Saturday 23 November 2024
 
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oil development

Iran to award key oil projects to CNPC, Sinopec

Iran plans to award the development of two of its major oilfields to Chinese companies, an official of National Iranian Oil Company (NIOC) was quoted as saying in an Iran Daily report. China's CNPC and Sinopec will be

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US spill may be 'game changer' for oil: IEA

The Gulf of Mexico oil spill is a potential "game changer" for oil supply, which could restrict future subsea oil development and limit supply, the International Energy Agency said on Thursday. The disaster at the Deepwater Horizon drillin

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