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GCC: A Reliable Partner in Energy Supply
Saudi Oil minister Ali bin Ibrahim Al-Naimi believes that future demand for oil will remain strong, despite the difficult global economic situation. Speaking at the opening session of the Doha Energy Forum on April 1st he said, “The expectations of
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France and the Changing Face of Economic Power
The recent statement by France’s minister for industrial Recovery is not going to help France to continue to attract investment from the growth economies. Minister Arnaud Montebourg told French business daily Les Echos that, “We no longer want Arcelor Mittal because
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IMF | Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries
Executive Summary The already sluggish global recovery has suffered new setbacks and uncertainty weighs heavily on prospects. The euro area crisis intensified in the first half of 2012 and growth has slowed across the globe, reflecting financial market tensions, extensive
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DESERTEC: Clean Power From Deserts
By Michael Düren Solar power from deserts can contribute significantly to a future renewable energy system. The technically accessible solar potential in deserts exceeds the global energy demand by a factor of 20. In the DESERTEC concept, a smart super
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LEX Africa: The Changing Face of Power in Africa
By Greg Nott, director at Werksmans Attorneys, South African member firm of Lex Africa No longer the “dark continent”, Africa is shedding light on investors’ quest for new sources of energy. Recent oil and gas finds, coupled with renewable energy
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Brazil Oil Leak to Cost Chevron $25 million
Brazil’s National Petroleum Agency said Thursday that Chevron Corp. will be fined nearly 50 million reais (approximately $25 million) for an oil leak at an offshore field last November. The U.S. oil producer was found to have committed 25 rules
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BRIC Stocks Now Out of Favour … Later to Be an Incredible Investment Opportunity
With BRIC stock valuations currently low and yet with strong long term projected growth a great buying opportunity may materialize at some point going forward. Meanwhile, attractive dividend yields of 4%-5% and more are available. The “BRICs” – Brazil, Russia,
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Ugandan Oil PLC is Off the Starting Blocks
It looks like Uganda and some of the oil companies involved are finally about to reap the rewards that will help transform the Ugandan Economy and some of the companies involved. Investors have been given the go-ahead to tap into
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Gold Becomes Peru’s Main Export Item in the First Quarter of 2012
Peruvian gold sales totalled 2.57 billion dollars in the first quarter of this year, making the commodity the country’s top export, the National Mining, Petroleum and Energy Society, SNMPE, announced. Total exports of gold soared 30% last year reaching 10.1bn
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The Race by Brazil’s New Oil Tycoons
The race is on between Brazil’s billionaire oil tycoons, Antonio Augusto de Queiroz Galvao, Marcio Rocha Mello and Eike Batista to see who will come out ahead in the race of extraction in Latin America and Africa. But it is
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