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US energy envoy Pascual to step down

US special envoy for International Energy Affairs Carlos Pascual announced he will step down in July.
Ambassador Carlos Pascual, Special Envoy and Coordinator for International Energy Affairs for the U.S. Department of State, speaks during the CERAWEEK world petrochemical conference in Houston March 7, 2012.  REUTERS/Donna W. Carson    (UNITED STATES - Tags: BUSINESS ENERGY POLITICS) - RTR2Z050

US Special Envoy for International Energy Affairs Carlos Pascual announced Friday he will step down in July, U.S. officials told the Back Channel.

The departure plans come as oil proces have spiked amid the new security crisis in Iraq, as al Qaeda-linked the Islamic State of Iraq and Syria (ISIS) overtook the city of Mosul.

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