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Solar Partnership Flip – Alive and Well in 2016: Part I

Stray reports since last summer that partnership flips are not permitted under the Internal Revenue Code in solar transactions have confused some developers and investors. As it turns out, the reports of the partnership flip’s demise for solar transactions are “greatly exaggerated.”

Could UAE solar push lead a trend for the Gulf?

DUBAI, May 23 (Thomson Reuters Foundation) - As the Gulf
states take steps to expand their use of clean energy, a bold
plan by the United Arab Emirates to boost its use of renewable
electricity from less than 1 percent to 24 percent in the next
five years could be a game-changer for the region, experts say.

India to boost Iran port project, links to Afghanistan

BEIRUT, May 23 (Reuters) - Indian Prime Minister Narendra
Modi on Monday pledged up to $500 million to develop the
southern Iran port of Chabahar, in a move to give his country
trade access to Iran, Afghanistan and central Asia.

REFILE-Union workers vote to shut down Total's Grandpuits refinery -union official

PARIS, May 23 (Reuters) - Union members at Total
101,000 barrels-per-day Grandpuits refinery have voted on Monday
to shut down production as part of an ongoing protest over
labour reform laws, an FO union official told Reuters.

General Atlantic to acquire majority stake in Argus Media

LONDON, May 23 (Reuters) - U.S. investment firm General
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion pounds ($1.45 billion).

Ex-treasurer of Brazilian coalition party arrested in graft probe

BRASILIA, May 23 (Reuters) - Brazilian federal police on
Monday arrested a former treasurer of one of the parties in the
country's ruling coalition as part of a wide-ranging graft probe
centered on state-run oil company Petrobras, prosecutors said.

UPDATE 1-Czech unions join investors to bid for insolvent NWR arm

PRAGUE, May 23 (Reuters) - Czech miners' unions have teamed
up with lignite mine owner Pavel Tykac and another investor to
make on offer for New World Resources'
insolvent mining subsidiary OKD, the unions said on Monday.

Chinese investors to build industrial park at Oman's Duqm port

MUSCAT, May 23 (Reuters) - A group of Chinese investors have
signed an agreement to build an industrial park at Oman's
southern port of Duqm in a project that could attract billions
of dollars of investment, government and company officials said
on Monday.

Fed's Bullard: U.S. labour market is strong despite low participation

BEIJING, May 23 (Reuters) - The U.S. labour market is
cyclically strong, despite low participation, St. Louis Federal
Reserve President James Bullard said on Monday.

Oil discoveries sink to lowest since 1952 -Morgan Stanley

LONDON, May 23 (Reuters) - Oil discoveries in 2015 fell to
their lowest since 1952 as energy companies slashed exploration
budgets in the wake of the oil price fall, creating a gap for
meeting future demand, analysts at Morgan Stanley said on
Monday.

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