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AU to establish financial entity to manage climate risk
Mandated by African Union (AU) Heads of State in July 2012, delegates from 41 countries across the continent will convene on Friday at DIRCO's O.R. Tambo building to sign the African Risk Capacity (ARC) Establishment Agreement | SweetCrude
UK: No 2030 decarbonisation target in Energy Bill
Government has revealed that the upcoming Energy Bill will not include a decarbonisation target for 2030. Instead a decision on whether to legislate for a 2030 decarbonisation target will be taken after the next election in 2016 | Solar Power Portal
Ahmadinejad vows to complete Pakistan gas pipeline by 2014
AFP reports that Iranian President Mahmoud Ahmadinejad Thursday vowed to complete a multi-billion dollar gas pipeline to Pakistan on time, downplaying financial woes and US pressure on Islamabad to scrap the project | Oil & Gas Eurasia
Nigeria: Monarch warns Pan Ocean over location of flow station
THE Obi of Abavo kingdom in Delta State, HRM, Uche Irenuma 11, has warned the management of Pan Ocean Oil Corporation, not to cause crisis in the 56 oil producing communities in Delta North Senatorial District of the state by ensuring that the proposed flow station is sited in Obiayima community as earlier agreed | SweetCrude
FOLLOWING the controversy surrounding the Petroleum Industry Bill, PIB, currently before the National Assembly, and in a move to accelerate passage of the bill, the House of Representatives Committee on Petroleum Resources (Downstream) has concluded plans to hold a one-day stakeholders summit to discuss the bill and controversy around it with the aim of identifying grey areas to eliminate delays | SweetCrude
China's Oct LNG imports jump 54.9% year on year to 1.32 mil mt
China imported 1.32 million mt of LNG in October, up 54.9% from the same month last year, data released late Thursday by the General Administration of Customs showed | Platts
India to let market set ethanol price, allow imports, to meet 5% blend mandate
India's Cabinet Committee on Economic Affairs late Thursday announced changes to the country's ethanol policy that will enable the market to set the price and permit imports if supply falls short of enabling 5% blending into gasoline | Platts
Thailand's PTT Considers Building Massive Oil Refinery in Vietnam
Thailand's largest oil and gas conglomerate is considering building a massive oil refinery and petrochemical complex in Central Vietnam that would, if completed, mark an important step in the expansion of Vietnam's industrial base | Fox Business
Private firms take over Nigeria’s power generation, distribution next year
NIGERIA’s Bureau of Public Enterprises, BPE, will from the first week of December till January 2013 hold negotiations with the five preferred bidders for the nation’s power generation companies and 10 for the distribution companies | SweetCrude
TRANSACTIONS
BioTherm Energy announces financial closing of three South African solar and wind energy projects
BioTherm Energy (Johannesburg, South Africa), a leading renewable energy developer and independent power producer, announced that it has closed on the financing of one wind energy and two solar photovoltaic (PV) projects located throughout the country | Solar Server
Los Angeles City Council approves power purchase agreement for 250 MW PV plant on native land in Nevada
Nevada Senator Harry Reid commended the Los Angeles City Council’s unanimous decision to approve a 25-year power purchase agreement (PPA) with K Road Moapa Solar (San Diego, California, U.S.) | Solar Server
ARTICLES
Ghana should learn from bitter experience in oil industry – Researcher
Ms Mary Akosua Togbe, a researcher at the Labour Research and Policy Institute, has noted that the late entry onto the oil producers’ map gives Ghana an advantage to learn from the mistakes of other countries | ROG
Informing the people – oil contracts demystified
Think of the oil industry and, along with spills and environmental problems, many people think of secrecy and corruption. But transparency is increasing, albeit from a low base and poor historical record in the area | ROG
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