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Kuwait to set up company to run refinery complex

DUBAI, Jan 31 (Reuters) - Kuwait's National Petroleum Company (KNPC) said on Sunday it will set up a new company to run its planned al-Zour refinery and petrochemical complex which, when built, will be the biggest in the Middle East.

Iraqi Kurdish delegation visits Baghdad for talks

ERBIL, Iraq, Jan 31 (Reuters) - A senior delegation from Iraq's Kurdish north held talks in Baghdad with the government on Sunday, a spokesman said, after weeks of warnings from officials in the autonomous region that it faced an economic collapse.

RPT-INSIGHT-Soccer-Thai owners chase gold and glory after Leicester's remarkable run

BANGKOK, Jan 29 (Reuters) - It took just 30 minutes for Leicester City's Thai billionaire owner to decide to buy the English soccer club in 2010.

UPDATE 1-Cyclone passes over Australia's northwest as wild weather hits nation

* Tasmania fires burn through 72,000 hectares, floods threaten communities (Adds reports of flooding in Queensland, fires in Tasmania, mini-tornado in New South Wales)

Cyclone passes over Australia's northwest mining ports

PERTH, Jan 31 (Reuters) - A tropical cyclone that crossed Australia's northwest coast early on Sunday was weakening, although several small inland communities were on red alert as it moved inland and the risk of heavy swells and storm surges remained.

Berkshire resumes buying Phillips 66 stock

Jan 30 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed.

EU signals support for Schaeuble's petrol tax proposal-magazine

BERLIN, Jan 30 (Reuters) - European Commission Vice President Valdis Dombrovskis has suggested he was open to German Finance Minister Wolfgang Schaeuble's proposal for a special tax on petrol in EU member states to finance refugee-related costs.

UPDATE 1-Iraq will cooperate with any production-cutting decisions -oil minister

* Iraq aims to revive national oil company to boost efficiency

Iraq will cooperate with any production-cutting decisions -oil minister

BAGHDAD, Jan 30 (Reuters) - Iraq's oil minister said on Saturday his country was ready to accept a decision by OPEC and non-OPEC members to cut crude production.

UPDATE 2-Iran cancels London oil conference over visas - Seda weekly

* Companies to be invited in May to bid for new oil contracts (Adds quotes, analyst comments, background)

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