Monthly Archives: March 2016

Angola LNG sells natural gas to Électricité de France

29/03/2016 source “ANGOP” The companies Angola LNG and EDF Trading, a subsidiary of Électricité de France group (EDF), signed a contract of sale and delivery of liquefied natural gas shipments for the years 2016-2018, according to the statement released by the company in Luanda. This agreement is “an important milestone for the parties” to have…

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Galp will have its first well in Portugal in the summer

21/03/2016 source “DN” Galp will start during the next summer its first oil well in Portugal, in its plant located offshore at 80 kilometres of Sines, Alentejo, according with the information disclosed in London during the presentation to analysts last week of the investment plan of the company by 2020. This well will be exploratory,…

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Indian group hires consultant for thermal power plant in Mozambique

15/03/2016 source “Noticias” The Indian group Jindal Steel and Power plans to hire a consultant to manage the project of a thermal power plant of 150 megawatts, to be constructed near the coal mine in Chirodzi, Tete Province in Mozambique, according to the notice published by the company last week. The plant has a size…

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The President of Mexico announced facilities for new companies

14/03/2016 source “El Universal” The President Enrique Peña Nieto enacted last March 11 the reform of the General Law of Commercial Companies, noting that it will now be easier to start a business in Mexico and reiterating the government’s commitment to support entrepreneurs to create more companies and more jobs. The new system will allow…

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Franco-Angolan consortium awarded a contract for provision of services in Angola

11/03/2016 source “Angop” The consortium Technip Angola Engineering Limited, formed by the French company Technip and the National Society of Angola Fuels (Sonangol), has been awarded a contract to provide engineering services to the company Total E&P Angola for a period of three years. The contract covers the provision of services to the Production, Storage…

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The IMF highlights three ways to boost global growth

08/03/2016 source “El Financiero” The International Monetary Fund (IMF) says that, before the growing concerns about the risks of volatility in financial markets and the fall in commodity prices, it is imperative to focus on three ways to boost the health of the global economy: monetary, fiscal and structural policies. In addition, it requires the…

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Sacyr awarded a project 1,200 million dollars a desalination plant in Oman

08/03/2016 source “El Confidencial” The Spanish construction company Sacyr through Valoriza Agua, its subsidiary for water cycle management, entered the Omani market with the award, through a consortium, of a project for the construction and management of a seawater desalination station in Sohan, in the Batinah coast, according to a press release of the company.…

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The tunnel project to link Denmark and Germany receives Danish approval

07/03/2016 source “Ritzau” The Danish Parliament approved last Friday the construction plan of the tunnel project “Fehmarn Belt” that connect the country with Germany. Despite the delays, the majority of Parliament agreed to continue with this project widely expected. The tunnel, which will be 18 kilometres long, will connect the German island of Fehmarn with…

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Dubai consortium builds hotel complex in Cape Verde

04/03/2016 source “A Semana” A consortium based in Dubai and formed by investors from Austria, Germany, Italy and the United Arab Emirates (UAE), will invest about 70 million Dollars in the construction of a hotel complex on the island of Fogo, in Cape Verde. The five-star hotel complex designated “Aloe Vera Resort & Spa” will…

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Orascom Development plans to invest 500 million Dollars in Senegal

03/03/2016 source “Jeune Afrique” The ODH group, controlled by Samih Sawiris and specializes in hotels and integrated neighborhood development projects, promotes two major real estate projects around Dakar. The first one regards the construction program of 35,000 low cost dwellings (houses and apartments) in 400 hectares granted by the Senegalese state in the continental pole…

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Brazilian market reduces to 7,57% its inflation expectations for 2016

01/03/2016 source “Folha de S. Paulo” The financial market of Brazil reduced its inflation expectations from 7,62% to 7,57% this year, after eight consecutive rises, according to disclose the Central Bank report (BC). Despite the reduction, the forecast keeps above the official target of 4,5. For 2017, the estimation is 6%. Regarding the Gross Domestic…

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