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| Russia Will Join Economic Sanctions on Iran |
| 05/09/2008, Updated 47 Mins, 28 Sec ago |

| al-Sharq al-Awsat Reviews Israeli Economy |
| 05/09/2008, Updated 55 Mins, 40 Sec ago |

| New Chinese Refinery to Receive Saudi Crude |
| 05/09/2008, Updated 1 Hour, 6 Mins ago |

| Large Number of Fictitious Positions in Iraq's Two Major Ministries |
| 05/09/2008, Updated 1 Hour, 7 Mins ago |

| Egypt: April Inflation Surges to 3-Year Peak on Food Price Increase |
| 05/09/2008, Updated 1 Hour, 11 Mins ago |

| Egypt Aims to Increase Reserves to $38 Billion by June 2009 |
| 05/09/2008, Updated 1 Hour, 23 Mins ago |

| Libya: Qaddafi Tells Government to Distribute Oil Revenues to People |
| 05/09/2008, Updated 2 Hours, 1 Min ago |

| Iran: India's MRPL Set to Sell 250,000 Tons of Diesel to the Islamic Country |
| 05/09/2008, Updated 2 Hours, 16 Mins ago |
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05/08/2008
As medium sweet crude oil blends have strengthened in recent months, medium and heavier sour blends have fallen behind. In particular, Middle East heavy crudes have been unable to keep up with the growing appetite for low sulphur middle distillate products, with differentials between Saudi Super Light and Saudi Heavy crude blends widening to record levels. In the Americas, the situation is no...
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During the long years of Saddam Hussein’s rule in Iraq, economic data were treated as top national secrets, and the revelation of such data to unauthorized persons could bring the death penalty. Therefore, it was only after the fall of the regime that the extent of Iraq’s enormous foreign debt, estimated at the time in excess of $100 billion, was to become public record. Much of this debt was government-to-government, and hence the domain of the Paris Club. At the urgings of the United States and Iraq, the Paris Club recommended the cancellation of the Iraqi debt. Most countries, including the United States, the United Kingdom, France, China and Russia, have adopted the...
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