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NEWSMAKER-Industrialist turned dealmaker, ChemChina's Ren thinks big with Syngenta

BEIJING, Feb 3 (Reuters) - China National Chemical Corp (ChemChina) boss Ren Jianxin, the man behind China's largest overseas bid, is in many ways a traditional industrial boss: a government background, Communist Party colours and a degree in chemical plant mechanics.

ChemChina has secured funding for 100 pct of $43 bln Syngenta deal -source

HONG KONG, Feb 3 (Reuters) - ChemChina has already secured financing commitments sufficient to acquire 100 percent of pesticides group Syngenta, and is looking to initially purchase 67 percent of the agrichemicals company to meet a Swiss takeover threshold, a source with direct knowledge of the deal said.

No date yet for Russia's possible consultations with OPEC - Kremlin

MOSCOW, Feb 3 (Reuters) - No date has been set yet for possible consultations between Russia and the Organization of the Petroleum Exporting Countries, the Kremlin said on Wednesday.

Iran calls for closer ties with Russia, Iraq and Venezuela on energy issues -RIA

MOSCOW, Feb 3 (Reuters) - Iran calls for closer ties with Russia, Iraq and Venezuela on energy issues, RIA news agency quoted Ali Akbar Velayati, a top advisor to Supreme Leader Ayatollah Ali Khamenei, as saying on Wednesday.

UPDATE 2-Fortum to cut costs, hunt acquisitions after Q4 disappoints

* Shares drop 10 pct (Adds share reaction, analyst comment, background)

Russia says ready to meet key OPEC members, old price regulation tools "no longer working" -RIA

MOSCOW, Feb 3 (Reuters) - Russia is ready to meet the main oil producers within the Organisation of the Petroleum Exporting Countries (OPEC) if a consensus on such a meeting is reached with them, RIA news agency quoted Russia's foreign minister as saying on Wednesday.

UPDATE 2-ChemChina makes $43 bln agreed bid for Switzerland's Syngenta

* ChemChina to offer $465/shr, equivalent to 480 Swiss francs/shr

Trafigura's China oil chief released on bail - sources

BEIJING, Feb 3 (Reuters) - The head of Swiss trading giant Trafigura's Beijing office was released on bail this week after eight months in detention, while a probe into alleged fraudulent oil trading continues, two sources with direct knowledge of the matter said.

RPT-Russian oligarchs most likely buyers in Putin's new privatisation plan

* Kremlin's privatisation plan could bring 500-800 bln roubles

Plug for California gas well leak draws closer in fits and starts

HOUSTON, Feb 3 (Reuters) - A calamitous natural gas leak near Los Angeles is inching closer to finally being plugged after months of trial and error with different techniques aimed at sealing a foul-smelling hole that has forced thousands of residents from their homes.

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