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All-Brazilian heavy oil output under way
An all-Brazilian heavy oil operation is under way with every stage of the extraction, output, storage and supply reported to have been conducted with local expertise. ... more
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Lebanon's plans for gas boom falter
Lebanon's dysfunctional government desperately wants to start awarding contracts for natural gas exploration in the eastern Mediterranean and start a process that could rescue a steadily declining economy. ... more
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Iran slams new 'hostile' US sanctions on oil exports
Iran on Wednesday slammed as "hostile" new US sanctions aiming to prevent importers from buying Iranian oil using foreign currencies, saying it will seek to circumvent the measures. ... more
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Japan's Mazda swings back to profit
Japanese car giant Mazda on Wednesday said it swung back to a profit in the nine months to December as it boosted its full-year earnings forecast. ... more
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