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Britain joins major trade alliance

Britain on Sunday 16 July 2023 formally signed the treaty to join a major trans-Pacific trade pact, becoming the first new country to take part since its inception in 2018 and opening the way for members to consider other applications including from

Not enough lithium for EVs

Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s aggressive electrification timelines. Once a niche metal used primarily in ceramics and pharmaceuticals,

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Green light for Gaza Marine

Late in the evening of Sunday June 18, 2023, the Israeli government announced that it is initially positive to begin the exploitation of the Gaza Marine natural gas field, located offshore, about 30 km off the Gaza Strip. As a precondition, the

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State of affairs in Kazakhstan’s oil industry

Kazakhstan’s Energy Minister Almasadam Satkaliyev is pressing ahead with $16.5 billion in claims against international oil companies over disputed project costs. The new claims are the latest in a string of disputes and settlements in recent years which saw international firms cede

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Indonesia: Aid funds help separatists

By Kate Lamb and Ananda Teresia A Reuters Story The “Dana Desa” village fund introduced by President Joko Widodo in 2015 and valued at $4.7 billion this year has long been criticised as prone to corruption. Nowhere is the oversight of the

OPEC+: Determined to keep prices high

OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, according to Reuters as oil prices fell towards $70 per barrel and market analysts spoke of a new supply glut. OPEC+, which

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EU, Algeria to collaborate on renewable energy

The European Union announced plans to partner with Algeria in developing renewable energy projects in an effort by the EU to reduce its dependence on fossil fuels and address climate change. According to Josep Borrell, the EU high representative for foreign affairs