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Ruto Defends Tata Chemicals Shutdown

President William Ruto has defended the government’s decision to suspend Tata Chemicals Magadi Limited’s mining operations, saying Kenya has not received enough economic benefits from the company’s…

Iraq Hikes Oil Exports via Hormuz in Boon for Asian Refiners

OPEC’s second-largest producer, Iraq, more than doubled its crude oil exports via the Strait of Hormuz in August as it offered month-watering discounts for loadings at Basrah in the Persian Gulf and…

  • Iraq's oil exports via Hormuz doubled to 2.34 million barrels per day in August.
  • Discounts offered by Iraq for loading at Basrah and Iran's allowance enabled higher exports.
  • Increased exports benefit Asian refiners with Iraq's heavier, higher-sulfur crude.

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