"Never thought to leave, even in the most critical moments", so Claudio Descalzi, CEO of Eni said in an interview with the Italian newspaper L’Avvenire, regarding a possible abandonment of Libya.
"Eni provides 100% of the gas for electricity generation and 50% for domestic users," he added Descalzi. "We guarantee the energy to all parties, but especially to the entire population. If we left, we do a disservice to the country."
Saudi Arabia does not intend to change its oil policy. Assures the new Minister of Energy, Industry and Mining Resources, Khaled al-Faleh, who took over from veteran Ali al-Naimi said Riyadh and "strengthen its more reliable energy supplier position world". Analysts at the time, waiting for the reaction of the markets.
In office since 1995, the former minister has been replaced by the Minister of Health and Chairman of the Aramco oil giant, al-Falih: the shift goal of such an important minister in the Arab country is to improve the fortunes of the economy hit hard by the collapse in oil prices.
The European Bank for Reconstruction and Development (EBRD) has decided to allocate 14 million euro gift to small and medium Tunisian enterprises in order to be eligible for various types of technical assistance: consulting, marketing strategy of products, management human resources, the ISO quality system. This was announced by director of the national program to support SMEs of Berd, Anis El Fahem. The business receiving the aid are those created by at least two years and with a turnover of at least EUR 50,000.
The government of Saudi Arabia is ready for the creation of a sovereign wealth fund that would make it independent from oil, Mohammed ben Salmane, the deputy crown prince, revealed in an interview with Al-Arabiya television, which include measures. They will be realized by 2030: almost 15 years when the whanabita regime wants to create "the world’s largest sovereign wealth fund", with a budget that exceeds $ 2 trillion (about 1780 billion Euros). In the case of the amount of achievement, would beat the "treasure" that accompanies the Norway’s sovereign fund, which currently has just under 870 billion dollars of investments around the world.
Iraq is carrying out the project to issue government bonds worth 2 billion dollars in the next three months, focusing on international aid that will lower the costs of borrowing, said Ali al-Alak, governor of the Iraqi Central Bank, in an interview yesterday in Baghdad reported by Reuters.
Iraq – said the governor – hopes that the yield decreases to 5% from 11% initially requested by investors. There is in fact a precedent that had scuppered a similar attempt: October 2015 Baghdad had canceled a dollar bond issue Americans for not paying a yield of 11 percent. This time the operation – which should be handled by some banks including Standard Chartered, Deutsche Bank and Citi – would result in a plan devised in December 2015, cost cutting should be possible thanks to successes against the Islamic State and the ‘aid to central Bank and international Monetary Fund. A 5% return which would have even less than that paid by Greece for its bonds (ranging 9-12%).
Italy is the Iran’s first European partner, said President Hassan Rohani who received the Italian Prime Minister Matteo Renzi. A position that Italy will win because he has put on the table a chip very heavy 8.8 billion euro credit lines. Among those signed by Rohani during his visit to Italy in January , and yesterday in Teheran there are 36 contracts , including an agreement for over 3.5 billion euro on high speed between the Italian Railways ( FS ) and the Iranian ones , even this operation guaranteed by the Cassa Depositi e prestiti and Sace .
