Angola: Conference/Fair in Luanda on energy and water (25-27 Sept)
The Angolan Minister for Energy and Water has convened an International conference for 25-27 September whose various topics will include:
– priority government and local authority water and energy projects
– current status of and future prospects for solar, wind and hydraulic power
– energy-efficient construction
– water treatment cycles
– eco-tourism and natural reserves management
Turkey: Ferrero to produce Kinder and Nutella in Manisa
The Ferrero firm recently opened a new plant in the industrial area of Manisa, approximately 40 km from Izmir, in the presence of Deputy Minister for Economic Development Carlo Calenda. Turkey is the world’s largest producer of hazelnuts and top supplier to the Ferrero firm.
(infoMercatiEsteri)
ENEL prepares to issue hybrid bonds in the US
Banking sources at Radiocore reported that ENEL is considering the issuance of 60-year bonds, redeemable in the tenth year, valued at from 500 million to 1 billion USD. Institutions involved include Barclays, Bank of America, Merril Lynch, City, Credit Suisse, J.P. Morgan, Morgan Stanley and Mitsubishi Ufj
(Il Sole 24 Ore Radiocor)
Greece: 6 years to return to pre-crisis status (Samaras)
Greek Premier Antonic Samaras asserted that it would take 6 years for Greece to return to its pre-debt crisis status, recalling that “serious errors were made in the first programme” of 2012-2012.
(Il Sole 24 Ore Radiocor)
EU 27: automotive market at lowest ebb since 1990 (January-August)
Cumulative results for the 27-member European automotive market for the period of January-August 2013 showed the lowest levels since 1990, according to UNRAE in a communiqué citing the sole positive performance of the UK among the Big Five.
(Il Sole 24 Ore Radiocor)
Libya: oil production recovering
Oil production in Libya is gradually returning to normal levels with the recovery of some key sectors, according to Deputy Oil Minister Omar Shakmak, who spoke to the Wall Street Journal. The deputy minister explained that production in the country’s largest oil field – the Sharara, under the management of the Spanish firm Respol – had surpassed 500,000 barrels a day, but that this level was only one-third of Libya’s normal oil production. Shakmak said that another “giant” field – the ENI Elephant – was also gearing up.
(Il Sole 24 Ore Radiocor)
