Vienna

IAEA Board to discuss North Korea, Iran on Wednesday

IAEA Board to discuss North Korea, Iran on Wednesday Vienna  - North Korea's plans to restart a nuclear facility as well as Iran's reluctance in clearing its nuclear past will be discussed at a board meeting of the International Atomic Energy Agency (IAEA) on Wednesday in Vienna.

The debate will come a day after US president George W Bush told the United Nations General Assembly in New York that the world "must remain vigilant against proliferation by fully implementing the terms of Security Council (resolutions) and enforcing sanctions against North Korea and Iran."

OPEC crude price jumps by 6.09 dollars

OPEC crude price jumps by 6.09 dollarsVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) jumped by 6.09 dollars Monday over worries about the dollar's weakness.

One barrel (159 litres) of OPEC crude stood at 97.92 dollars Monday, compared with 91.83 dollars on the previous day, OPEC said Tuesday.

The dollar was pulled down by US government plans to buy failing mortgages from the troubled finance industry.

On the New York market, the price of oil for October delivery rose 25 dollars to 130 dollars a barrel Monday, before settling at 120.92 dollars.

Hungarian MOL plans to have 100 Austrian petrol stations this year

Hungarian MOL plans to have 100 Austrian petrol stations this year Vienna  - Hungarian oil and gas group MOL Plc. plans to operate 100 petrol stations in Austria this year, the company's CEO Zsolt Hernadi said in Vienna on Monday.

MOL was aiming at a market share between five and 10 per cent of Austria's petrol retail market, Hernadi told Austrian public broadcaster ORF.

The Hungarian company has told its Austrian rival OMV AG it wanted to buy 100 of its stations, but had not received and answer yet, Austrian news agency APA reported.

North Korea wants to remove IAEA seals, restart nuclear facility

North Korea wants to remove IAEA sealsVienna- North Korea has told the International Atomic Energy Agency (IAEA) it wants to remove seals and cameras at its nuclear facilities and plans to resume work in its reprocessing plant, IAEA Director General Mohamed ElBaradei said Monday.

A North Korean official announced last Friday that the Democratic People's Republic of Korea (DPRK), as North Korea is officially called, was working to restart its nuclear facilities in Yongbyong.

Iranian, Syrian nuclear intentions in focus as IAEA board meets

IAEA, IranVienna  - Questions about Iran's past nuclear activities and about Syria's alleged secret nuclear programme are expected to dominate a meeting of the International Atomic Energy Agency's (IAEA) board that opened in Vienna on Monday.

The 35-member IAEA Board of Governors is set to discuss Iran's lack of cooperation in explaining a set of past studies, which the international nuclear watchdog says could be related to an effort to develop nuclear weapons.

Iran strongly denies that it ever intended to use nuclear technology for military purposes.

OPEC crude price back above 90 dollars

OPEC crude price back above 90 dollarsVienna - The price for crude oil pro

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