Pharos Energy Lowers 2020 Egypt Guidance As Activity Scaled Back
Pharos Energy PLC said Tuesday it has continued production operations in Vietnam and Egypt for the first quarter of 2020 despite the global virus pandemic, however guidance for 2020 has been affected, with lower output anticipated from Egypt. For the three months to the end of March, the oil & gas firm reported net working […]
Solar photovoltaics equipment market in Vietnam is forecast to cross $ 3.7 billion by 2025
Solar photovoltaics equipment market in Vietnam is forecast to cross $ 3.7 billion by 2025. Growth in the market is anticipated on account of increasing electricity demand from industrial, commercial as well as residential end user segments. With favorable initiatives taken in the solar sector by the Government of Vietnam, an increasing number of investors […]
India suspends 39 import licenses for refined palm oil
India has suspended 39 licences to import 452,303 tonnes of refined palm oil after a surge in duty-free purchases from neighbours such as Nepal and Bangladesh which are not key producers, government and trade sources told Reuters. The suspension could reduce India’s palm oil imports in the next few months and pressure Malaysian palm oil futures […]
House approves revised Mining Law amid outcry
As the country grapples with the COVID-19 crisis, lawmakers have approved a controversial revision of the 2009 Coal and Mineral Mining Law, despite outcry from civil society organizations. The new law, aimed at developing Indonesia’s downstream mining industry and increasing economic growth, will allow miners to extend permits through a simpler and centralized bureaucratic process.
Energy, utility companies cut costs to survive slumping demand
State-owned energy and utility companies are taking measures to cut expenditure and diversify their businesses to survive while the COVID-19 pandemic is battering demand. With large scale social restrictions (PSBB) in place in major cities, businesses and industries have shut operations and subsequently reduced energy consumption.
With new law, Indonesia gives miners more power and fewer obligations
JAKARTA — Indonesia’s parliament has passed a controversial bill that effectively gives miners bigger concessions and longer contracts, with fewer environmental obligations. Activists have slammed the May 12 passage of the bill, saying it will lead to unbridled exploitation by a mining industry that has already laid waste to large swaths of forest, polluted waterways, and disenfranchised local communities.
Expanding Costs for The Biodiesel Program
Before decisions regarding organizational regulations and work procedures of the Indonesian Sustainable Palm Oil (ISPO) Steering Committee could even be made, the coordinating ministry for the economy was facing a new task closely related to the matter of palm oil.
Laos pushes ahead with sixth Mekong River dam project
BANGKOK, May 11 (Reuters) – Laos has submitted plans to build a new hydropower dam on the Mekong River, with construction expected to start later this year, the Mekong River Commission (MRC) said on Monday. The Sanakham hydropower plant, with an estimated cost of $2.073 billion, will be developed by Datang Sanakham Hydropower company, a subsidiary […]
