Month: April 2008
Adnoc’s unit eyes 1m bpd output by 2019
Adnoc’s unit eyes 1m bpd output by 2019
(Bloomberg) 5 April 2008
ABU DHABI — Abu Dhabi National Oil Co.’s offshore unit will raise output by two-thirds to 1 million barrels a day by 2019, said Ali Al Jarwan, general manager of the state-owned company known as Adnoc.
Abu Dhabi Marine Operating Co., in which Total SA, BP Plc and Inpex Corp. subsidiary Japan Oil Development Co. are shareholders, will raise output by 50 per cent within the next few years,” Al Jarwan said in an interview in the latest issue of the company’s Adnoc News magazine.
Adnoc plans to double gas production to supply the domestic
network, Al Jarwan said, without saying what current output is.
The United Arab Emirates produced 2.56 million barrels a day of oil in February according to Bloomberg data.
Total confirms partial stake by Chinese state-owned fund
Total confirms partial stake by Chinese state-owned fund
Bloomberg Published: April 04, 2008, 21:06
Paris: Total SA, Europe’s third-largest oil company, said a Chinese state-owned fund acquired a stake.
“A Chinese state-owned fund has built up a stake gradually over the past few months,” Total spokes-woman Patricia Marie said by phone on Friday from Paris. She declined to identify the fund or provide the size of the holding.
The Financial Times reported China’s State Administration of Foreign Exchange built up 1.6 per cent in Total, citing an unidentified person close to the Paris-based company.
Marie said Total welcomes the Chinese investment as a way to “diversify our shareholding and open up to China”.
“A stake in a multinational oil company like Total would give a reasonable return to the Chinese and is a good long-term investment,” Victor Shum, senior principal at Purvin & Gertz Inc. in Singapore, said on Friday.
Dubai’s landmark goes up in smoke
Dubai’s landmark goes up in smoke
By Amira Agarib and Riyasbabu (Our staff reporters)KHALEEJ TIMES 3 April 2008
DUBAI — More than 180 shops in the three-decade-old Naif Souq in Deira, popularly known as ‘cabin market’, were reduced to ashes, following a massive blaze in the early hours of yesterday. No casualty or injury was reported, officials said.
The fire gutted 184 shops of the 190 shops in the souq, Salim Zayed, Head of Market Control Section of Dubai Municipality, said.
The losses, according to market sources, are expected to run into millions of dirhams.
Fire experts are investigating the cause of the fire. Naif Souq, a popular shopping centre for traditional goods, mainly clothes, readymade garments, toys, bags and fashion accessories, went up in flames around 1.50am.
The police and Civil Defence officials reached the site immediately and struggled for hours to contain the fire. They managed to do so before it could spread to shops and the buildings in the densely populated area.
A large number of shop owners watched helplessly as the fire raged on.
Anwar, 35-year-old Afghan owner of shop No. 334 in the souq, collapsed at the site of the blaze. He is said to have lost goods worth Dh100,000.
Firefighters from Al Ras Civil Defence reached the scene at 1.58am. Firefighters from other civil defence stations, including Al Hamriya, Karama, Ghusais and Jebel Ali joined them later.
The blaze caused panic in the densely populated Naif area as thick smoke billowed as flames spread.
Eyewitnesses said hundreds of shops, mainly housed in wooden portakabins stocked with garments, toys and perfumes, went up in flames in a matter of minutes.
A Civil Defence officer said the fire might have started due to a short circuit in the electricity control panel located near gate No. 5 of the souq.
Major-General Khamis Mattar Al Mazina, Deputy Commander-in-Chief of Dubai Police who was present at the site, said the forensic experts are investigating.
Officers of Naif police station are in talks with shop owners to assess the material losses. The police have ordered the owners of unaffected shops in the souq to remain closed till the investigations are completed.
A Dubai Municipality market inspector revealed the market was in good condition and that the municipality carried out periodical inspections and routine checks on the safety measures.
He said they carried out maintenance works regularly at the cabin market building. “The only problem faced by the souq building was its narrow passages and lack of air-conditioning system.’
He said the municipality had insured the building and it might build a modern market soon.
Major Khalid Obaid Kanoon, Director of Firefighting and Rescue Operations of Diera district, and Major Juma Salem, Director of Firefighting and Rescue Operations of Bur Dubai, and a number of officers from various stations joined the firefighting operation.
The entire operation which lasted till morning was supervised by Colonel Ahmed Obaid Al Sayegh, Acting Director of the Dubai Civil Defence.
