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iPolitics By iPolitics. Published on Mar 8, 2021 11:39am The Lead Oil prices have slipped after climbing above US$70 a barrel for the first time since the start of the COVID-19 pandemic. The fall comes after attacks from Yemen’s Houthi forces on Saudi Arabia’s Ras Tanura oil site, Reuters reports. “There are no reports of lasting damage or disruptions to oil flows … today’s risk premium will soon fade,” said Norbert Rucker, analyst at Swiss bank Julius Baer. The attack occurred Sunday, just days after the Organization of the Petroleum Exporting Countries’ (OPEC) decision to continue with output cuts despite rising crude prices. ....
Cyprus, Greece and Israel on Monday signed an initial agreement to build the world's longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids. ....
Cyprus, Greece, and Israel today signed an initial agreement to build the world s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million. ....
Plans to connect Israel, Cyprus and Greece with a 2,000 megawatt undersea electricity cable took a key step forward on Monday, when the three countries signed an agreement to speed up technical work on the project. ....
Cypriot President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attend the signing of a deal by Cypriot Energy Minister Yiorgos Lakkotrypis, Greek Energy Greek Energy Minister Kostis Hatzidakis and Israeli Energy and Water Minister Yuval Steinitz, to build the EastMed subsea pipeline to carry natural gas from the eastern Mediterranean to Europe, at the Zappeion Hall in Athens, Greece, Jan. 2, 2020. Photo: Reuters / Alkis Konstantinidis. i24 News – Israel, Cyprus, and Greece on Monday signed an initial agreement on laying the world’s longest undersea power cable linking their electricity grids. The memorandum of understanding on the 745-mile EuroAsia Interconnector was signed in Nicosia by Cyprus Energy Minister Natasa Pilides and her Israeli counterpart Yuval Steinitz, while Greece’s Kostas Skrekas joined them by videoconference. ....