most lucrative oil route of all, southwards out of the Caspian to Iran. The economics of the southward route are the latest blow for the Bush Administration, as it tries to redraw the geography of the Caucasus on an anti-Russian map. But for oil exporters and shippers in the Caspian, President George Bush's jawboning looks to...