Energy Update

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NEW YORK/HOUSTON, Nov 30 (Reuters) - In a corner of the
prolific Bakken shale play in North Dakota, oil companies can
now pump crude at a price almost as low as that enjoyed by OPEC
giants Iran and Iraq.

AMSTERDAM, Nov 30 (Reuters) - The Dutch government on
Wednesday proposed a 33 percent increase in its budget for
renewable energy projects in 2017, as it attempts to catch up
after lagging on its 2020 emission reduction targets.

TOKYO, Nov 30 (Reuters) - Japan's trade minister on
Wednesday dismissed concerns that boosting economic ties with
Russia as part of a push for progress on a decades-old
territorial row would mainly benefit Moscow, saying any business
deals would be "win-win" for both.

TOKYO, Nov 30 (Reuters) - Japan's trade minister on
Wednesday dismissed concerns that boosting economic ties with
Russia as part of a push for progress on a decades-old
territorial row would mainly benefit Moscow, saying any business
deals would be "win-win" for both.

TBILISI, Nov 30 (Reuters) - Georgia's economic growth slowed
to 1.3 percent year-on-year in October from 3 percent in the
same month a year ago, the National Statistics Service said on
Wednesday, highlighting the impact of falling exports and a
rising current account deficit.

* Chevron does not say how long outage will last

(Adds trader comment, detail)

MINSK, Nov 30 (Reuters) - Russia and Belarus are close to
solving a dispute over gas prices, Belarussian Energy Minister
Vladimir Potupchik told reporters on Wednesday.

MINSK, Nov 30 (Reuters) - Russia and Belarus are close to
solving a dispute over gas prices, Belarussian Energy Minister
Vladimir Potupchik told reporters on Wednesday.

SYDNEY, Nov 30 (Reuters) - Australian Prime Minister Malcolm
Turnbull secured the passage of some cornerstone legislation on
Wednesday but quickly suffered an embarrassing defeat of a
government plan for a lower "backpacker tax" on work done by
young, foreign visitors.

SINGAPORE, Nov 30 (Reuters) - Indonesia's Pertamina
is seeking a new crude processing agreement for its
2017 Iraqi crude allocations as the firm's current processing
agreement with Shell expires in December.

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