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Gunmen attack Italian logistics manager in Iraq's Basra -sources

BASRA, Iraq, Aug 23 (Reuters) - Gunmen shot and wounded the Italian manager of a logistics company in the southern Iraqi oil city of Basra on Sunday, security officials and a company source said.

East Libyan state oil firm wants to discuss contracts with oil majors at Dubai conference

CAIRO, Aug 23 (Reuters) - A state oil firm loyal to Libya's official government based in the east of the country has invited foreign oil firms to discuss existing oil purchase contracts at a conference in Dubai next month, it said in a statement.

Iran says an OPEC emergency meeting may stop oil price slide -Shana

DUBAI, Aug 23 (Reuters) - Iran's Oil Minister, Bijan Zanganeh, said on Sunday that holding an OPEC emergency meeting may be "effective" to stop the oil price slump, Iran's oil ministry news agency Shana reported.

Junior miners jump into medical marijuana, food service amid slump

TORONTO/VANCOUVER/SYDNEY, Aug XX (Reuters) - Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration.

Mood sours among Saudi businessmen as oil slides

RIYADH/KHOBAR, Saudi Arabia, Aug 23 (Reuters) - Saudi Arabian entrepreneur Essam al-Zamel has overcome many obstacles to found a string of technology companies in the past decade, but he thinks sliding oil prices will be hard to handle.

Protesters re-open road access to Iraq's Umm Qasr port after new jobs promised

BASRA, Iraq, Aug 23 (Reuters) - Road access to Iraq's southern Umm Qasr commodities port was restored on Sunday following a two-day closure by protesters after the authorities promised to create new jobs, a port company spokesman and port workers said.

UPDATE 1-In thaw of Iran ties, Britain reopens ransacked embassy in Tehran

* First visit by British Foreign Secretary since 2003 (Adds official reopening, Foreign Secretary quote)

S.Korean officials visit Iran to seek post-sanction deals

SEOUL, Aug 23 (Reuters) - South Korean government and corporate officials are visiting Iran this week to hunt out possible deals in the oil, gas and construction industries since an agreement was reached to lift sanctions on Tehran.

In thaw of Iran ties, Britain's Hammond to reopen ransacked embassy in Tehran

KUWAIT, Aug 23 (Reuters) - In a signal of the most striking thaw in the Western ties with Iran for over a decade, Foreign Secretary Philip Hammond will reopen the British embassy in Tehran nearly four years since protesters ransacked the elegant ambassadorial residence and burned the Union Jack.

UPDATE 2-Explosion at chemical plant in eastern China, 9 injured - state media

SHANGHAI, Aug 22 (Reuters) - An explosion hit a chemical plant on Saturday night in eastern China, the official Xinhua state news agency said, citing local authorities.

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