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The International Energy Agency (IEA) warned on Tuesday that the conflict in Georgia threatens a strategic world global energy region. Just hours before, British oil giant British Petroleum closed two more oil and gas pipelines blaming the smoldering conflict.
“Recent escalation in military engagement between Russia and Georgia poses a threat to certain key oil and gas pipelines which transit Georgia,” the IEA said. Meanwhile, Georgia claimed Russian aircraft had attacked the region’s main oil transportation vein known as the Baku-Tbilisi-Ceyhan (BTC) pipeline but did not know if any damage had …