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In Babylon, sugar refinery gives hope at the darkest of times

Claudiu Covrig reflects upon his visit to the new Etihad sugar refinery in Iraq and what it means for the country's future.

Hydraulic fracturing accounts for about half of current U.S. crude oil production

(Tue, 15 Mar 2016) Even though hydraulic fracturing has been in use for more than six decades, it has only recently been used to produce a significant portion of crude oil in the United States. This technique, often used in combination with horizontal drilling, has allowed the United States to increase its oil production faster than at any time in its history.

Australia shares weighed by oil, iron ore, NZ stocks shine again

SYDNEY/WELLINGTON, March 15 (Reuters) - Australian shares dropped 1.3 percent on Tuesday, as recent weakness in oil and iron ore prices took a heavy toll on the resources sector, in contrast to New Zealand where stocks scaled a record peak.

UPDATE 1-Oil prices fall as oversupply concerns mount again

* Iran shows little interest in freezing output (Adds comment, updates prices)

Obama concerned about Venezuela's struggling economy

WASHINGTON, March 14 (Reuters) - U.S. President Barack Obama, in an interview that aired on Monday, voiced concern about the struggling Venezuelan economy and said he did not want to see the country fail despite the tense relations between Washington and Caracas.

UPDATE 1-Brazil's largest party closer to backing impeachment after protests

BRASILIA, March 14 (Reuters) - Record protests against President Dilma Rousseff have all but guaranteed her impeachment by pushing hesitant lawmakers from Brazil's biggest party to favor her ouster, party sources said on Monday.

UPDATE 1-Suspected militants stage attack near key oil field in eastern Libya - guard

BENGHAZI, March 15 (Reuters) - Suspected Islamic State militants staged an attack on a power and water plant about 80km (50 miles) from the major Sarir oil field in eastern Libya late on Monday, an oil facilities guard said.

UPDATE 1-S.Korea's Feb Iran crude oil imports surge over 90 pct y/y

* Iran crude imports in Feb at 1,064,337 T, up 91 pct y/y -customs

SOCAR selects Honeywell UOP technology to upgrade Heydar Aliyev refinery

The State Oil Company of Azerbaijan Republic (SOCAR) will use a suite of Honeywell UOP technologies to modernize its oil refinery in Baku, Azerbaijan, to produce high-quality gasoline that meets stricter emission standards.

Suspected militants stage attack near key oil field in eastern Libya - guard

BENGHAZI, March 15 (Reuters) - Suspected militants staged an attack on a power and water plant about 80km (50 miles) from the major Sarir oil field in eastern Libya late on Monday, an oil facilities guard said.

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