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Iran: France urges Europe to impose oil embargo on Iran
French Foreign Minister Alain Juppé (pictured) has urged European countries to agree to an oil embargo on Iran by the end of January, saying he has “no doubt” Tehran is pursuing the development of nuclear arms.
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Japan, India agree to boost maritime security cooperation
Japanese Prime Minister Yoshihiko Noda and his Indian counterpart Manmohan Singh on Wednesday signed a joint statement enhancing cooperation in maritime security activities in the Indian Ocean.
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Russia eyes return to Libyan energy sector
With Libyan oil production returning to pre-war levels, Russian energy companies might be well positioned to work with the new government, an analyst said.
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Gazprom to press on with South Stream regardless of Ukraine option
Russia's gas export monopoly Gazprom will not abandon its plans to implement the South Stream gas pipeline project, even if it reaches agreement with Ukraine on operating its gas transportation system, Gazprom export head Alexander Medvedev said on Wednesday.
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Iran's Caspian oil swap to hit 500,000 barrels
Iran would swap 500,000 barrels of crude oil per day with Caspian Sea littoral states.
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Afghanistan signs first major oil deal with China
Afghanistan on Wednesday signed an oil deal with China which could earn the war-torn country $7 billion over 25 years.
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India and Japan to hold nuclear talks
India and Japan on Wednesday will discuss the prospects of reviving civil nuclear cooperation negotiations and may sign a currency swap pact that could help stem the rupee’s slide.
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China begins scramble for Afghanistan's oil reserves
China began the scramble for Afghanistan's untapped oil reserves yesterday by announcing an exploration contract with Kabul – the first such international agreement in decades.
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