World Bulletin/News Desk
Egypt's ministers of electricity and industry announced Sunday that Egypt has plans to depend on coal to generate electricity and power cement factories.
Minister of Electricity Ahmed Imam said the Cabinet's Higher Committee for Energy had asked the Environment Ministry to consider the environmental effects of using coal to generate electricity and operate cement factories.
He said the state-run Egyptian Electricity Holding Company, the main government agency responsible for the generation of electricity, had approved three potential locations for the construction of Egypt's first coal-powered electricity station.
He added that the three locations included Oyoun Moussa, northeast of Egypt, West of Damietta, in the north of the country, and Safaga, in the east.
"All these locations are suitable for this type of projects, which need major space for the storage of coal and the establishment of ports for coal imports," the minister told the Anadolu Agency via phone.
He said to be cost-effective, coal-powered electricity stations have to have a generation capacity of between 3,000 to 5,000 megawatts.
Meanwhile, Minister of Trade and Industry Mounir Fakhri Abdel-Nour said on Sunday that his ministry is taking measures to use coal in fuelling several factories, including cement plants.
"There is coordination with the Environment Ministry on the environmental specifications for the use of coal in powering factories," Abdel-Nour said.
He added that the use of coal in these factories would save around 450 million cubic meters of natural gas that can be used in powering new industrial ventures.
The raise is expected to bring Israel's civil servants' salaries up to 5,000 shekels (around $1,282) from 4,200 shekels (roughly $1,076)
Russian sanctions have hit Lithuania's transport sector, which employs around 100,000, as well as its dairy industry.
The suspension comes as South Korea is struggling to contain its own outbreak of bird flu in birds.
Austrian Chancellor Werner Faymann justified the original sanctions as "a self-defence step", but added: "Our goal cannot be tightening the sanctions."
Both the European Union and United States adopted tighter restrictions on investments in Crimea this week, targeting individuals, Russian Black Sea oil and gas exploration and tourism.
Chinese Premier Li Keqiang said the offer included $1 billion for infrastructure, $490 million for poverty alleviation and $1.6 billion in special loans for China's production capacity export
Ukraine could default on its debt obligations if the situation does not change in the next few months, S&P said on Friday.
Damascus has relied on Tehran to fight its war with drop in oil price affects oil-producing Iran. Syrian traders say Damascus worried about future support
The ruble makes small gain Friday morning, but RTS index continues to contract
Norwegian energy company Statoil, which suspended 5 rigs in the last 2 months, granted $610 million for development of its gas fields
Putin earlier announced pipeline project via Bulgaria would be cancelled.
President Vladimir Putin said that Russia needed to take the opportunity to diversify its economy to protect it from external shocks.
Verdi said in a statement that workers at four of those centres had decided to continue their strike until Saturday and employees at the Graben warehouse would strike until Dec. 24.
Russia suffers as sanctions bite economy; will crisis make Ukraine conflict too costly?
EU to tighten sanctions on Crimea in time for leaders summit to send message to Russia
The Organization of the Petroleum Exporting Countries declined to cut production at a Nov. 27 meeting and, despite slumping prices, major Gulf OPEC members have since shown no sign of reversing course