BP and Statoil buy another 32 years in Azerbaijan

With a one-off payment of USD 3.6 billion and a transfer of large ownership stakes to the government, BP, Statoil, and other international oil companies have secured another 32 years in lucrative oil fields.

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EU Parliament increases green targets for Europe

The stage is set for a showdown with the member nations, particularly when it comes to the renewable energy directive, after the EU Parliament has today voted for a 35 percent target in 2030 and an equivalent target for energy efficiency.

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