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DNO ASA, the Norwegian oil and gas operator, has announced the signing of a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study concerning the development of the Changuleh oilfield in western Iran

Production-capping would not protect long term future of hydrocarbon sector, says Wermuth Asset Management as wew fossil fuel projects only make sense at output costs below US$5 per barrel and the UAE likely to lead the GCC in developing solar power infrastructure

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