Energy

The 4th WG Industry will be held in Bali, on October 2008

Jakarta, Indonesia, September 09, 2008

At the 6th Summit of the Developing Eight Countries on July 2008 in Kuala Lumpur Malaysia, the Heads of State/Government of Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey reiterated their commitment to carry on the ideas of economic ...

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D-8 will cooperate with UNIDO-ICHET on learning and developing Hydrogen Energy Technologies

Istanbul, Turkey, September 09, 2008

The developing world will soon catch up and overtake the developed world in terms of energy consumption and greenhouse gas emissions because of higher rates of increase of energy demand. If the developing world is to follow the example of ...

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Iran allocated $33b to industry & mining combination plan

Tehran, Iran, August 31, 2008

The Iranian minister of industries and mines announced in Tehran last week that over 300 trillion rials (some $33 billion) has been allocated to the industry & mining combination national plan. According to Mehr News Agency, Ali-Akbar Mehrabian added that ...

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SG: Turkey’s Boron Potency Expected to be Discussed in D-8 1st Working Group on Mines Cooperation

Istanbul, Turkey, August 24, 2008

Turkey dominates world boron market, becomes price-settler. The increasing significance of boron in a wide variety of industries has made Turkey a leader in determining market prices, industry representatives have said. Orhan Yilmaz, general manager of Eti Mine Works — a ...

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Malaysian IJM Plantations plans RM600mil capex for Indonesian ops

Kuala Lumpur, Malaysia, August 23, 2008

Malaysian IJM Plantations Bhd plans to invest RM600mil in capital expenditure to expand its Indonesian operations. Chief executive officer and managing director Velayuthan Tan said the investment would be staggered over six to seven years. “So far, we have spent RM50mil, ...

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Egypt explores 14 oil exploration projects

Cairo, Egypt, August 20, 2008

Looking to expand Egypt’s natural gas and petroleum production, the Ministry of Petroleum of Egypt announced yesterday its plan to conduct and international tender that will lead to greater offshore drilling in the Mediterranean Sea. The Ministry announced that its ...

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Malaysia, Indonesia To Use Palm Oil Surplus To Produce Biodiesel

Kuala Lumpur, Malaysia, August 08, 2008

Malaysia and Indonesia Monday agreed to use the surplus from their palm oil stockpiles to produce biodiesel as part of the mechanism to boost the palm oil price. Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui and Indonesia’s ...

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Nigerian Global Biofuels announces $750 million investment in sweet sorghum ethanol project

Abuja, Nigeria, August 06, 2008

Global Biofuels Limited, the first biofuels refinery in Nigeria, endorsed by the Nigerian National Petroleum Corporation (NNPC), has committed  the  sum of $750 million to ethanol project in the country. Global Biofuels has committed the fund to the first series ...

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Agreement for grain and fertiliser terminal signed in Pakistan

Karachi, Pakistan, August 04, 2008

National Bank of Pakistan, acting as transaction Lead Advisor and Arranger and Bank Al Falah as Co Arranger, along with a consortium of banks, signed the Financing Agreements for Rs.6.52 billion with Fauji Akbar Portia Marine Terminals (FAP), a joint ...

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Nigeria could learn from other D-8 member states experiences in developing microfinance industry

Abuja, Nigeria, August 04, 2008

As microfinance activities get entrenched, lack of good and capable human resources are considered the leading factor affecting its operations the world over. In Nigeria, findings show that lack of good and capable human resources is affecting not only the ...

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