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Iran filling breach left by foreign gas companies

Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday. “Now with the exit of the other two companies from the contract, …

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Poland buying more from Saudi Aramco

Polish oil refiner PKN Orlen, said on Tuesday it would increase monthly crude oil purchases from Saudi Aramco to 400,000 from 300,000 tonnes as part of its efforts to diversify supply. Poland’s biggest oil refiner, which buys most of its oil from Russia via pipeline, has been receiving oil from …

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Turkey criticises EU over Cypriot gas exploration

Turkey called on Sunday for the European Union to end what it said was the bloc’s prejudice against Turkish Cypriots, defending its launch of a fresh round of hydrocarbons drilling off the Mediterranean island. Turkey began drilling for oil and gas near Cyprus last year despite warnings from the EU, …

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Libya peace conference condemns oil diplomacy

A summit in Germany bringing together foreign powers backing rival camps in Libya has called for all parties to refrain from hostilities against oil facilities, a draft of the final communiques showed on Sunday. The draft also recognizes Tripoli-based state oil company NOC as the sole legitimate entity allowed to …

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US keen on energy partnerships, eyes China, expanding NATO to Mideast

The United States is committed to regional political stability, a US State Department official underscored on Sunday. Francis Fannon, Assistant Secretary at the US State Department’s Bureau of Energy Resources, said that following his visit to the UAE last January, he is visiting the country again to “underscore the United …

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Saudi Arabia preparing for new renewable bid round

Saudi Arabia’s energy ministry has issued a request for qualifications from companies looking to taking part in the third round of its national renewable energy program, the state news agency SPA said on Thursday. The third round includes four solar photovoltaic projects with a combined generation capacity of 1,200 MW, …

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Germans trying to salvage Iran nuclear deal

Germany still wants to save Iran’s 2015 nuclear deal with six major powers despite Tehran’s announcement on Sunday that it would abandon limitations on enriching uranium, a German Foreign Ministry spokesman said on Monday. “That would be a further breach of the JCPoA (Joint Comprehensive Plan of Action) but not …

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Israel admits its a nuclear power

In an apparent slip of the tongue on Sunday, Prime Minister Benjamin Netanyahu described Israel as a nuclear power before correcting himself with a bashful nod and an embarrassed smile. Israel is widely believed to have an atomic arsenal but has never confirmed or denied that it has nuclear weapons, …

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Israel, Cyrpus and Greece sign gas pipeline deal

Greece, Cyprus and Israel on Thursday are expected to sign a deal to build a 1,900 kilometer (1,180 mile) subsea pipeline to carry natural gas from the eastern Mediterranean’s rapidly developing gas industry to Europe. They aim to reach a final investment decision in 2022 and completion by 2025. European …

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Leviathan gas field begins production

Israel’s largest energy project started production on Tuesday, paving the way for multi-billion dollar natural gas export deals with Egypt and Jordan to begin in the coming weeks. Gas began flowing from the massive offshore Leviathan field in the early morning after regulatory delays and court petitions by groups opposing …

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Exxon Mobile heading to Egyptian shores

Exxon Mobil Corp said on Monday it acquired 1.7 million acres for exploration offshore Egypt, with operations scheduled to begin in 2020. The acquisition includes acreage in the 1.2 million North Marakia Offshore block located about five miles offshore Egypt’s northern coast and 543,000 acres in the North East El …

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Russian gas headed to Bulgaria via Turkey

Bulgaria will start receiving natural gas from Russia’s Gazprom via Turkey from Jan. 1 and would no longer use the route through Ukraine and Romania, Energy Minister Temenuzhka Petkova said on Monday. Petkova said the new route via the TurkStream pipeline would be more economically viable and could result in …

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Turkey moving into electric car business

Turkey’s new domestic electric car project will have a fixed investment of 22 billion lira ($3.7 billion) over a period of 13 years, with an annual production capacity of 175,000 vehicles, the Official Gazette said on Friday. The project, launched on Oct. 30, will receive state support, including tax breaks, …

