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UPDATE 1-Saudi to launch $30-50 billion renewable energy programme soon

ABU DHABI, Jan 16 (Reuters) - Saudi Arabia will launch a
renewable energy programme in coming weeks that is expected to
involve investment of between $30 billion and $50 billion by
2023, Energy Minister Khalid al-Falih said on Monday.

MIDEAST STOCKS-Sinking banks drag down Saudi stocks, rest of region mixed

DUBAI, Jan 16 (Reuters) - A slide in banking shares after
earnings at a major bank missed analysts' estimates dragged down
Saudi Arabia's stock market on Monday, while markets in the rest
of the region were mixed.

UPDATE 2-Saudi pledges adherence to oil cut, confident others will

* Says producers unlikely to extend deal beyond six months

(Adds quotes, details)

COLUMN-Oil prices stall as hedge funds stop adding to longs: Kemp

LONDON, Jan 16 (Reuters) - Hedge fund bullishness towards
the price of crude oil appears to have peaked for the time
being, with fund managers booking some profits after the strong
rally in the final seven weeks of 2016.

UPDATE 1-India's Reliance Industries Q3 net profit up 10 pct, beats estimate

* Q3 gross refining margin $10.8 per barrel

(Adds details from press release)

UK export agency signs first loan deal in Africa for Ghana energy project

LONDON, Jan 16 (Reuters) - Britain's credit export agency,
UK Export Finance (UKEF), signed its first direct loan deal in
Africa on Monday, providing $310 million to GE Oil & Gas
to supply equipment for an oil and gas project in Ghana.

Biofuel Matchmaker: Finding The Perfect Algae for Renewable Energy

A new, approximately $6-million collaborative project is using a unique climate-simulating laboratory system as part of a new streamlined process to quickly pare down heaps of algae species into just a few that hold the most promise for renewable fuels.

RPT-COLUMN-China's crude oil juggernaut to roll on, but more slowly: Russell

LAUNCESTON, Australia, Jan 16 (Reuters) - There is little
doubt China's crude oil imports enjoyed a robust 2016, hitting a
record high. The question is how long the party can continue?

Tanzania seeks $200m World Bank loan to clear arrears of state utility

DAR ES SALAAM, Jan 16 (Reuters) - Tanzania is seeking a loan
of $200 million from the World Bank for debt-ridden state power
supplier TANESCO, the country's energy ministry said on Monday,
two weeks after the president refused to allow the utility to
hike prices to cover costs.

Saudi to launch $30-50 billion renewable energy programme soon -minister

ABU DHABI, Jan 16 (Reuters) - Saudi Arabia will launch in
coming weeks a renewable energy programme that is expected to
involve investment of between $30 billion and $50 billion by
2023, Saudi Energy Minister Khalid al-Falih said on Monday.

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