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Email this article: Algeria court fines Orascom Telecom unit about US$1.3 billion
Posted: Thu March 29, 2012 12:54 pm
ALGERIA. Orascom said its unit plans to appeal the ruling, which temporarily would halt implementation of the judgment.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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