The search for the builder for the 1300km pipeline running from Uganda
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MAI
MAI
An Israeli oil company, the Eilat Ashkelon Pipeline Company, has been ordered to pay $1.1 billion in compensation to Iran by a Swiss court, the official Iranian news agency IRNA reported on Wednesday. In response, Israel clarified that it will not pay the debt to the Iranians. « Without referring to the matter at hand, we’ll note that according to the Trading with the Enemy Act it is forbidden to transfer money to the enemy, including the Iranian national oil ...
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MAI
MAI
China has signed a deal with Pakistan to construct a pipeline to take Iran
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MAI
MAI
China has replaced the heads of its three biggest energy companies, the firms said in separate statements, as speculation mounts over reforms to the oil industry. China’s Communist Party controls the management of the country’s major state-owned enterprises with power to shuffle their heads at will. Industry giant China National Petroleum Corp (CNPC) said in a statement that chairman Zhou Jiping had stepped down due to age, to be replaced by Wang Yilin, previously head of offshore oil ...
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MAI
MAI
US oil delegation will be visiting Iran this week to review energy investment opportunities,
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MAI
MAI
A $1.15-billion benefits’ package is being offered to a First Nation on British Columbia’s northwest coast in a bid to win support for a proposed liquefied-natural-gas terminal and pipeline. Details of the offer to the Lax Kw’alaams from the provincial government and project owners, including Malaysia’s Petronas, were published on the band’s website. The deal is not the only one being pursued with aboriginals in advance of regulatory approval. One week ago, TransCanada (TSX:TRP), the company that ...
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4
MAI
MAI
BP will raise $486 million selling its stake in a natural-gas transportation system in the U.K. North Sea. BP owns about 36 percent of CATS and is the operator. The London-based company, shoring up its balance sheet after the Gulf of Mexico oil spill in 2010, follows Chevron Corp. and Royal Dutch Shell in selling non-drilling infrastructure to raise funds. It has offloaded more than $4 billion of assets in a $10 billion sale program planned for 2014 and ...
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AVR
AVR