Petroleum
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Economy
Physical Oil Prices Surpass $130 as Hormuz Flows Plunge
DID Press: Physical crude oil prices have risen above $130 per barrel as disruptions to tanker traffic and sharply reduced oil flows through the Strait of Hormuz continue to put pressure on global energy markets. Recent market reports indicate that…
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Afghanistan
Saudi Company Signs Oil and Gas Deal with Taliban; Khalilzad Attends Ceremony
DID Press: Taliban administration has signed a contract with Saudi company Delta International for the exploration and extraction of oil and gas in the Kashk–Tirpul basin in western Afghanistan. The agreement also covers the use of natural gas in Herat…
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Economy & Development
Pakistan Approves $3.5 Billion Chinese-Funded Oil Refinery
DID Press: Pakistan’s Ministry of Planning and Development has approved the construction of a major oil refinery in the Dhabeji area near Karachi, backed by $3.5 billion in Chinese investment. The project will be developed under the China-Pakistan Economic Corridor…
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Afghanistan
$30 Million Oil Refinery Begins Operations in Afghanistan’s Sar-e Pul
DID Press: An oil refinery with an investment of $30 million has begun operations in Afghanistan’s northern Sar-e Pul province, with a daily processing capacity of 600 tonnes of crude oil. Officials at the refinery said the required crude oil…
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