Search Results for: Saudi Arabian

BY GEORGE STONE

SOUTHERN Africa has always been rich in natural resources, but its ability to process and manufacture them has not always matched this bounty. Oil refining capacity is a case in point and the governments of South Africa, Angola and Mozambique are trying to push forward.…

BY ERIC LYMAN

BATTLE lines have been drawn in negotiations to renew the Kyoto Protocol over the future shape of energy policy within future United Nations efforts to reduce greenhouse gas emissions. At December’s climate change summit, in Poznan, Poland, a key power industry issue has emerged as a primary point of discord: whether or not carbon capture and storage technologies should be allowed in a revised Kyoto Clean Development Mechanism (CDM).…

BY CRISTINA MUNTEAN

THE SECURITY of energy supply, including oil and gas storage capacity, dominates the current energy agenda of the Czech Republic, which took over the six-month rotating presidency of the European Union (EU) from January 1, 2009.

This is no surprise: on July 10, 2008, Russian oil pipeline operator Transnieft cut monthly contracted oil deliveries by almost half from 500,000 tonnes to 300,000 tonnes via the Druzhba pipeline.…

BY PAUL COCHRANE

BANGLADESH’S fledgling anti money laundering and counter terrorist financing regime faces an uphill struggle, with the country ranked as one of the most corrupt on earth and money laundering equivalent to 13% of the country’s GDP. Furthermore, Abul Barkat, Professor of Economics at Dhaka University told the Money Laundering Bulletin, an estimated US$7 billion flows into Bangladesh through illegal alternative remittance systems, and there is an ‘economy within an economy’ generating some US$300 million in profits every year for Islamist political parties linked to fundamentalist and terrorist activities.…

BY MARK GODFREY

GIVEN that much of the world’s shoes, giftware and electronic appliances are made in China’s southeastern Fujian province, it is easy to understand why ExxonMobil fought so hard to join Aramco and China’s Sinopec in building a huge refinery here.…

BY KEITH NUTHALL

THE EUROPEAN Union (EU) Council of Ministers has swiftly approved the re-establishment of anti-dumping duties on imports of polyester staple fibres from Belarus, China, Saudi Arabia and South Korea. Ministers agreed with the European Commission that lifting them would lead to further dumping of this yarn on EU markets.…

BY KEITH NUTHALL

THE EUROPEAN Commission has proposed re-erecting anti-dumping duties on imports of polyester staple fibres from Belarus, China, Saudi Arabia and South Korea after concluding that lifting them would lead to further dumping of this yarn on European Union (EU) markets.…

BY MARK GODFREY

IT has been a bad year to be a fuel retailer in China. Local retailing leader Sinopec has had its profits squeezed by government price controls on petrol prices. Prices at Chinese pumps have risen by 9% in the last 12 months, even though the cost of crude has jumped 40% in the same time span.…

BY PAUL COCHRANE

THE SEPTEMBER 11, 2001 attacks on the US resulted in a raft of regulations to curb terrorist financing, but seven years on Al Qaeda is still at large, has adapted to the new regulatory environment to raise funds, and morphed into an international terrorist Hydra.…

BY PAUL COCHRANE, in Beirut

THE KUWAIT Project, the country’s multi-billion dollar plan to boost oil production capacity to 4million/bpd (barrels per day) by 2020, is still lagging way behind schedule, with the opposition in its parliament preventing progress while international oil companies are getting cold feet due to the delay.…