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New Saudi gas project at Dorra

Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday a new project at the Dorra offshore gas field would start soon, Saudi newspaper Eqtisadiah reported. Prince Abdulaziz made the comments at the Khafji oil field complex in Saudi Arabia, a day after signing a deal with Kuwait that ended …

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Kuwait and Saudi agree on oil-filled neutral zone

Kuwait and Saudi Arabia on Tuesday signed an agreement and a memorandum of understanding on dividing the Neutral Zone between the two countries which contains jointly operated oilfields, Kuwait’s state-run news agency (KUNA) said. There were no additional details on the agreement, which resolves a more than five-year dispute between …

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Gas deal signed between Greece, Israel and Cyprus

Greece, Cyprus and Israel will press ahead with the development of a pipeline channeling natural gas from the eastern Mediterranean to Europe, Greek Prime Minister Kyriakos Mitsotakis’ office said on Sunday. Mitsotakis, Israeli Prime Minister Benjamin Netanyahu and Nicos Anastasiades, the president of Cyprus, will sign an agreement on the …

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Arak nuclear reactor on line, Iran says

The secondary circuit of Iran’s Arak heavy water nuclear reactor will become operational on Monday, the country’s semi-official Mehr news agency reported. The starting of the secondary circuit will not violate restrictions placed on Iran’s nuclear program under a 2015 deal with world powers, but shows Iran is continuing work …

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Egypt to begin importing Israeli gas

Egypt will begin importing natural gas from Israel by mid-January 2020, a senior industry source said on Sunday. Israeli gas exports to Egypt will gradually reach 7 billion cubic meters, the source said on condition of anonymity. Egyptian company Dolphinus Holdings reached a landmark deal last year with the Israeli …

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Homs refinery hit by rocket attack

Rockets were fired overnight at Syria’s main Homs refinery and two gas units causing minor damage and disrupting production, oil officials said on Saturday, calling it a “terrorist attack”. Fires were extinguished after several hours and maintenance engineers had begun repair work, the refinery head, Haitham Musawkar, was quoted as …

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EU not happy with Iran nuclear plans

European parties to the Iran nuclear deal are likely to trigger a dispute resolution process in January to force Tehran to rollback violations, but would stop short of rushing to restore U.N. sanctions that would kill off the accord, diplomats said. Iran has criticized Britain, France and Germany for failing …

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Japan worried about Iran uranium enrichment

Japanese Prime Minister Shinzo Abe on Friday expressed serious concerns to Iranian President Hassan Rouhani over Iran scaling back its commitments to a 2015 nuclear deal, and urged him to refrain from taking steps that undermine the agreement, a Japanese government official said. The official was talking to a media …

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Israeli court okays Leviathan exploration

Israel’s energy ministry gave its final approval for the start of production at the giant Leviathan gas field and said the wells will open early on Monday after a court lifted a temporary injunction granted over environmental concerns. Rescinding Tuesday’s injunction, the Jerusalem District Court said on Thursday appellants had …

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Legal row threatens Israeli gas field exploration

Companies developing the huge natural gas field Leviathan will try to convince an Israeli court on Wednesday to remove an injunction that threatens to delay production due to environmental concerns. On Tuesday, the Jerusalem District Court, in a surprise decision, issued a temporary order that barred any gas emissions from …

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Oman sells electricity stakes to China

Oman’s state-owned Electricity Holding Company, also known as Nama, has sold a 49% stake in Oman Electricity Transmission Co. to State Grid Corporation of China, raising around $1 billion, Mansoor Al Hinai, a Nama spokesman, said on Sunday. The deal is one of five privatizations that Nama is planning as …

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Qatar pushing up gas production on schedule

Qatar’s QP chief executive Saad al-Kaabi said on Saturday the Gulf state was on track to expand its gas production to 110 million tons annually by 2024. “We are on plan for 2024,” Kaabi told the Doha Forum conference. Qatar announced earlier plans to expand production from the current 77 …

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