Energy Update
LAUNCESTON, Australia, May 5 (Reuters) - If you are looking
for signs that the China-led surge in iron ore and steel prices
is likely to fizzle, the fact that the share prices of producers
are lagging miles behind is a strong indicator that the
commodity rally may be shaky.
Solar industry associations in the U.S. and Europe have launched campaigns to celebrate regional milestones in solar installations.
SARAJEVO, May 5 (Reuters) - Croatia is interested in taking
part in a disputed project to expand the Paks nuclear power
plant its neighbour Hungary has awarded to Russia's Rosatom,
Croatia's Entrepreneurship and Crafts Minister Darko Horvat said
on Thursday.
LISBON, May 5 (Reuters) - EDP-Energias de Portugal
expects its net profit to grow by 4 percent a year through 2020
thanks to capacity additions at its wind energy division and a
gentle market recovery, the company said on Thursday.
CAIRO, May 5 (Reuters) - Egypt's EFG-Hermes is planning to
increase the investments it manages in renewable energy to 1.5-2
billion euros in the next two years from 730 million currently,
said Bakr Abdel-Wahab, its managing director of infrastructure
private equity.
MADRID, May 5 (Reuters) - Spanish oil company Repsol
reported better than expected first-quarter net profit
on Thursday helped by lower exploration and production costs and
a solid performance at its refining business despite lower oil
prices.
DUBAI, May 5 (Reuters) - The National Shipping Company of
Saudi Arabia has signed a 700 million riyal ($186.7
million) loan to partly-finance the purchase of three very large
crude carriers (VLCCs), the company known as Bahri said in a
bourse filing on Thursday.
RIYADH, May 4 (Reuters) - Saudi Deputy Crown Prince Mohammed
bin Salman got a standing ovation when he visited a gathering of
Saudi youth last month. Last week, after hearing about his
economic plans in a meeting with religious leaders, one of the
kingdom's most conservative sheikhs tweeted a smiling selfie of
himself with the prince.
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