Oil and gas

May 25, 2017


Vienna Meetings: Algeria proposes permanent committee to monitor hydrocarbon market

Algeria, through the Minister of Energy Noureddine Boutarfa, proposed, during the informal talks, held on Wednesday in Vienna, the establishment of a permanent OPEC and non-OPEC committee to monitor the hydrocarbon market, Reuters reported.

A nine-month extension is favored by OPEC members Iraq and Algeria as well as top non-OPEC producer Russia, whereas some Gulf OPEC"...

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May 25, 2017


US Food and Drug Administration (FDA) Begins Scientific Review of Philip Morris International’s Modified Risk Tobacco Product Application for its Electronically Heated Tobacco Product (EHTP) 

(ME NewsWire)-- On May 24, 2017, the US FDA published the executive summary and research summaries supporting Philip Morris International Inc.’s (PMI) (NYSE/Euronext Paris: PM) Modified Risk Tobacco Product (MRTP) application for the company’s EHTP. In doing so, the agency announced that it will publish a notice in the Federal Register establishing a formal docket for public comments on PMI’s application at a later date.


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May 24, 2017


Equatorial Guinea’s Bioko Oil Terminal Set to Claim Regional Hub Status

By aiming to become the first of its kind oil and petroleum products storage facility in West Africa, the Bioko Oil Terminal will transform Equatorial Guinea into a pivotal trading and services hub in the West African region.

This development follows the signing of an agreement in Saudi Arabia between the Government of Equatorial Guinea and Arabian Energy DMCC to work together on the Bioko Oil Terminal.


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May 21, 2017


Portuguese Company Contracted on Rural Electrification Project in Rwanda

The winning consortium of Rwanda’s international tender for electrification, STEG International Services from Tunisia has chosen Portuguese power solutions company Efacec to implement the project of engineering, supply, supervision and commissioning of three substations on a turn-key basis in Rwanda.

The new 200kV substations will enable power distribution in rural Rwanda such as Rwabusoro, Mamba e Rilima.


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May 16, 2017


Oil Prices Rise, Recovery Of Revenues Is Possible

Saudi Arabia and Russia, which are the world's largest oil producers, agreed on Monday, to extend crude production cuts for another nine months, meaning that the Algiers agreement, which was drawn up at the Vienna meeting, will extend until March 2018, in a new effort to curb oil market bottlenecks in the global oil markets and will push the prices to the rise, as this would revive some of Algeria's oil revenues and restore the hope of reviving the fund to control the revenues that are subject to the excess of the"...

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May 15, 2017


Africa first waste-to-energy facility to be commissioned during July

The 50 megawatts (MW) Reppie Waste to Energy facility, which Ethiopia claims to be the first of its kind, is slated to be commissioned in July.

The statement was made on Friday by Bizuneh Tolcha, Director of Ethiopia Public Relations and Communications Directorate, who also said the facility located on the fringes of Ethiopian capital Addis Ababa is 92.6 percent complete so far.


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May 14, 2017


CEO of Algeria's Sonatrach urges simplifying business, focus on output

The new chief of Algeria's state energy company Sonatrach has urged employees to simplify bureaucracy, and focus on the core business of production as the North African state deals with lower oil prices, an internal company letter shows.

The message from new CEO Abdelmoumen Ould Kadour was sent to Sonatrach employees just over a month after he took the job as the oil giant's sixth chief executive in seven"...

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May 13, 2017


Festival City's IMAGINE Show with Panasonic Projectors Receives Second Guinness World Record 

(ME NewsWire)-- Guinness World Records recognized IMAGINE, the latest multimedia attraction in Dubai, for the World's Largest Permanent Projection Mapping after a three-month successful run, using over 60 Panasonic projectors covering approximately 4,857 square meter of projection area on the facade of InterContinental Dubai Festival City.

[Video] Projection Mapping with Panasonic Projector - Dubai"...

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May 13, 2017


TSYS Signs Payments Agreement with QIIB 

(ME NewsWire)-- TSYS (NYSE: TSS) announced today that it has signed an agreement with Qatar International Islamic Bank (QIIB) to license PRIME 4, the latest version of TSYS’ future-focused PRIME payment solutions platform.

QIIB is an award-winning Islamic bank that will leverage PRIME as a consolidation platform to manage all of its card issuing and multi-channel acquiring. By migrating to PRIME,"...

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May 12, 2017


Dynamic Spectrum Alliance Global Summit 2017 Successfully Concludes Following Discussion on Investment in Broadband Infrastructure 

(ME NewsWire)-- Establishing regulatory frameworks for enabling investment in broadband infrastructure across Africa was the key discussion as the fifth annual Dynamic Spectrum Alliance (DSA) Global Summit 2017 concluded yesterday in Cape Town, South Africa. The three-day event brought together representatives from five continents and 21 countries around the world, including policy makers, regulators, academia, and public and private sector representatives with first-hand experience developing and implementing a range of spectrum sharing regimes. “Research from A4AI notes only half of the world (53%) will be connected by 2020, which leaves almost half of the world unconnected, and the United Nations Broadband Commission says being connected is now a basic human right,” commented Professor H Sama Nwana, Emeritus Executive Director, Dynamic Spectrum Alliance, who moderated the panel......

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