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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said. “The

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Petrobras Signs MoU with Turkish National Oil Company On Black Sea Deepwater Drilling

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Brazil’s Petrobras signed a Memorandum of Understanding with the Turkish Petroleum Corporation (TPAO) with the aim to expand deep-water exploration research in the Black Sea region of Turkey. At the end of December 2009, Petrobras announced the arrival of the Leiv Eiriksson drilling rig to Turkey this Thursday.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.

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Tüpra? and Honeywell sign licensing agreement for the use of Honeywell UOP Ecofining technology; renewable diesel and SAF

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will license Honeywell UOP Ecofining technology to produce biofuels from feedstocks such as used cooking oil and waste animal fat at their refinery in Izmir, Türkiye. This makes it the 7 th largest in Europe, operating four oil refineries with a total of 30 million tons of annual crude oil processing capacity.

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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8

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Volkswagen Group opts for LNG-fueled car carriers

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The two LNG ships will replace two of nine conventional freighters in the Siem fleet powered by heavy fuel oil from 2019 onwards. Since the end of 2015, material from Turkey for the Autoeuropa plant in Portugal has been shipped from Izmir to Lisbon by sea. At the same time, the cost to the company is reduced.

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Mahindra Showcased Hydrogen-Powered 3-Wheeler at World Hydrogen Technologies Convention 2009

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Mahindra, along with other partners, recently signed an MOU with UNDIO (United Nations Industrial Development Organization) India and ICHET (International Centre for Hydrogen Energy and Technology) Turkey to carry out a 15 Hy-Alfa Demo project next year at Pragati Maidan in New Delhi.

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