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Oman Backs U.S. Firm Mining Crypto to Cut Gas Flaring

  • Crusoe Energy says it plans to open an office in Oman
  • Middle East, North Africa account for 38% of global flaring
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Oman’s sovereign wealth fund took an equity stake in a U.S. firm that says it helps fossil-fuel producers cut flaring by using stranded natural gas to power cryptocurrency mining instead.