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Iraq has signed a preliminary agreement with Turkmenistan to import gas for energy production purposes, oil ministry said on Thursday. “The Iraqi government is committed to amplifying avenues of collaboration with our friendly nations, notably including Turkmenistan,” Deputy Minister of Oil for Gas Affairs, Azat Saber, told Shafaq News Agency, …

Tie-backs to existing oil sands facilities or expansion of operational sites by some of the biggest Canadian oil firms are expected to boost Canada’s crude oil production by 8% by 2025, analysts have told Reuters. Analysts at RBN Energy see Canadian crude oil production rising by 175,000 barrels per day …

Saudi Aramco looks to further bolster its downstream presence in the world’s top crude oil importer, China, the oil giant’s Downstream President, Mohammed Al Qahtani, has said. “China is strategically important to our business growth in Asia and worldwide, and we will remain a reliable source of long-term oil supply,” …

The U.S. Department of Commerce recently decided to enforce preliminary anti-dumping duties on imports of tin mill and tin plate steel from China at a duty rate of 122.5%. As this is the highest preliminary rate, the move provoked severe criticism from trade analysts and experts across China. This tariff …

There is a moderate decline in global oil prices on Thursday morning, Trend reports. Investors’ attention is focused on news related to possible oil supplies from Venezuela in light of ongoing negotiations on easing sanctions measures. The price of October Brent crude futures was slightly down 0.25 percent at $83 …

The tsunami-wrecked Fukushima Daiichi nuclear power plant’s operator says it began releasing its first batch of treated radioactive water into the Pacific Ocean on Thursday — a controversial step that prompted China to ban seafood from Japan. In a live video from a control room at the plant, Tokyo Electric …

Namibia could see an oil boom thanks to several major discoveries that suggest there could be more oil yet to come. An influx of foreign investment has helped Namibia to begin exploring its oil and gas potential, and it looks like it may be quickly paying off with several new …

Oil fell for a third day as a hastening downturn in the euro area added to wider worries about economic growth in top importer China. West Texas Intermediate futures for October fell toward US$79 a barrel. The contraction in euro-area private sector activity intensified in August, while manufacturing remained in …

From August 22nd to 24th, BRICS leaders are set to convene in South Africa, marking a pivotal moment for this loosely knit coalition of major non-Western nations including Brazil, Russia, India, China, and South Africa. The conference aims not only to strengthen cooperation but to forge a robust international alliance …

Norway’s energy major Equinor is today launching the world’s largest floating wind power installation, with 88 MW of capacity. The Hywind Tampen installation, offshore Norway, will supply electricity to oil and gas platforms in the area, Reuters notes in a report on the news. According to Equinor, the wind park …