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Energy Watch, December 20

MOSCOW, December 20 (RIA Novosti)

Below is a summary of the main energy-related events in Russia, the CIS and neighboring countries on December 20, 2005

* Georgia will buy Russian natural gas at the price of $110 per 1,000 cu m, Georgian Prime Minister Zurab Nogaideli said after talks with energy giant Gazprom Deputy Chairman Alexander Ryazanov

* Gazprom closed a deal to purchase Sibur, the petrochemical company said in a press release

* The Financial Times reported Donald Evans, a former U.S. secretary of commerce and still close ally of George Bush, had rejected a top managerial position with state-run Russian oil major Rosneft because of personal commitments

* Gazprom's deputy chairman Alexander Ananenkov and senior vice-president of KOGAS Li Kyu Sun met in Moscow December 19 and discussed the possibility of preliminary talks on natural gas supplies from Russia to South Korea

* The board of directors of Gazprom will convene December 28 to consider the company's prospects on the financial market in the wake of the liberalization of its shares

* The Moscow utility grid company Mosenergo said it had approved a decision to take out a $250 million loan from the European Bank for Reconstruction and Development (EBRD) to finance the development and technical upgrade of its energy system

* North Korea intends to develop graphite reactors, which can be used to produce weapons-grade plutonium, the country's main news agency said

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