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US not worried about OPEC production cut

The United States is not concerned by the prospect of further output cuts by OPEC and its allied oil producers, U.S. Energy Secretary Dan Brouillette said on Tuesday. A technical panel that advises the Organization of the Petroleum Exporting Countries and its allies, led by Russia, have proposed an additional …

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Iraq reducing oil output over carbon concerns

Iraq’s Basra Oil Co will cut crude oil output at the Nahr Bin Omar field to a minimum because of pollution and gas emissions, state news agency reported on Sunday. The company’s Director General Ihsan Abduljabbar said: “Nahr Bin Omar oilfield is considered one of the most controversial fields because …

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Algeria also wants OPEC production cuts

An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of the coronavirus on oil demand, Algeria’s oil minister said in a statement. Mohamed Arkab, who currently holds the presidency of the Organization …

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Iran also supports OPEC production cut

Iran supports deeper crude oil cuts by the Organisation of the Petroleum Exporting Countries (OPEC) if a majority of members agreed with it, Oil Minister Bijan Zangeneh was quoted as saying by the Iranian energy news website Shana. A technical panel, known as the JTC, that advises OPEC and its …

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Gas pipeline attacked in North Sinai

Armed men attacked a gas pipeline in the north of Egypt’s Sinai Peninsula late on Sunday, security sources and witnesses said, but imports of gas through North Sinai from Israel were unaffected. Egyptian security forces have been battling an Islamist insurgency that is concentrated in North Sinai and escalated after …

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Egypt looks to Lebanon as outlet for its gas

Egypt is considering exporting gas to Lebanon using an offshore pipeline, Egyptian Petrol Minister Tarek al-Molla told Al-Arabiya in an interview published Monday. “Unfortunately, the pipeline for importing Egyptian gas to Lebanon passes through Syria. The current circumstances in Syria mean we cannot deliver gas,” Molla said on the sidelines …

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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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