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Iran to Sign Six New Oil Deals Soon

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Iran is expected to sign six new oil MoUs in the near future, Gholam Reza Manouchehri, an official with the National Iranian Oil Company (NIOC), said. Manouchehri said that under the newly developed model Iran Petroleum Contract (IPC) foreign companies can use Iranian partners in the projects, SHANA news agency …

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Azerbaijan Removes Taxes on Transshipment of Transit Goods

Azerbaijan Removes Taxes on Transshipment of Transit Goods

Azerbaijan’s President Ilham Aliyev has signed a decree on application of the “Law on Amending Tax Code of Azerbaijan” adopted by the country’s parliament September 30. The amendments stipulate removing the value added tax (VAT) for the goods transshipment services directly related to transit cargo transportation. The VAT rate in Azerbaijan …

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In Marlboro Country, a Big-Money Race for the New Smoke

You want a trip to Philip Morris International Inc. to feel like a visit to Marlboro Country. But the company’s Swiss research center, aka the Cube, just won’t play along. Perched above crystalline Lake Neuchatel, southwest of Zurich, the glass hexahedron holds secrets to a future when, Philip Morris says, …

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Stronger Collaboration For Greater Energy Access in Asia Pacific

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The emergence of new ideas, technological advancements and innovative market-driven financing solutions has lent confidence to the idea that universal access to energy services is attainable. This is particularly good news in the Asia and the Pacific region, where, despite making significant contributions to global growth and poverty reduction since …

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New Zimbabwe Notes Stir Memory of 500,000,000,000% Inflation

Zimbabwe’s tentative return to its own currency is getting a hostile reception from citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation before it abandoned its dollar seven years ago. The country will soon introduce so-called bond notes, pegged to parity with …

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Malala Yousafzai Wants To Become The Prime Minister Of Pakistan

Malala Yousafzai Wants To Become The Prime Minister Of Pakistan

Malala Yousafzai may only be 19 years old, but she’s already accomplished more than most people aspire to in a lifetime. In addition to being a staunch advocate for girls’ education rights around the globe, the Pakistani native is the youngest person to ever win a Nobel Peace Prize and …

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IMF: Any Further Oil Price Recovery Expected to be Limited

IMF: Any Further Oil Price Recovery Expected to be Limited

The slump in oil prices and ongoing conflicts continue to weigh on MENAP’s (Middle East, North Africa, Afghanistan and Pakistan) economic outlook, the International Monetary Fund (IMF) said in its Regional Economic Outlook. Uncertainties arising from conflicts in Iraq, Libya, Syria, and Yemen are weakening confidence and lower oil prices …

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SOCAR May Put Up Joint Ventures’ Shares for Sale

SOCAR May Put Up Joint Ventures’ Shares for Sale

Azerbaijan’s state oil company SOCAR may put up for sale the shares of a number of its joint ventures, said SOCAR President Rovnag Abdullayev. He made the remarks Oct. 18 at a press conference dedicated to the beginning of the sale of bonds in the secondary market of Baku Stock …

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Southern Gas Corridor Remains Priority for EU

Southern Gas Corridor Remains Priority for EU

The European Union’s policy towards the Southern Gas Corridor (SGC) project remains unchanged, the European Commission press service told Trend commenting on the SGC project’s importance as compared to the Turkish Stream project. The SGC project is still a priority for the EU’s diversification and energy security strategy, the European …

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