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Oil & Energy

“Italy is defaulting on nuclear waste” says EU Court
UnipolSai bets on renewables

UnipolSai bets on renewables

Bologna - Italian insurance group Unipol increases its commitment on the renewable energy sector and creates Unipolsai Energia, it is announced from company’s headquarter. Up to 2018, Unipol has invested 326 million euros in funds and investments to implement the UN 2030 agenda for sustainable development

Fimer acquires ABB solar activities

Fimer acquires ABB solar activities

Milan - Fimer, a company active in the market of inverters for renewable energy for «utility steps», has signed an agreement with ABB for the acquisition of the solar inverter business of the Swedish-Swedish multinational group

China to ease limits on foreign investment

China to ease limits on foreign investment

Beijing - China is reforming key industries to allow for greater foreign investment, according to state media. Xinhua reported the National Development and Reform Commission of the People’s Republic of China said Sunday sectors including oil exploration and mining are to be deregulated for more foreign capital inflows

New Saudi ships to be built in South Korea

New Saudi ships to be built in South Korea

Seoul - Saudi Arabian tanker giant Bahri is set to order very large crude oil carriers (VLCCs) from a large-scale shipyard being developed in the King Salman Complex by International Maritime Industries (IMI) at Ras Al-Khair, with the vessels being built at the dockyard of Hyundai Heavy Industries (HHI) in South Korea

Iraqi oil minister expects 6-9 months OPEC output deal extension
Philadelphia Energy Solutions seeks to permanently shut oil refinery
IEA concerned about Middle East tensions, stands ready to act

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