2020, January, 22, 12:35:00LIBYA'S OIL BLOCKADE: 1 MBD DOWN
"When storage tanks are full in a few days, Libya's oil production will be limited to 72,000 b/d from offshore fields and Wafa oil field, from over 1.20 million b/d yesterday," a spokesman from National Oil Corporation said late Sunday.
2020, January, 22, 12:30:00NO COAL FOR AFRICA
The UK will no longer fund coal projects overseas, British Prime Minister Boris Johnson announced today during his opening address at the UK-Africa Investment Summit in London. Instead, the government will "turbo-charge" its support for low-carbon energy sources, he said, noting that the UK has cut its CO2 emissions by 42% from the 1990 level. The country is the host of the next round of UN climate talks - COP26 - in November.
2020, January, 17, 11:10:00LEVIATHAN'S GAS BEGINING
In its first development phase, Leviathan has a production capacity of 1.2 Bcf/d (34 million cu m/d).
2020, January, 8, 14:05:00ENI'S MIDDLE EAST STRATEGY
The best story, really, is in the Middle East, because we have Abu Dhabi, which became our logistic and technological hub in the region. We have all our people here, and we set up very quickly.
2019, December, 20, 10:25:00LNG IMPORTS FOR EUROPE UP
Europe’s imports of liquefied natural gas (LNG) have been steadily increasing since October 2018, and reached a new monthly record of 12.7 billion cubic feet per day (Bcf/d) in November 2019
2019, December, 16, 13:25:00UAE, EGYPT RELATIONS
Commenting on the strategic cooperation between ECI and ECGE, Massimo Falcioni, CEO of ECI, said, "Taking into account the very strong non-oil trade relations between Egypt and the United Arab Emirates, this agreement will pave the way for the identification and development of more business opportunities. ECI’s partnership with ECGC will not only reinforce the existing partnership between the two countries but will also boost the regional and global competitiveness of local businesses."
2019, December, 4, 12:20:00RUSSIA'S NUCLEAR FOR AFRICA
“Rosatom [the Russian nuclear company] is prepared to help our African partners in creating a nuclear industry,” Putin said, with “the construction of research centers based on multifunctional reactors.”
2019, December, 4, 11:35:00UAE, SUDAN INVESTMENTS
Al Mazrouei led a UAE economic delegation comprised of government and private sectors' officials in a two-day visit to Sudan where they explored paths of cementing bilateral relations in areas of trade, investment, energy, mining, electricity, infrastructure and agriculture.
2019, November, 20, 12:00:00DRAMATICALLY IMPORTANT: NUCLEAR POWER
"We need to replace 70-90% of carbon resources of energy by 2050 in order to avoid overheating the Earth," he said, adding that two-thirds of the world's population still relies on biomass. An alarming projection, he said, is that by 2050 African nations will be consuming as much energy per capita as they do now, but their population will have doubled to 1.4 billion. "This will have dramatic implications for healthcare, employment and migration in the future," he said. "Only nuclear power can stop this migration by helping to develop the region."
2019, November, 20, 11:45:00UAE, AFRICA INVESTMENT
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received today at the Qasr Al Bahar, participants in the Africa Investment Summit, AIS, which is being hosted by the Abu Dhabi Investment Authority, ADIA, to increase dialogue between global investors and African financial and corporate entities. They were accompanied by H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA.
2019, November, 15, 14:15:00UAE, EGYPT INVESTMENT PLATFORM $20 BLN
Sheikh Mohamed also announced the launch of a joint investment platform worth of $20 billion (Dh73,454,000,000) for implementing vital projects.
2019, November, 11, 12:50:00AFRICA'S ENERGY DEMAND GROWTH TWICE
Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.
2019, October, 28, 13:45:00NUCLEAR ENERGY BENEFITS FOR AFRICA
Speaking to African heads of state and representatives from Russian, African, and international business and government agencies, Rosatom Director General Alexey Likhachov yesterday emphasised the benefits of nuclear energy in job creation and regional economic development. At the Russia-Africa Summit in Sochi, Russia, Likhachov said global inequality in technological, industrial and socio-economic development was "acutely felt" in Africa.
2019, October, 23, 12:20:00RUSSIA, AFRICA DIALOG
President Vladimir Putin will host the Russia-Africa Summit in Sochi this week as Russia looks to expand its footprint in Africa.
2019, October, 16, 12:10:00IMF: THE GLOBAL ECONOMY SLOWDOWN
Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.