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Saga raises $30M in drive for Urals oil

Published Jun 25, 2007

Russia illust

Oslo-listed Saga Oil has raised NOK180 million ($30 million) listing to private and institutional investors, it was announced Monday.

Saga is focused on the Russian oil of the giant Orenburg Region of Western Siberia. To date, Saga lists some 40 million barrels in its book of Russian reserves.

 

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