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Iran's President Hassan Rouhani gestures at the conclusion of his press conference, in Tehran, Iran, Sunday, Jan. 17, 2016. The implementation of a historic nuclear deal with world powers is expected to pave the way for a new economic reality in Iran, now freed from harsh international sanctions. On Sunday Rouhani presented parliament with a draft budget that plans for an economic windfall even as it reduces reliance on oil revenues. (AP Photo/Ebrahim Noroozi)

Iran signs flurry of business deals as leader visits Europe

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Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that could be used for military or intelligence purposes.
(Bob Owen/San Antonio Express News)

Solar power hits the brakes amid incentive cuts in Asia, Europe

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As more countries begin to implement plans to reach climate goals agreed to in Paris last year, the global solar industry will again accelerate to about 20 percent annual growth over the next few years.
Pipes are wrapped in thick insulation at the first production facility, called a liquefaction train, at Cheniere Energy's Sabine Pass LNG export terminal in Cameron Parish, Louisiana.

American LNG exporters turn to Europe as Asian demand sputters

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European gas production is down and countries there want to get more of the heating and power plant fuel from places other than Russia – a major supplier, but one that’s brought plenty of headaches.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut budget by 25 percent next year

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The Houston driller announced its new $7.7 billion annual budget announced a day after larger rival Chevron Corp. said it would trim spending by 24 percent next year.
(AP Photo/Hasan Jamali, File)

IEA: Iran return will intensify Europe oil-price competition

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Europe will be the battleground between producers of sour crude grades, including Russia, Iraq, Saudi Arabia and Iran, as the Asian market becomes more “crowded,” the Paris-based IEA said in its monthly report.
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Russia’s oil rivalry with Saudis masks bigger Iranian threat

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Iranian shipments to Europe came to about 600,000 barrels a day, or 17 percent of its production, before sanctions blocked imports in 2012.
Source: tap-ag.com, Trans Adriatic Pipeline.

Commentary: Southern Gas Corridor can boost regional stability

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Georgios Papanikolaou is the Consul of Greece to Houston; Elena Sgarbi is the Consul General of Italy to Houston; and Ferhat Alkan is the Consul General of the Republic of Turkey to Houston.
(Matthew Lloyd/Bloomberg)

BP plans to start natural gas output from Egypt’s atoll in 2018

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Royal Dutch Shell Plc, Europe’s biggest energy company, and BP are struggling to increase oil and gas production and add to their reserves.
LyondellBasell CEO Bob Patel left, and plant manager Todd Monette right, walk through the Olefins Plant of LyondellBasell Chemical Company during a tour Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

Low oil prices cut into LyondellBasell income

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While North American profit margins are not as strong as they were last year, the petrochemical boom along the Gulf Coast is still moving forward.
(AP Photo/Scanpix, Statoil)

Monster gas field revival sets Norway up for output record

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Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited the capacity for the country’s biggest field.