March 2018

WNN - President Moon Jae-in of South Korea and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan attended a ceremony to celebrate the completion of construction at the United Arab Emirates' first nuclear power reactor.

REUTERS - The final investment total for the 200 GW of generation, including the solar panels, battery storage and a manufacturing facility for panels in Saudi Arabia, will eventually total around $200 billion, Son said.

REUTERS - U.S. West Texas Intermediate (WTI) crude futures were at $65.51 a barrel at 0255 GMT, down 37 cents, or 0.6 percent, from their previous close. Brent crude futures were at $70.24 per barrel, down 21 cents, or 0.3 percent.

МИНЭНЕРГО РОССИИ - Александр Новак сообщил, что российский ТЭК сохранил лидирующую роль как в экономике страны, так и на международной арене. «В прошлом году мы вышли на 546,8 млн тонн добычи нефти, 691 млрд куб м газа. Динамика добычи угля также демонстрирует тенденцию к росту. » - сказал Министр.

OPEC - Participating OPEC and non-OPEC producing countries have set a new record in February with their voluntary production adjustments, achieving a level of 138%, according to the OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC).

BLOOMBERG - Oil’s recovery to almost $70 a barrel hasn’t been sufficient to stimulate the return of enough investment in the sector, according to Saudi Arabia’s energy minister.

IAEA - “Nuclear technology helps countries to produce more food, generate more electricity, treat diseases such as cancer, manage water supplies, protect the seas and oceans and respond to climate change — and much more,”

REUTERS - In a statement to the Shanghai Stock Exchange, Sinopec said it had allocated 117 billion yuan of capital expenditure for 2018, up from an actual spend of 99.38 billion yuan last year. That includes a 55 percent hike in upstream spending to 48.5 billion yuan, as China’s biggest refiner looks to make the most of a rally in oil prices since early February to over $70 a barrel.

SINOPEC - For the year 2017, the Company’s revenue was RMB36.209 billion, its net profit was RMB1.130 billion; asset-liability ratios remained low and cash flow performance remained strong. The Board recommended a final dividend of RMB0.144 per Share for the year 2017. After taking into account the interim dividend of RMB0.056 per Share, the total dividend for the year will be RMB0.200 per Share, the annual payout ratio is 79%.

WNN - Both houses of the US Congress have approved an omnibus appropriations bill including USD1.2 billion for nuclear energy. The bill will see the suspension of sales by the Department of Energy (DOE) of surplus uranium to pay for decommissioning work at the former Portsmouth uranium enrichment plant.