Energy Update
TBILISI, Dec 14 (Reuters) - Georgia expects state revenues
and spending to rise next year amid tax reform and forecasts 4
percent economic growth in the budget passed by the parliament
on Wednesday.
WASHINGTON, Dec 14 (Reuters) - President-elect Donald Trump
on Wednesday named former Texas Governor Rick Perry to head the
U.S. Department of Energy, handing the job to a climate change
skeptic with close ties to the oil industry who once proposed
abolishing the department.
LONDON, Dec 14 (Reuters) - UK prosecutors have closed a
17-month investigation into alleged bribery and corruption at
Soma Oil & Gas, a private UK exploration company seeking oil in
Somalia, despite finding "reasonable grounds" to suspect
wrongdoing.
A consortium of banks has agreed to finance about Rs 1.60 billion (US$23.7 million) for the 10-MW Langtang Khola hydropower project on the Langtang River located in the Rasuwa district in the Himalaya region of Nepal.
LONDON, Dec 14 (Reuters) - UK prosecutors have closed a
17-month investigation into alleged bribery and corruption at
Soma Oil & Gas, a private UK exploration company seeking oil in
Somalia, despite finding "reasonable grounds" to suspect
wrongdoing.
BRASILIA, Dec 14 (Reuters) - One of Brazilian President
Michel Temer's closest aides resigned on Wednesday following
allegations he had received graft money from engineering
conglomerate Odebrecht in a widening corruption scandal that is
besieging the government.
ABUJA, Dec 14 (Reuters) - Nigeria expects its 2017 deficit
to rise to 2.36 trillion naira ($7.75 billion), President
Muhammadu Buhari said on Wednesday, as the government tries to
drag Africa's biggest economy out of recession with a budget
that foresees record spending.
Dec 14 (Reuters) - BP Plc's U.S. Lower 48 onshore
business said it would establish its headquarters in Denver,
Colorado, as it moves closer to its operating assets in the
Rocky Mountains.
TORONTO, Dec 14 (Reuters) - Canada's main stock index
retreated on Wednesday from a 19-month high the previous day as
lower oil prices weighed on energy shares, while financials also
lost ground as investors braced for the Federal Reserve's
interest rate decision.
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