IRAN & RUSSIA OPTIMISM
Talks between the P5+1 nations and Iran have failed to reach a conclusive outcome by the self-imposed 31st March deadline. The P5+1 nations and Iran have extended talks for a further 24 hours, in the hope that an outline agreement over Iran's nuclear programme could be reached.
Iran and Russia have both expressed optimism that an initial agreement was within reach.
The initial agreement would pave the way for a final accord to be signed into action in June of this year. A number of sticking points remain, however, with the number of centrifuges Iran can operate said to be among them.
News agency Reuters reported that the Russian Foreign Minister, Sergei Lavrov, had said that negotiators had reached a general accord on "all key aspects".
Iran's state news agency reported that a draft agreement could be prepared on Wednesday.
The P5+1 nations, which comprise the United States, Britain, France, Germany, Russia and China, aim to stop Iran from gaining the capacity to develop a nuclear bomb in exchange for easing international sanctions that are crippling its economy.
A senior Iranian negotiator said Tehran was willing to negotiate until the deadlock was resolved.
"Iran does not want a nuclear deal just for the sake of having a deal, and a final deal should guarantee the Iranian nation's nuclear rights," the negotiator, Hamid Baidinejad, told reporters.
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.