Iran says honouring OPEC oil cut commitment

Tuesday, November 7, 2006, 17:21 [IST]

Tehran, Nov 7: Iran's OPEC governor said on Tuesday his country was honouring its OPEC commitment to cut 176,000 barrels per day (bpd) from production by stopping spot sales and giving 5 percent less in term contracts.

''Iran is honouring its commitment fully,'' Hossein Kazempour Ardebili told Reuters, adding that all of the reductions were coming from exports and had been put into effect.

About 120,000 bpd was being cut by stopping spot sales and around 50,000 bpd was being reduced by cutting 5 percent from term contracts -- within contract provisions -- to clients in north Europe, the Mediterranean and South Africa.

Reuters

Other articles published on November 7, 2006

Samsung sees 2007 global handset mkt up 10 pc

Tuesday, November 7, 2006,17:21 [IST]

Seoul, Nov 7: Samsung Electronics Co. Ltd., the world's third-largest mobile phone maker, expects the global handset market to grow 10 percent next year as analysts expect China and India to lead the expansion.Samsung also raised its forecast for 2006 to 970 million from 950 million, Lee Ki-tae, president of Samsung's telecommunication network business, said on the sidelines of a news conference on Tuesday.''Global handset sales are now expected at 970 million, thanks to the BRICs (Brazil,.....

Nokia to roll out TV phone in coming weeks

Tuesday, November 7, 2006,17:21 [IST]

Helsinki, Nov 7: The world's top cellphone maker Nokia will start global sales of its new N92 model in Asia in coming weeks, breaking into the potentially lucrative market for phones which receive television broadcasts.''The device is ready. In coming weeks N92 will start shipping in Vietnam and Indonesia,'' Nokia spokeswoman Marika Kojo said on Tuesday. More than 50 million DVB-H phones are expected to be sold by industry players globally by 2010, according to research firm.....

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Ashley Cole says referees are 'robbing' Chelsea

Tuesday, November 7, 2006,17:22 [IST]

LONDON, Nov 7 (Reuters) Chelsea's England defender Ashley Cole has accused referees of robbing the Premier League champions after Sunday's stormy 2-1 defeat at Tottenham Hotspur. Cole was incensed that a strike by team mate Didier Drogba was disallowed by referee Graham Poll in the loss at White Hart Lane and said it was only the latest goal to be denied his team. ''Once again we scored a goal that was fine and I've.....

Fletcher concerned by Flintoff's fitness

Tuesday, November 7, 2006,17:22 [IST]

SYDNEY, Nov 7 (Reuters) England coach Duncan Fletcher is set to play five bowlers in the first Ashes test against Australia later this month due to worries over his captain Andrew Flintoff's fitness. Fletcher's concerns over whether Flintoff can bowl for long spells after ankle surgery will see England name an extra bowler rather than the planned four in Brisbane on November 23. ''We've got to look at five bowlers, especially now with Flintoff, with.....

Shoaib, Asif ban puts Windies in driving seat - Lara

Tuesday, November 7, 2006,17:22 [IST]

KARACHI, Nov 7 (Reuters) The touring West Indies have the edge over Pakistan in this month's test series due to the absence of the hosts' banned Shoaib Akhtar and Mohammad Asif, West Indies captain Brian Lara said today. ''I don't think there is any reason to hide the fact that we do have an advantage in their absence,'' Lara told a news conference in the eastern city of Lahore today. A drugs inquiry tribunal last.....