Monthly Archives: December 2015

Economic projections of ECLAC for 2016 on Latin American economy

18/12/2015 source “American Economy” Impacted by a complex international scenario, the economies of Latin America and the Caribbean will grow just 0,2% next year, according to the annual Preliminary Overview of the Economies of Latin America and the Caribbean 2016 by ECLAC (the regional body of the United Nations). In the uncertainty about the world…

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Kitan oilfield in East Timor reached its end

16/12/2015 source “MacauHub” The oilfield Kitan, one of the projects of the Joint Petroleum Development Area (JPDA) in the Timor Sea, reached the end of its useful life, said a source from the Italian oil group ENI, the operator of the field. After producing about 60 million barrels, the well ended “faster than was expected”,…

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International Energy Agency predicts excess of oil until 2016

11/12/2015 source “American Economy” The International Energy Agency (IEA) said that world markets will be oversupplied by the end of 2016 due to the decrease of the demand and the increase of the delivery by the Organization of Petroleum Exporting Countries (OPEC). According to the predictions of the entity, the situation, which is already complex,…

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Sonangol granted the oil rights for 4900 square kilometres

11/12/2015 source “Macau Hub” The Angolan government has granted to the Sociedade Nacional de Combustíveis de Angola (Sonangol) rights on development operations and production of hydrocarbons in a deep water area with 4900 square kilometres. The decree grants the state-owned Sonangol the rights to develop and produce hydrocarbons in an area of ​​88.8 square kilometres…

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Gamesa to build a park in Mexico to supply power to two Volkswagen plants

11/12/2015 source “El Economista” Gamesa signed a “turnkey” contract with the promoters Mexico Power Group and First Reserve for the construction of the La Bufa Park, located in central Mexico (Zacatecas state), according to information released today by the company. The park will have a total installed capacity of 130 megawatts (MW) and the energy…

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South Korea seeks cooperation in energy industry with Brazil and Peru

08/12/2015 source “American Economy” South Korea seeks to strength the cooperation in energy industry sector with Brazil and Peru to expand its economic presence in Latin America, reported today the country’s government. The Ministry of Commerce, Industry and Energy announced that an official delegation will start this week a visit to these two South American…

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Portugal puts 11 million Dollars available to SMEs in Mozambique

07/12/2015 source “Macau Hub” Small and medium Mozambican companies have at their disposal a fund of 11 million Dollars (with an interest rate of about 11%, after being applied the bonus), said last Friday in Maputo the General- Director of the Institute for Small and Medium Enterprises Promotion (IPEME), Claire Zimba. This fund is the…

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Sweden supports Mozambique with 500 million Dollars in 5 years

04/12/2015 source “Lusa” Sweden will disburse 500 million Dollars to support development projects in Mozambique over the next five years, announced yesterday in Maputo the Ambassador of Sweden in Mozambique, Irina Schoulgin Nyoni. The amount includes direct support to Mozambique’s State Budget and will support projects related to sustainable development, the environment, the democracy and…

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Angola: juridical and legal framework facilitates private investment

01/12/2015 source “Angop”   The Angolan minister of Industry, Bernarda Martins, called on potential investors to join the Angolan government’s efforts to diversify the national economy through private investment, stating that the current legal framework in the country facilitates private investment, especially in the agribusiness area.   The minister was speaking in Vienna at the…

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Mozambique and South Africa joined by new pipeline

  01/12/2015 source “MacauHub” The South African petrochemical group Sasol and the governments of South Africa and Mozambique will invest 120 million Dollars to build a new pipeline, with entry into operation scheduled for 2017. The announcement was made by the company Republic of Mozambique Pipeline Investment Company – ROMPCO, which is a partnership between…

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