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New rules for olive oil in Europe
LONDON, Oct. 6 (UPI) -- Russia's giant oil company Rosneft is set to invest $18 billion to upgrade its oil refineries, the firm's president, Igor Sechin, said.
In a meeting with investors in London, Sechin said the company was prepared to complete a $25 billion modernization program, of which $7 billion had already been spent, ITAR-Tass reported Saturday.
ANSA reported that the target date for completion of the improvements is in 2016.
Investors also discussed where to target further development in oil fields outside of Russia. Venezuela was of particular interest to the company, ITAR-Tass reported.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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