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UPDATE 1-Russia's Gazprom to take Vietnam refinery stake, part of energy pact

HANOI, April 6 (Reuters) - Russia's Gazprom Neft, the oil arm of top global gas producer Gazprom, said on Monday it planned to purchase 49 percent of the operator of Vietnam's Dung Quat refinery, the country's sole oil processing facility.

UPDATE 4-Oil up more than $1 after Saudi's Asia price hike

* Fighting continues in Yemeni port city of Aden. (Changes dateline, previous SINGAPORE; updates prices; adds Aden unrest)

Refracs raise questions about further US oil production: At the Wellhead

Low oil prices present the shale industry with a problem: how to keep production up while trying to push costs down.

South Korean steel: Modest growth prospects overshadowed by China

South Korea's steelmakers are rightly apprehensive about 2015. Steel imports, largely from China, surged last year to take a 40% market share, even as local capacity and production grew, forcing a flurry of mergers and acquisitions and some financial restructuring.

EIA assesses options for processing additional U.S. light tight oil production

(Mon, 06 Apr 2015) With the growth in U.S. production of light tight oil (LTO) in recent years, petroleum refiners in the United States have been processing greater volumes of LTO. To date, increased volumes of domestic LTO have mainly been accommodated with no- and low-cost options such as reducing light crude oil imports, increasing refinery utilization rates, making incremental efficiency improvements (crude unit debottlenecking), and displacing medium crude oil imports.

Technical options for processing additional light tight oil volumes within the United States

(Mon, 06 Apr 2015) This report examines technical options for processing additional LTO volumes within the United States. Domestic processing of additional LTO would enable an increase in petroleum product exports from the United States, already the world?s largest net exporter of petroleum products. Unlike crude oil, products are not subject to export limitations or licensing requirements.

Azeri opposition holds rally as economy slows

BAKU, April 5 (Reuters) - About 1,000 Azeris held a rally on Sunday to protest against rising prices and a crackdown on human rights as economic problems mount ahead of a parliamentary election this year in the oil-producing former Soviet republic.

Framework nuclear agreement with Iran does not threaten Israel - US senator

April 5 (Reuters) - A nuclear framework agreement reached between world powers and Iran does not threaten the survival of Israel, U.S.

China to step up urbanisation along Yangtze River

BEIJING, April 5 (Reuters) - China's government released on Sunday a framework to develop sprawling urban areas along the Yangtze River as it moves forward with a decade-long ambition to turn the Chinese heartland into a major economic belt.

UPDATE 2-In growing war, Libya's PM says his government to run own oil sales

TRIPOLI, April 5 (Reuters) - Libya's Prime Minister Abdullah al-Thinni said his government would run its own oil sales and deposit revenues abroad in a bid to divert proceeds away from a rival, self-declared administration in Tripoli.

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