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South Korea credit agency pledges to help firms snare Iran business

SEOUL, July 16 (Reuters) - South Korea's export credit agency pledged on Thursday to provide financial support to Korean firms trying to secure business in Iran, as industrial countries jockey to enter the market after the nuclear deal.

Kinder Morgan buys Shell’s share in Elba Liquefaction

Kinder Morgan is consolidating its ownership of Elba Liquefaction Company (ELC) in the US with the acquisition of Royal Dutch Shell’s share.

UPDATE 1-Rotterdam port and Russian investor cancel oil terminal plan

AMSTERDAM, July 16 (Reuters) - Rotterdam, Europe's largest port, said on Thursday that plans to build a Russian-backed 3 million cubic metre oil storage terminal had been cancelled after its Russian partner raised concerns over the project's feasibility.

UPDATE 3-Oil prices steady as stock draw balances supply

* Coming up: U.S.

"Peak coal" by 2020 could save China thousands of lives - study

BEIJING, July 16 (Reuters) - Bringing coal use to a peak by 2020 could save China billions of dollars in environmental costs, slash water consumption by nearly 30 percent and prevent tens of thousands of deaths from coal-related illnesses, a study released on Thursday said.

Dragon Oil's largest shareholder ENOC says no to dividend payment

July 16 (Reuters) - Oil producer Dragon Oil's largest shareholder Emirates National Oil Co Ltd (ENOC) said it would no longer support payment of dividend to shareholders, stepping up the pressure in its bid to take over the company.

Saudi Arabia triggers potential fuel price war by flooding market with diesel

* Saudi exports more diesel end-July as peak Mideast demand over

UPDATE 1-Mining company Anglo American plans up to $4 bln first-half writeoff

LONDON, July 16 (Reuters) - Global mining company Anglo American expects to take a writeoff of between $3 billion and $4 billion in its first-half results because of the slide in prices for iron ore and coal, it said on Thursday.

Asian petchem makers earning near record margins as projects delayed

SEOUL/SINGAPORE, July 16 (Reuters) - Asian petrochemical makers are earning near record margins for turning naphtha into ethylene this year as low oil prices cut feedstock costs at the same time that delayed or cancelled projects keep the market undersupplied.

UPDATE 1-Exiled govt ministers return to Yemen's Aden - officials

ADEN, July 16 (Reuters) - Several ministers and top intelligence officials touched down in Yemen's war-torn southern city of Aden on Thursday, Yemeni officials said, in the first visit by the exiled government based in Saudi Arabia in more than three months of war.

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