03.08.2011 - India to buy Saudi oil; Opec crude output up
Saudi Arabia will sell crude to Indian refiners in August after Iran said it may no longer provide them with oil, people familiar with the situation said last week. Iran has said it resolved the payment dispute. Organisation of Petroleum Exporting Countries (Opec) July crude output rose to the highest level in almost three years. Rabigh Refining and Petrochemicals said a cracking unit started after maintenance and that the company’s facilities will reach full capacity by August 15..............................................Full Article: Source
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