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France's Total to go ahead with major Iran gas project: CEO
Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal.
Saudis fully own US's biggest oil refinery
Saudi Aramco has become a 100-percent owner of Port Arthur, an oil refinery in Texas. Port Arthur has a capacity of 600,000 barrels per day, making it the biggest in North America.
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Contract signed to build Nord Stream 2 pipeline
Nord Stream 2 AG has signed contracts with Engie, OMV, Royal Dutch Shell, Uniper and Wintershall on the financing of the Nord Stream 2 gas pipeline.
The companies will provide half of the project cost of EUR 9.5 billion, TASS has reported, quoting Gazprom.
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Contract signed to finance Nord Stream 2 pipeline
Nord Stream 2 AG has signed contracts with Engie, OMV, Royal Dutch Shell, Uniper and Wintershall on the financing of the Nord Stream 2 gas pipeline.
The companies will provide half of the project cost of EUR 9.5 billion, TASS has reported, quoting Gazprom.
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Genel Energy appoints Stephen Whyte to succeed former BP boss Hayward
Genel Energy, the Iraqi Kurdistan-focused oil producer co-founded by former BP boss Tony Hayward, on April 24 named Stephen Whyte to succeed the retiring Hayward in June.
Whyte, who has over 30 years of experience at Royal Dutch Shell, BG Group and Portugal's Galp Energia, will join the board as non-executive director and chairman designate with immediate effect, Genel said.
Iran says US sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran's deputy oil minister said on Feb. 6.
Hellenic Petroleum accused of cartel practices in Bulgaria
Bulgaria's anti-monopoly commission has "convincing evidence" that six oil companies operating in the Balkan country's retail fuel market were involved in cartel agreements on fuel prices, the watchdog's chief said on Thursday.
World Energy Congress starts in Istanbul
The 23rd World Energy Congress 2016, which will bring together more than 10,000 participants from 85 countries, including 250 ministers and top decision-makers in energy, started in Istanbul on Oct. 9.
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Turkish company eyes energy investments in Iran
Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables following the lifting of most sanctions against the Islamic Republic, its chief executive said on May 3.
"We believe we definitely must be in Iran," Batu Aksoy told reporters.
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Iraq to pay $2 bln in arrears to foreign companies: Deputy Minister
Iraq will pay foreign oil companies about $2 billion in remaining arrears for 2015 this April and expects to reach an agreement over contracts by half-way through the year, the deputy oil minister said.