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Cuba says to drill for oil in deep water despite low prices

CAMARIOCA, Cuba, Oct 21 (Reuters) - Cuba plans to drill exploratory deepwater wells in the Gulf of Mexico by the end of 2016 or beginning of 2017 despite current low oil prices, officials from the state oil monopoly said.

Volkswagen says 3 million European cars need hardware changes

FRANKFURT, Oct 21 (Reuters) - Volkswagen said on Wednesday about 3 million cars in Europe have 1.6 litre engines, which will require hardware changes in the wake of the company's diesel emissions rigging scandal.

BP to invest in three new exploration blocks in Egypt

Oct 21 (Reuters) - BP Plc said on Wednesday it had been awarded three new offshore exploration blocks in Egypt and that it and its partners had committed to investment of $229 million.

UPDATE 1-Xi sees no hard landing for China, economy enters 'new normal'

LONDON, Oct 21 (Reuters) - President Xi Jinping said on Wednesday China would avoid a hard landing, though he acknowledged some downward pressure on the world's second largest economy.

UPDATE 1-Icahn launches super PAC with $150 mln, biggest one-time injection

NEW YORK, Oct 21 (Reuters) - Billionaire investor activist Carl Icahn tweeted on Wednesday that he is forming a Super PAC with an initial commitment of $150 million, representing the biggest one-time injection of money in the history of such political action committees.

REUTERS SUMMIT-Amid Noble flap, Israel recruits U.S. oil firms

* For other news from Reuters Commodities Summit, click on http://www.reuters.com/summit/Commodities15

BP signs $10 bln gas supply deal with China's Huadian

LONDON, Oct 21 (Reuters) - Oil major BP has signed a $10 billion liquefied natural gas (LNG) supply deal with China's Huadian power producer, sealing the agreement as part of Chinese President Xi Jinping's state visit to Britain.

UPDATE 1-Iraq budget deficit seen at 11.9 pct of GDP in 2016 - minister

* Eurobond, IMF loan possible funding tools in 2016 (Adds QNB loan)

CORRECTED-Iraq budget deficit seen at 11.9 pct of GDP in 2016 - minister

BAGHDAD, Oct 21 (Reuters) - Iraq's fiscal deficit is expected to hit 11.9 percent of economic activity in 2016, the finance minister said on Wednesday, as the country struggles to fund fighting against Islamic State in the face of dropping crude prices.

UPDATE 2-Volkswagen CEO says emissions scandal bill could rise

* Head of group quality control suspended - sources (Adds suspension of head of group quality control)

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