Beijing welcomes Afghanistan’s active participation in the Belt and Road Initiative, a global infrastructure plan proposed by China, and is willing to push for extending the China-Pakistan Economic Corridor (CPEC) to Afghanistan, Chinese Foreign Minister Wang Yi said on Thursday as he made a surprise visit to Kabul. Wang met acting Afghan Foreign Minister Amir Khan Muttaqi to discuss political…
Read MoreDay: March 25, 2022
A brewing commodity crisis and developing countries
The United Nations has warned that Russia’s invasion of Ukraine could trigger a global famine as Moscow’s Black Sea blockade delays crucial grain exports, and stoked fears of a deepening hunger crisis in countries such as Yemen and Ethiopia. The UN’s special rapporteur on the right to food, Michael Fakhri, warned on Friday of a global famine as the result…
Read MoreMexico Facing Supply Shortfalls if U.S. Ramps Up LNG Exports, Fitch Says
Mexico’s energy system relies heavily on U.S. natural gas and this could lead to price increases and supply shortfalls if the United States focuses more on the liquefied natural gas (LNG) export market, according to analysts at Fitch Ratings Inc. If the U.S. increases gas exports to Europe as a result of Russia’s invasion of Ukraine, “Mexico could face high…
Read MorePeace pipeline
A few days back, the Iranian ambassador in New Delhi delivered a very important statement in which he said: “Iran is ready to meet India’s energy needs by launching trade in Indian and Iranian local currencies for export of oil and gas.” According to H H Ali Chegeni, Tehran is also willing to work closely with India to revive and…
Read MorePakistan in talks with Russia for LNG imports
As Russia develops the Yamal LNG project facility — Islamabad and Moscow are in talks to a multi-billion dollar government-to-government import deal. The Yamal LNG Project includes the development of the giant South Tambey (Tambeyskoye) gas field that is located near Sabetta in the Yamal peninsula in Russia. The Russian government has declared the project to be of national interest…
Read MoreSaudi Aramco oil facility in Jeddah hit by Yemeni Houthi rebel missile
A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested. A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later in the day. The news sent oil prices jumping higher,…
Read MoreAdvanced Energy Storage Technology Developed In The UAE Receives Us$20 Million Funding From Us Global Infrastructure Development Company
Burkhan International Development Corporation’s Investment in Supercap Energy StorageDeveloper Demonstrates the Growing Need for Supercap Energy Storage as an Alternativeto Chemical Batteries to Enable Sustainable Energy Transition in Delivering Infrastructureas a Service.Dubai, UAE and Washington D.C., March. 25, 2022 — Burkhan International DevelopmentCorporation (“BIDC”) today announced a US$20 million investment in Enercap Holdings Pte.Limited (“Enercap”), the holding company behind the…
Read MoreRussia announced today that starting immediately, they will begin selling natural gas to ‘unfriendly countries’ in Rubles.
This is a far bigger development than is being reported. Russia currently supplies about 40% of Europe’s natural gas, which is used to heat homes and power their grid.Current EU sanctions against Russia have conveniently excluded nat gas for this reason. There is no way for Europe to cut off such a significant portion of their own gas supply and…
Read MoreSeminar calls for crackdown against abuse of social media in Pakistan for committing harassment of woman activists, entrepreneurs
There should be effective implementation of laws to crackdown against the extensive use of social and digital media platforms for unabatedly harassing activists striving for the cause of women’s empowerment and female professionals and entrepreneurs who work to utilize their skills for the national economy. This was one of the recommendations at a seminar on women’s empowerment organised by the…
Read More