Electricity output

Brent crude futures fell 27 cents, or 0.3%, to $97.88 a barrel by 0034 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was at $91.87 a barrel, down 22 cents, or 0.2%, following a 2.4% drop in the previous session. Saudi Aramco stands ready to raise crude oil output to its maximum capacity of 12 million barrels per day (bpd) if requested to do so by the Saudi Arabian government, Chief Executive Amin Nasser told reporters on Sunday. "We are confident of our ability to ramp up to 12 million bpd any time there is a need or a call from the government or from the ministry of energy to increase our production," Nasser said. He added that China's easing of Covid-19 restrictions and a pickup in the aviation industry could add to demand. Investors are looking ahead to China economic data later on Monday for demand cues at the world's top crude oil importer. Oil prices rebounded more than 3% last week after a damaged oil pipeline component disrupted output at … [Read more...] about Oil prices ease as Aramco says ready to boost crude output

The office said that the major products Vietnam shipped to Laos included petrol, vegetables, fertilizers, clinker and cement, electric wires and cables, paper and paper products, ceramics, and garment products. Meanwhile, Vietnam mostly imported from Laos fertilizers, rubber, wood and furniture, ore and other minerals. In July alone, two-way trade hit USD 125 million, a surge of 54.1% year on year, including Vietnam’s export revenue of nearly USD 53.2 million, up 33.9%. This was the third consecutive month that Vietnam enjoyed an increase in exports to Laos, helping reduce the fall in the turnover to minus 1.6% from minus 6% in the first half of this year. In August, Vietnam expects continuous rise in exports to Laos thanks to the stable conditions of the Lao economy, the reduction in petrol prices in the world and the rising number of Vietnamese investors in Laos. Source: VNA … [Read more...] about Vietnam, Laos enjoy 24.2% rise in two-way trade in 7 months

An electrical fire broke out just before 9 a.m. (0700 GMT) during Mass as 5,000 people gathered at the Coptic Abu Sifin church in the Imbaba neighbourhood, the sources said. The fire blocked an entrance to the church, causing a stampede, they said, adding that most of those killed were children. "People were gathering on the third and fourth floor, and we saw smoke coming from the second floor. People rushed to go down the stairs and stared falling on top of each other," said Yasir Munir, a worshipper at the church. "Then we heard a bang and sparks and fire coming out of the window," he said, saying he and his daughter were on the ground floor and able to escape. Electrical fires of this kind are not a rare occurrence in Egypt; in late 2020, a fire at a hospital treating Covid-19 patients killed at least seven people and injured several others. Giza, Egypt's second-largest city, lies just across the Nile from Cairo. "I offer my sincere condolences to the families of the … [Read more...] about At least 41 killed in Egyptian church fire, security sources say

Product quarantine Nguyen Thi Thu Huong, Deputy Director of the Ministry of Agriculture and Rural Development’s (MARD) Plant Protection Department said China’s General Administration of Customs (GACC) had approved imports of Vietnamese passion fruit through seven border crossings in China’s Guangxi Province, including Huu Nghi Quan, Po Chai, Pingxiang Railway Station, Pingxiang, Dongxing, Long Bang, and Shuikou. A series of activities have been planned to promote the speedy export of passion fruit to China The two sides will assess the results of the pilot project and decide whether to sign an official protocol on plant quarantine for Vietnamese passion fruit imported into China, contributing to the development of trade between the two countries. About 6,000 hectares of passion fruit are being grown in Vietnam’s 46 cities and provinces, providing an annual output of more than 111,000 tonnes, with an average yield of 22.67 tonnes per hectare. The cultivation area … [Read more...] about Vietnam pilots passion fruit exports to China

Construction priorities are for sections Hanoi – Vinh and Nha Trang – Ho Chi Minh City. The Politburo, the country’s supreme decision-making body, is set to discuss the investment plan for the North-South express railway project in September. The project is set to be completed by 2050. Photo: Lam Anh A feasibility study conducted by the Ministry of Transport (MoT) suggested constructing a new electrified 1,435mm double-track express railway on the North-South axis with a total length of 1,545 kilometers. The high-speed rail route will be operated by an electric multiple units (EMU) train with an average speed of 320 kilometers per hour. The MoT estimated the total investment capital to be around US$58.71 billion, in which $1.98 billion would be allocated for site clearance, $31.58 billion for construction cost, $15 billion for equipment and project management, and nearly $10 billion for contingency and other expenses. To ensure the effective … [Read more...] about Politburo to review US$59-billion North-South express railway in September

In the first half of this year, Tra Vinh province has issued registration certificates to 250 businesses. Among which, there are 165 one-member limited liability companies; 45 multi-member limited liability companies; 20 private enterprises; 20 joint stock companies; and 151 affiliated units. The overall amount of registered capital hit around $169 million, and the total number of registered personnel reached nearly 3,800 individuals. There are just under 3,000 active businesses with a total capitalisation of $2.1 billion and nearly 90,800 workers. Some 44 of those businesses are foreign-invested firms. In addition, almost 500 firms and affiliated units were registered for expanded business lines, capital, and other adjustments, increasing the total extra capital to $143 million. The 48MW South Korea-Tra Vinh offshore wind power plant became operational in September 2021 According to Tra Vinh Department of Planning and Investment, compared to the same period in 2021, … [Read more...] about Tra Vinh nurtures private sector to kickstart economy