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European Lithium signs binding term sheet with Obeikan for hydroxide plant in Saudi Arabia

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Australia-based European Lithium Limited signed a binding term sheet for the joint development and operation of a lithium hydroxide processing plant in Saudi Arabia with Obeikan Group to convert lithium concentrate into lithium hydroxide.

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Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

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The US shale oil industry faces an implacable foe in the current crisis: Saudi Arabia. Saudi Arabia is uniquely positioned to withstand low oil prices given that inside sources say the country has nearly $800 billion in reserves to weather the storm. Source: [link].

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Saudi Policy: OPEC-centric or Self-Serving?

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Global geothermal industry passes 12,000 MW operational

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New project announcements have increased the resource under development to about 30,000 MW. In 2013, new geothermal geologic studies or exploration moved forward in places as diverse as American Samoa, Argentina, Armenia, Australia, Azerbaijan, El Salvador, Ethiopia, Indonesia, Japan, Malaysia, Rwanda, Saudi Arabia, St.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. Wary of U.S. Wary of U.S.

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Repsol and Alliance Oil to form an exploration and production JV in Russia

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Russia was the largest producer of crude oil in 2009, surpassing Saudi Arabia.). Alliance Oil will hold a 51% stake in the joint venture and contribute producing assets in Volga-Urals Region while Repsol will own the remaining 49% and make an initial cash investment to finance future growth opportunities. Repsol also owns a 74.9%

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60