Educational

Middle East air passenger demand grows below five-year

Dubai - Muslimchronicle

A slowdown in the North American market continued to weigh on Middle East carriers as the 5.5 percent overall passenger traffic increase in August was well below their 11.1 percent five-year average pace, the International Air Transport Association (IATA) said on Thursday. Middle East air freight demand meanwhile maintained their strong upward trend in August, with volumes up 14.1 percentRead more

India needs to double refining capacity by 2040 to meet fuel demand growth

Singapore - Muslimchronicle

India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said on Wednesday. India’s refining capacity must increase to 465 million tons by 2040, from about 230 million tons currently, and investments are already being made, said Shrikant MadhavRead more

IEA’s chief : Global nuclear power capacity grew fast last year

Paris - Arab Today

Nuclear power capacity grew fast last year, mainly in China, but challenges such as ageing plants and low electricity prices could hobble the sector, the head of the International Energy Agency said. Global addition to capacity in 2015 hit 10.2 gigawatts, the highest growth in 25 years, the IEA’s Executive Director Fatih Birol told a nuclear conference in Paris. “WeRead more

Iran plans crude refinery expansion

Dubai - Arab Today

Iran plans to increase its refining capacity for crude and condensate by more than 70 percent within the next four years as it works to improve the quality of fuel sold on the domestic market and wean itself off imported gasoline. Iran will raise capacity to about 3.2 million barrels a day by 2020 from 1.85 million currently by buildingRead more

Saudi Arabia to Maintain Crude Production Capacity

Riyadh - QNA

Saudi Arabia will maintain the same level of crude production capacity until 2020 under the National Transformation Program (NTP). Saudi Arabia will keep output capacity at 12.5 million barrels a day in 2020, according to a draft of the NTP. The program calls for the country to produce 4% of its power from renewable energy sources in 2020 and cutRead more

KSA to maintain crude production capacity

Riyadh - Arab Today

Saudi Arabia will maintain the same level of crude production capacity until 2020 under the National Transformation Program (NTP). Saudi Arabia will keep output capacity at 12.5 million barrels a day in 2020, according to a draft of the NTP. The program calls for the country to produce 4 percent of its power from renewable energy sources in 2020 andRead more

Market forces must guide industrial capacity

Beijing - Xinhua

China will continue to cut excess production capacity, but will rely on market forces, not government-set targets, to do so, Finance Minister Lou Jiwei said on Monday, as an annual high-level dialogue between China and United States kicked off. Speaking at a press briefing, Lou said China has attached great importance to cutting industrial overcapacity, and that measures have beenRead more

25% increase in power capacity in 2015

Cairo - MENA

A presidential media report said that electricity capacity witnessed a 25-percent increase in 2015 and that 3,852 MWs more would be added to Egypt's power grid in 2016. The national electricity project will cost the state EGP450-500 billion, including an urgent plan to add 2,600 MWs at a cost of EGP 26bn, the giant Siemens power plan at EGP 80bn,Read more

China allocates 100Bn Yuan to cut industrial capacity

Beijing - QNA

China will make 100 billion yuan about (15.3 billion US dollars) of subsidies to steel and coal companies cutting capacity, China's Ministry of Finance said Wednesday. The funds will mainly be used to resettle laid-off workers, the statement said. Mergers, acquisitions, debt restructuring and bankruptcy should guide the exit of weak steel and coal companies that cannot make aRead more

Egypt seeks to expand capacity of airports to 75.5 million passengers by 2020

Cairo - MENA

Egypt owns 22 local and international airports and seeks to expand the absorptive capacity of its airports, said Aviation Minister Sherif Fathy. The ministry’s plan aims to reach 75.5 million passengers by 2020, compared to the current 47 million, through developing and expanding airports, Fathy added during the opening of the Airports Council International(ACI) Africa's Regional Conference on Monday. Fathy,Read more