Oil and Gas Refining
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*BP joins Glencore, Vitol as supplier of crude to Hellenic. *Switch to new suppliers after Iran embargo was costly. For the past year, the refiner has been reliant mostly on deliveries from trading houses Vitol and Glencore.
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BEIJING, March 21- China's crude oil imports from Iran rebounded last month from a 10- month low hit in January, official data showed, in line with an International Energy Agency report that said new U.S. sanctions appeared to have had little impact on shipments.
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PORT OF SPAIN, Trinidad, March 20- Protesting oil workers at Trinidad and Tobago's state-owned oil company Petrotrin went back to their jobs on Wednesday under a late-night court order.
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BOSTON/ WASHINGTON, March 20- A former hedge fund manager turned environmental activist who opposes the Keystone XL pipeline has waded into the Massachusetts U.S. Senate race, threatening to undermine a pledge by the two Democratic candidates to reject outside money.
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*West African crude replacing Iranian shipments to India, China. Chief Executive Herbjorn Hansson said Western sanctions on doing business with Iran had led to an increase in oil shipments from West African countries to energy-hungry China and India- longer routes that generate bigger revenues for shipping firms.
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HONG KONG, March 20- Hong Kong shares could suffer a third-straight daily loss on Wednesday as the crisis in Cyprus deepened after the island nation's parliament rejected terms of an European bailout plan.
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*Cyprus parliament rejects EU-proposed conditional bailout. NEW YORK, March 19- Oil and copper prices hit multi-month lows on Tuesday and a number of commodities from gasoline to coffee closed down too as uncertainty over a bailout for Cyprus heightened concerns about the euro zone debt crisis.
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For a long time, the trade has been to buy oil refiners and sell big oil. Now it looks like that trade could flip.
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PORT OF SPAIN, Trinidad, March 19- Operations at Trinidad and Tobago's lone oil refinery and production wells ground to a halt as workers ramped up a week-old protest on Tuesday over outstanding payments and the company's hiring and promotion practices.
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*Cyprus expected to reject on bank deposits levy on Tuesday. NEW YORK, March 19- Brent crude oil fell 2 percent to a three-month low beneath $108 a barrel on Tuesday as uncertainty over a bailout for Cyprus raised concern about the euro zone debt crisis and its impact on energy demand.
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The report, carried out by Navigant Consulting for the government of British Columbia, said the refinery could be built at a cost of C $13 billion, well below the C $16 billion price tag placed on the project by David Black, the press baron backing the concept.
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The report, carried out by Navigant Consulting for the government of British Columbia, said the refinery could be built at a cost of C $13 billion, well below the C $16 billion price tag placed on the project by David Black, the press baron backing the concept.
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*Cyprus expected to reject on bank deposits levy on Tuesday. LONDON, March 19- Brent crude oil fell on Tuesday, trading near $109 a barrel as uncertainty over a bailout for Cyprus intensified concerns about the euro zone debt crisis, and energy demand if the economic picture darkens.
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*Cyprus expected to reject on bank deposits levy on Tuesday. LONDON, March 19- Crude oil fell below $109 a barrel on Tuesday as uncertainty over a bailout for Cyprus revived concerns about the euro zone debt crisis, but a rosier economic outlook in the United States capped losses.
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*Cyprus to vote on bank deposits levy on Tuesday. SINGAPORE, March 19- Brent eased toward $109 a barrel on Tuesday as investors eyed a Cyprus vote later in the day on a bailout plan that revived concerns about the euro zone debt crisis, although losses were capped by a rosier economic outlook in the United States.
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*Cyprus expected to reject on bank deposits levy on Tuesday. NEW YORK, March 19- Brent crude oil fell to around $108 a barrel on Tuesday, near a three-month low, as uncertainty over a bailout for Cyprus raised concern about the euro zone debt crisis and its impact on energy demand.
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*Cyprus expected to reject on bank deposits levy on Tuesday. LONDON, March 19- Brent crude oil fell on Tuesday, trading below $109 a barrel as uncertainty over a bailout for Cyprus intensified concerns about the euro zone debt crisis and about energy demand in the event the economic picture darkens.
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*Cyprus to vote on bank deposits levy on Tuesday. SINGAPORE, March 19- Brent eased toward $109 a barrel on Tuesday as investors eyed a Cyprus vote later in the day on a bailout plan that revived concerns about the euro zone debt crisis, although losses were capped by a rosier economic outlook in the United States.
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TOKYO, March 19- U.S. crude futures edged up on Tuesday toward $94 a barrel, helped by strong U.S. employment data, but gains were limited by worries that a radical bailout plan in Cyprus could reignite the financial crisis in the euro zone.
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*Iraq exports more than a third of its oil to Asia. SINGAPORE/ LONDON, March 18- Fast-growing oil exporter Iraq is selling its crude cheaper than any comparable supply, undercutting regional rival Saudi Arabia to grab a bigger slice of the Asian market.