Parvin Faghfouri Azar

Saudi Plans to Study Small Nuclear Reactor Tech

Saudi Arabia said it’s interested in studying technology for small modular nuclear reactors, as the Middle East’s largest oil producer looks to diversify its energy sources and generate cleaner power for domestic use and export. The kingdom is “a late-comer” to nuclear power and aims to study all types and …

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Middle East Tension Boosts Oil Prices

Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies. Brent crude rose $3.10, or 3.67%, to $87.68 a barrel by 0400 GMT, …

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UAE Launches 103MW of Wind Power Projects

UAE-based energy company Masdar has launched four wind farms with a total capacity of 103.5MW, as part of the UAE wind programme. The project sites are Sir Bani Yas Island in Abu Dhabi with 45MW of wind capacity and a 14MW solar farm, two 27MW wind farms on Delma Island …

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Oil Prices Rise, but Post Biggest Weekly Decline since March

Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia’s fuel export ban compounded demand fears due to macroeconomic headwinds. On Friday, Brent futures settled up 51 cents at $84.58 per barrel. US West Texas Intermediate crude futures settled up …

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Putin Launches Russian Gas Shipments to Uzbekistan

Russian Vladimir Putin on Saturday announced the start of gas supplies to Uzbekistan via Kazakhstan, a boost for Russia’s industry hit by a flurry of Western sanctions over the offensive in Ukraine. Despite being home to a wealth of natural resources including gas, the Central Asian country of Uzbekistan has …

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