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Turkey defies NATO with more East Med exploration

Turkey’s seismic exploration vessel Oruc Reis returned to port on Monday from disputed Mediterranean waters, less than two weeks before a European Union summit where the bloc will evaluate possible sanctions against Ankara. NATO members Turkey and Greece have conflicting claims to continental shelves and rights to potential energy resources …

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ADNOC hits unconventional oil bonanza

An onshore unconventional oil source with 22 billion recoverable barrels has been discovered, the Abu Dhabi National Oil Company (ADNOC) has announced. The discovery of new oil sources “is a testament to ADNOC’s relentless efforts to unlock and maximize value from the UAE’s hydrocarbon reserves for the benefit of the …

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Saudi Arabia behind IAEA moves against Iran

Saudi Arabia called on the UN atomic watchdog agency to continue exposing Iran’s nuclear activities on Wednesday. The International Atomic Energy Agency (IAEA) should also intensify searches within the Islamic Republic to uncover sites that it may use to conduct undisclosed nuclear activities, the Kingdom’s governor to the agency, Prince …

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US imposes latest wave of sanction on Iranian oil

The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move to increase pressure on Tehran. The U.S. Treasury Department in a statement said it was slapping sanctions on key actors in Iran’s oil sector for …

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US joins EU in condemning Turkey in East Med

The United States on Tuesday slammed Turkey’s renewed push to send a vessel to carry out seismic surveys in the eastern Mediterranean, accusing Ankara of unilaterally stoking tensions and “deliberately” complicating the resumption of talks with Greece. “The United States deplores Turkey’s October 11 announcement of renewed Turkish survey activity …

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Maritime talks begin between Israel, Lebanon

Lebanon and Israel, formally still at war after decades of conflict, launch talks on Wednesday to address a long-running dispute over their maritime border running through potentially gas-rich Mediterranean waters. The U.S.-mediated talks follow three years of intense diplomacy by Washington and were announced less than a month after the …

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IAEA admits Iran not capable of nuclear bomb

Iran does not at this stage have enough enriched uranium to make one nuclear bomb under the U.N. atomic watchdog’s official definition, the agency’s head told an Austrian paper. “The Iranians continue to enrich uranium, and to a much higher degree than they have committed themselves to. And this amount …

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US renews Iraq waiver to import energy from Iran

The United States said on Thursday it had renewed a waiver for Iraq to import Iranian electricity, this time for 60 days to enable Baghdad to take “meaningful actions” to reduce its energy dependence on neighbouring Tehran. The waiver will continue to exempt Iraq from U.S. sanctions reimposed on Iran, …

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NATO mediating Greece, Turkey East Med dispute

Greece and Turkey have agreed to talks to avoid accidental clashes in the Eastern Mediterranean, NATO Secretary-General Jens Stoltenberg said on Thursday, part of efforts to defuse the worsening dispute over energy resources in the region. Germany is also leading a diplomatic push for broader dialogue and German Chancellor Angela …

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Iraq wants out of OPEC export cut deal

Iraq is seeking an exemption from an OPEC+ deal curbing oil production during the first quarter of 2021 but will adhere to the cuts over the next three months, Oil Minister Ihsan Abdul Jabbar said on Wednesday. Abdul Jabbar has spoken about the exemption to OPEC oil ministers in three …

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Turkey-NATO in talks as Macron sets red lines over East Med

President Tayyip Erdogan spoke with NATO Secretary-General Jens Stoltenberg about developments in the eastern Mediterranean and told him Turkey will continue to protect its rights and interests everywhere, Erdogan’s office said on Friday. Earlier, the EU’s top diplomat said the European Union is preparing sanctions against Turkey that could be …

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NATO to keep Greece, Turkey dispute spinning out of control

NATO is looking at ways to avoid accidental clashes in the Eastern Mediterranean while supporting German diplomatic efforts to defuse the worsening dispute over energy resources there, the alliance’s chief said on Thursday. NATO Secretary-General Jens Stoltenberg told Reuters the Western alliance was considering so-called deconfliction measures to prevent naval …

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