Energy Update

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* Low interest rate seen as positive for TAQA (Adds detail, context)

LAUNCESTON, Australia, Aug 12 (Reuters) - The only thing that's completely predictable about carbon emissions policies is that nobody will be satisfied.

* Refining margins expected to fall in second half (Recasts, adds CEO comments)

* Unilever drops 3.7 pct (Adds movers, detail, updates prices)

* H1 profit falls 13 pct, dragged lower by plants (Recasts, adds fresh CEO comment, details on nuclear)

* Oil could be released from floating storage soon (Adds detail, comment; paragraphs 5, 10-12)

BOSTON, Aug 12 (Reuters) - Pope Francis heartened environmentalists around the world in June when he urged immediate action to save the planet from the effects of climate change, declaring that the use of "highly polluting fossil fuels needs to be progressively replaced without delay."

* Shares down 1.2 percent (Adds details on industrial unit, charges, analyst comment, shares)

LONDON, Aug 12 (Reuters) - Iran could raise its oil output by as much as 730,000 barrels per day (bpd) from current levels fairly quickly after sanctions are removed, the International Energy Agency said on Wednesday.

* Refinery runs up 4.3 pct y/y in July to 10.25 mln bpd (Updates with new IEA estimate of 2015 China oil demand)

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