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Indian reforms aim to unlock $40 bln of oil and gas output

NEW DELHI/MUMBAI, March 10 (Reuters) - India said on Thursday it hoped to unlock gas and oil resources worth almost $40 billion by simplifying licensing rules and offering price incentives to recover gas from difficult offshore fields.

Algeria in talks with China over iron mining project

ALGIERS, March 10 (Reuters) - Algeria is in talks with China to exploit one of the North African country's largest mining deposits as the OPEC member tries to diversify its economy away from oil and gas, an industry and mines ministry official said on Thursday.

Shrinking oil reserves crimp Iraqi Kurdistan's allure

* Kurdistan region already facing political, security turmoil

New Islamic State leader in Libya says group "stronger every day"

TRIPOLI, March 10 (Reuters) - A senior Islamic State militant has said in an interview identifying him as the new leader of the jihadists' Libyan offshoot that the extremist organisation is getting "stronger every day" in the north African country.

U.S., Canada agree methane emissions cut to fight climate change

WASHINGTON, March 10 (Reuters) - The United States and Canada have agreed joint steps to fight climate change, including cutting methane emissions from the oil and gas industry and signing the Paris climate deal "as soon as feasible," the White House said on Thursday.

Russia's Novatek to launch 1st Yamal LNG train with no additional financing

MOSCOW, March 10 (Reuters) - Russia's Novatek plans to launch its first train with 5.5 million tonnes of annual LNG capacity in Yamal in 2017, and this will require no additional financing, Stanislav Shevkunov, a department head at Novatek, told reporters on Thursday.

UPDATE 1-Strike at Nigeria state oil firm suspended after talks - NNPC

LAGOS, March 10 (Reuters) - A strike at Nigeria's state oil producer has been suspended after talks between trade unions and the company's head, who is also the minister of state for petroleum, the Nigerian National Petroleum Corp (NNPC) and union leaders said on Thursday.

Producers sell off future output, wary of recent oil price jump

SINGAPORE, March 10 (Reuters) - Producers have been locking in recent gains across the crude futures price structure, selling forward contracts and potentially undermining further recovery because they do not trust a jump in front-month oil since January.

No talks on Iranian missile tests between Zarif, Kerry - ISNA

ANKARA, March 10 (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif and his U.S.

UPDATE 2-Kazakhstan balks at freezing oil output

ASTANA, March 10 (Reuters) - Kazakhstan indicated on Thursday it had no plan to freeze oil output, as suggested by a group of major producers, and would instead ramp up production to its original target of 77 million tonnes per year if the oil price stayed above $40 a barrel.

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