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Burgan fire threatens Kuwait oil industry

A “limited fire” broke out on Monday at the Kuwait Oil Co’s Greater Burgan field, injuring two workers but with no impact on production, the state news agency KUNA reported, citing a company statement. The fire was quickly brought under control, it said. Greater Burgan is Kuwait’s biggest and one …

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Fire breaks out in Homs refinery

Syrian authorities are working on extinguishing a fire that erupted in its main Homs refinery in the west of the nation, state media said on Sunday. The fire erupted in a distillation unit due to a leak in a pumping station, it said without elaborating. State television showed live footage …

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Egypt signs historic $7.5 billion petrochemical deal

Egypt has signed a $7.5 billion deal to construct a petrochemical complex in the Ain Sokhna industrial zone, the cabinet said on Wednesday. The deal, between the Red Sea National Refining and Petrochemicals Company and the Suez Canal Economic Zone’s development company, aims to produce value-added petroleum products in order …

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UAE may buy stake in Israeli Tamar gas field

Delek Drilling DEDRp.TA said on Monday it had signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi’s Mubadala Petroleum for $1.1 billion. The deal, if finalised, would be one of the most significant developments since Israel and the United Arab …

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Iran driving towards 60% uranium enrichment

Iran said on Tuesday it will start enriching uranium to 60% purity, a move bringing the fissile material closer to levels suitable for a bomb, after accusing Israel of sabotaging a key nuclear installation. The disclosure came soon before the resumption of talks in Vienna aimed at reviving Iran’s 2015 …

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IMF warns Jordan about unemployment, electricity reform

Jordan must address high unemployment to deliver durable, jobs-rich and inclusive growth, said IMF Managing Director Kristalina Georgieva. The country also needs to advance electricity sector reforms, boost business competitiveness, and strengthen governance and transparency, she added. Georgieva said that timely and targeted fiscal measures have helped protect jobs, while …

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UAE, Japan in anti-carbon, pro-hydrogen bid

The UAE and Japan have signed an initial agreement to explore opportunities in developing hydrogen. The Emirates’ energy and infrastructure minister, Suhail Al-Mazrouei, signed the deal with Japan’s economy minister, Ejima Kiyoshi at a virtual event on Friday. “This agreement pursues the cooperation to exchange information related to hydrogen production, …

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Iran Natanz electrical incident turns nuclear

A problem with the electrical distribution grid of Iran’s Natanz nuclear facility caused an incident at the site on Sunday, Iranian Press TV reported, a day after Tehran launched new advanced uranium enrichment centrifuges at the site. The Natanz facility, which is located in the desert in the central province …

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7 new solar projects opened in Saudi

Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday. The crown prince also said agreements have been signed for seven new solar power projects across the country. The projects as part of a push towards renewable energy under the Kingdom’s Vision …

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US finally resumes aid to Palestinians to the tune of $235 million

The Biden administration announced on Wednesday it would provide $235 million in U.S. aid to the Palestinians, restarting funding for the United Nations agency supporting refugees and restoring other assistance cut off by then-President Donald Trump.in U.S. aid to the Palestinians, The package, including humanitarian, economic and development assistance, was …

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