Tag Archives: Economic

Crude oil swaps with Mexico could provide economic and environmental benefits

September 10, 2015 Source: U.S. Energy Information Administration, based on Chevron crude assay library Note: Kerosene includes a small amount of distillate and naphtha material. U.S.-Mexico crude oil swaps approved last month by the U.S. Department of Commerce’s Bureau of Industry and Security will likely involve exchanges of U.S. light sweet crude for Mexican heavy […]

Egypt: Petroleum Minister – Energy Is Essence of Economic Development in Egypt

Petroleum Minister Sherif Ismail said that energy represents the essence of economic development in Egypt. The Minister pointed out that the exceptional circumstances witnessed by Egypt during the past four years created a temporary gap between the production and consumption of natural gas and petroleum products. Ismail stressed that there is a clear vision to […]

Angola: Dos Santos Decorates Palace As Economic Crisis Deepens

analysis By Rafael Marques De Morais As Angola’s economic crisis deepens, the country’s president has given priority to the construction of a war memorial at an estimated cost of US $ 72 million, and a further US $ 73 million going to a phantom category of “non-specific religious affairs and services”. These projects fall under […]

Oil and currency markets reflect expectations for lower global economic growth

November 20, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: The U.S. dollar index measures the value of the U.S. dollar against a basket of six currencies’ exchange rates: the euro, Japanese yen, British pound, Canadian dollar, Swiss franc, and Swedish krona. An increase in the index means the dollar is appreciating against […]

Nigeria: USA Investing in Nigerian Economic Development, Solar Power

press release Abuja, Nigeria — With a commitment to boost electricity supply in Nigeria, President Goodluck Ebele Jonathan and the Federal Government are on track to restore uninterrupted power supply to Nigerians and to complete ongoing independent power projects spread across the country. To boost this effort, the Nigerian Ministry of State for Power submitted […]

Africa: Climate Action and Economic Growth

Photo: Climate demonstration (file photo) analysis Editor’s Note It is still conventional wisdom to pit action to curb climate change against economic growth. But the evidence is rapidly accumulating that this is a false dilemma, buttressed by vested interests in the fossil fuel industry and a simplistic concept of economic growth. According to a report […]

South Sudan: Chinese Economic Engagement Continues Amid Conflict

analysis By Zhou Hang China’s economic engagement with South Sudan, the world’s youngest country, is growing rapidly since the latter’s independence in 2011. According to the Chinese and South Sudanese official statistics, around 100 to 140 Chinese enterprises currently operate in South Sudan. Since 2008, they have concluded agreements worth about 10 billion USD with […]

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