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* Govt asks state firms to buy back shares as divestment falters

ABU DHABI, Feb 2 (Reuters) - Russia has agreed that two Syrian rebel Islamist groups will participate in Syria peace talks on an individual basis but said this did not mean that they were legitimate and not terrorists, Russian Foreign Minister Sergei Lavrov said on Tuesday.

ABU DHABI, Feb 2 (Reuters) - Russia is open to further cooperation in the oil market with OPEC and non-OPEC countries, Russian Foreign Minister Sergei Lavrov said on Tuesday while on a visit to Abu Dhabi.

ABU DHABI, Feb 2 (Reuters) - Two Syrian opposition Islamist groups will participate in Syria talks in Geneva on an individual basis, but this does not mean they are legitimate and not terrorists, Russian Foreign Minister Sergei Lavrov said on Tuesday.

MOSCOW, Feb 2 (Reuters) - Foreign investors are welcome to take part in Russian privatisation, Kremlin spokesman Dmitry Peskov told reporters on Tuesday.

BEIJING, Feb 2 (Reuters) - The new chief executive of China National Bluestar said he was conducting a review of its operations that could include divestments in a bid to boost growth and competitiveness at the unit of state-owned China National Chemical Corporation (ChemChina).

** Tullow Oil down c.4 pct, one of the top FTSE midcap losers after Nomura cuts PT to 150p from 185p; reiterates "reduce" rating

* BP reports 2015 loss of $6.5 bln, to cut 3,000 more jobs (Updates throughout, adds shares)

MOSCOW, Feb 2 (Reuters) - Russia's budget may get an extra 110 billion roubles ($1.41 billion) in dividends from state companies this year if the payout ratio is raised to 50 percent of profits, Olga Dergunova, the head of Russia's state property agency, said on Tuesday.

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