We will have to change eating habits, say residents
We will have to change eating habits, say residents
By Binsal Abdul Kader, Staff Reporter GULF NEWS Published: April 03, 2008, 00:05
Abu Dhabi: Residents are annoyed by the expected rise in prices of rice and pulses due to an export ban by India and Pakistan.
South Indians are especially unhappy as they cannot do without their staple food, non-basmati rice. “Although I am a diabetic, I cannot avoid eating a small amount of rice, even if it is against my doctor’s advice, said Ansar Chirayinkizh, an Abu Dhabi resident from Kerala.
“I think most South Indians are in the same position. A price rise will affect their monthly budget badly,” he said
Lakshmi Ashok, a Keralite housewife who has been living in Sharjah for the past 12 years, said her family will miss their favourite “Palakkdan Matta”, a non-basmati rice from Kerala. “We may try alternatives like Thai rice or switch to other dishes using wheat flour, but that too will get more expensive,” said Ashok.
Dr Shemeema Abdul Nazer, a Dubai resident from India, said eating rice may become less frequent among her compatriots due to the price rise. “Bachelors are already changing their food habits.”
Some Indians have also begun to avoid rice for medical reasons such as diabetes, as rice contains a high amount of carbohydrates, said the doctor.
A Sri Lankan family in Dubai said they might also try alternatives to non-basmati rice.
“Nowadays we have rice for both lunch and dinner, but we might be compelled to switch to other alternatives,” said Nishantha Perera, a human resources manager in Dubai.
Abdul Rahman Fatahulla Al Marzouqi, an Emirati in Abu Dhabi, said he could not do away with rice, even if the price goes up.
Sabahath, a Pakistani teacher in Abu Dhabi, said she reduced the frequency of eating rice to once a week due to the price rise. “Now people like me might further reduce it to twice in a month,” she said.
Camels take to catwalk in desert fashion show
Camels take to catwalk in desert fashion show
By Marten Youssef, Staff Reporter GULF NEWS Published: April 03, 2008, 00:05
Abu Dhabi: More than 10,000 pure-bred camels “took to the catwalk” in Zayed City on Wednesday as a part of the 2008 Mazayin Dhafra Camel Festival.
At the event in the Western region, the desert became a fashion show for camel owners to showcase their animals.
With more than Dh35 million and 100 cars as prizes, the Abu Dhabi Authority for Culture and Heritage, the organisers of the event, are promising this will be the biggest and most comprehensive camel festival the Arab world has ever seen.
The nine-day festival will end on April 10 and is being held under the patronage of General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
Competitors who come from across the Gulf are restricted to a set of rules and guidelines in entering the competition.
competitions with different categories that depend on age, gender and type. There are two different types of pure-bred camels: the Asayel and the Majahim. The Asayel are the lighter skin-coloured camels and the Majahim are the darker camels, which are very common in the Gulf region.
Part of our lives
Rashed Gaber Al Manhali is the president of the judging panel and arguably one of the finest camel experts in the UAE. Raised as a Bedouin, Al Manhali developed a passion for camels at the age of 10 and owns more than 80 camels himself.
Sitting cross-legged under a Bedouin style tent to shade him from the blistering 39 degree heat of the desert, Al Manhali shared his criteria for judging camels.
“There are five judges for today’s session and we are looking for specific things in a camel. The beauty of the face, the length of the neck, the size of the chest, the hump, the purity of colour, the silkiness of the hair and the size of the muscles,” the 55-year old Abu Dhabi native said.
“Camels are the most magnificent animals. For centuries, our people have used them to make pilgrimages to Makkah and to travel long distances. So this event is not just about showing off our camels but to pay homage as playing a significant part in our life and in our ancestors’ lives,” he adds.
The first winner of the festival was announced early yesterday afternoon. Police officer Mohammad Ali Al Docery, from Qatar walked away on the first day having won first and sixth place for his two camels.
“I won two cars with both of my camels,” says the 40 year-old police officer who entered more than 10 of his camels in the competition.
The event is truly a festival that is about much more than camels.
The economic impact of the festival is being felt throughout the region. For Umm Nasser, who came all the way from Qatar to sell camel accessories and beautification items, this is a great moment.
“I am a Bedouin,” she proudly says lifting up her head to show her pride.
Celebration
“This is a celebration of my people…My husband is here to compete with his camels so I came along,” she said sitting under tent number 29 and inviting all passers-by to experience Bedouin hospitality.
Umm Nasser is hopeful she will make a lot of money over the next nine days. The festival is also expected to increase the price of camels.
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