 | Iran halts oil sales
to France, Britain
IRAN has halted its limited oil
sales to France and Britain in
retaliation for a phased EU ban
on Iranian oil that is yet to take
full effect, the oil ministry said on
Sunday.
"Oil sales to British and French
companies have ceased,"
spokesman Ali Reza Nikzad
Rahbar said in a ...
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| | Aramco, Pertamina sign
refining, petrochem deal |
 SAUDI Aramco Asia
(SAAC), a subsidiary of oil
giant Saudi Aramco, signed
an initial deal with
Indonesia´s state energy
firm, PT Pertamina to look
into building a refining and
petrochemicals project in
Indonesia, Aramco said on
Saturday.
Aramco has said a refinery
in Indonesia was among
other planned refining projects
which would raise its
total global refining capacity
to 8 million barrels per day
(bpd) in a decade as it seeks
to balance its energy portfolio
by increasing downstream
investments.
Under the Memorandum
of Understanding (MoU),
Aramco and Pertamina will
undertake a feasibility
study first to jointly build a
refinery and petrochemicals ... | | | Japan, China to coordinate
on IMF efforts on eurozone |  JAPAN and China agreed on
Sunday they will jointly
respond to any funding
request from the
International Monetary
Fund, which is looking to
more than double the size of
its war chest to help countries
deal with the eurozone crisis.
Japanese Finance Minister
Jun Azumi, after meetings
with Chinese Vice Premier
Wang Qishan and Finance
Minister Xie Xuren, said the
two countries were ready to
support the IMF but further
efforts by eurozone members
were necessary.
"What we agreed on...is that
European countries need to do
more, although (the situation),
including Greece, is headed in
a good direction," Azumi told
reporters in Beijing.
"We can expect some sort ... | | | Olympus may be charged
over $1.7 billion scandal |  JAPANESE prosecutors are
considering indicting Olympus
Corp as a company for falsifying
its financial reports to
conceal huge investment losses
in a $1.7 billion scandal,
Kyodo news agency reported
on Sunday, quoting investigative
sources.
Tokyo District Public
Prosecutors and the watchdog
Securities and Exchange
Surveillance Commission
(SESC) have apparently determined
they can make a case
against the camera and medical
equipment following the
Tokyo Stock Exchange´s decision
last month to keep the
company listed, Kyodo said.
Olympus is likely to be
indicted as a corporation when
prosecutors charge chairman
and ... | |
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