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NAIROBI, June 25 (Thomson Reuters Foundation) - Africa can create jobs, improve social services and cut poverty if its governments can stem the $50 billion a year lost in illicit outflows, mainly through multinationals, campaigners said on Thursday.

WASHINGTON, June 25 (Reuters) - A good nuclear agreement with Iran is possible but it remains to be seen whether a deal would be reached, a senior U.S. official said on Thursday, speaking on condition of anonymity.

FRANKFURT, June 25 (Reuters) - Germany's utilities are preparing for their next battle.

* U.S. crude stocks fall for 8th week, to 463 mln barrels - EIA (Updates throughout, recasts)

FRANKFURT, June 25 (Reuters) - The top executives of many a corporate giant must feel like the fictional character Gulliver, waking up to find themselves under attack from modern-day Lilliputians, small start-up companies which overwhelm their established rivals with new technologies.

--Clyde Russell is a Reuters columnist. The views expressed are his own.--

MARACAIBO, Venezuela, June 25 (Reuters) - When night falls over western Venezuela, armed gangs known as "pirates" sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells.

VOLGOGRAD, Russia, June 25 (Reuters) - Lukoil, Russia's No.2 oil producer, expects its earnings before interest, taxes, depreciation and amortisation (EBITDA) to increase by $2 billion this year, Chief Executive Vagit Alekperov told the company's annual general meeting on Thursday.

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