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OIL AND GAS
Iraq rejects Israeli role in Gulf flotilla
by Staff Writers
Baghdad (AFP) Aug 12, 2019

Iraq rejects any Israeli participation in a naval force to protect shipping in the Strait of Hormuz, at the heart of tensions with Iran, Foreign Minister Mohammed Ali al-Hakim said Monday.

Tensions have escalated in past months, with drones downed and tankers mysteriously attacked in Gulf and nearby waters.

Washington and its Arab allies in the Gulf have accused the Islamic republic of carrying out the tanker attacks, which Tehran denies.

The US has since sought to assemble an international coalition it says is to guarantee freedom of navigation in the Gulf.

Israel has made no official announcement on the operation, although Israeli media have reported a possible role for the Jewish state.

Iraq "rejects any participation of forces of the Zionist entity in any military force to secure passage of ships in the Arabian Gulf", Hakim said on Twitter.

"Together, the Gulf states can secure the passage of ships," he said.

He added that "Iraq will work to lower tensions in our region through calm negotiations", while "the presence of Western forces in the region would raise tensions".

Tehran and Washington have been at loggerheads since President Donald Trump unilaterally withdrew the US from a nuclear accord between Iran and world powers in May 2018, reimposing biting sanctions.

If the coalition is formed, each country would provide a military escort for its commercial ships through the Gulf with the support of the US military, which would carry out aerial surveillance and command operations.

Britain has said it will take part, but other European countries have so far kept out, fearing it might harm efforts to reach a negotiated settlement with Iran.

On Thursday, Iran's Defence Minister Amir Hatami said the formation of a US-led flotilla in the Gulf would "increase insecurity" and any Israeli involvement could have "disastrous consequences" for the region.


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OIL AND GAS
Oil rigs could pump CO2 emissions into rocks beneath North Sea
Edinburgh UK (SPX) Aug 09, 2019
North Sea oil and gas rigs could be modified to pump vast quantities of carbon dioxide emissions into rocks below the seabed, research shows. Refitting old platforms to act as pumping stations for self-contained CO2 storage sites would be 10 times cheaper than decommissioning the structures, researchers say. The sites would store emissions generated by natural gas production, and could also be used to lock away CO2 produced by other sources - such as power stations - helping to combat climat ... read more

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