Connect with us

AIC

Trump opens more Arctic land for US oil drilling

Avatar

Published

on

US President Donald Trump’s administration announced on Monday that it had finally completed its plan to open up vast areas of once-protected Arctic Alaska territory to oil development, Report states, citing the Investing.com

The US Bureau of Land Management released its plan for the National Petroleum Reserve in Alaska (NPR-A), a 23 million-acre swath of land on the western North Slope. The record, signed by Interior Secretary David Bernhardt on Dec. 21, allows lease sales to proceed under relaxed standards.

The decision is one of several pro-drilling actions taken by the Trump administration in its final days. On Wednesday, the bureau is scheduled to auction off drilling rights in the Arctic National Wildlife Refuge on the eastern North Slope.

The plan allows oil development on about 80 percent of the reserve. Nearly half of the budget was available for leasing under Obama-era rules, with the other half protected for environmental and indigenous reasons.

The Trump plan allows leasing in vast Teshekpuk Lake, the largest lake in Arctic Alaska and a haven for migrating birds and wildlife. Teshekpuk Lake has been off-limits to leasing since the Reagan administration.

“We are expanding access to our nation’s great energy potential and providing for economic opportunities and job creation for both Alaska Natives and our nation,” said Casey Hammond, principal deputy secretary for the Department of the Interior.

It is unclear whether making this acreage available will boost Alaskan oil production, which peaked more than 30 years ago at 2 million barrels per day. The state now produces roughly 500,000 BPD of crude.

The NPR-A decision got a swift response from environmentalists who have already sued to overturn the plan.

“On its way out the door, this administration is sticking to its blunt and destructive approach to management solely for oil development,” said David Krause, assistant Alaska director for The Wilderness Society, in a statement.

Subscribe to our Twitter page

Continue Reading

AIC

Peugeot, Fiat Chrysler complete merger

Avatar

Published

on

Fiat Chrysler Automobiles and PSA Group completed their $52 billion tie-ups and formally merged into Stellantis on Saturday.

The merger will create an auto group with combined annual sales of around 8.1 million vehicles and deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen Group.

"The merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. that will lead the path to the creation of Stellantis N.V. became effective today," the two automakers said in a statement.

It took over a year for the Italian-American and French automakers to finalize the deal, during which the COVID-19 pandemic upended the global economy. They first announced plans to merge in October 2019.

Shares in Stellantis will start trading in Milan and Paris on Monday and in New York on Tuesday. PSA CEO Carlos Tavares will hold his first press conference as Stellantis CEO on Tuesday, after ringing NYSE's bell with Stellantis Chairman John Elkann, FCA chairman.

Analysts and investors turn their focus to how Tavares plans to address the huge challenges facing the group – from excess production capacity to a woeful performance in China.

FCA and PSA have said Stellantis can cut annual costs by over 5 billion euros ($6.1 billion) without plant closures, and investors will be keen for more details on how it will do this.

Subscribe to our Twitter page

Continue Reading

AIC

Today Azerbaijan starts vaccination against coronavirus

Avatar

Published

on

Azerbaijan starts vaccination against COVID-19 infection today.

Report informs that vaccination will be voluntary and state-funded.

The country has received 4 million doses of Chinese-made Sinovac vaccine for 2 million people.

The vaccine will be given to a person in two doses. The interval between doses is 21 days.

At the initial stage, only public hospitals will carry out a vaccination process.

The vaccine will be stored in storage facilities under the "cold chain" conditions.

In the first stage in Azerbaijan, people at high risk will be vaccinated. The high-risk populations covered by COVID-19 vaccination are:

Stage 1 – Health workers; Persons over 65 years of age;

Staff involved in anti-epidemic measures by law enforcement agencies;

Stage 2 – Medically high-risk group (those with chronic diseases of the respiratory system, hemodialysis, diabetes, obesity);

– Persons aged 50 years and older who have at least one chronic disease;

-Employees working in the education and social sector, ASAN Service and DOST centers, permanent residents of social enterprises, persons working in the public transport sector, telecommunications operators and providers, and employees, who are in direct contact with the population in the postal and the banking sector; –

People in high-risk jobs (working in areas vital to society – national and regional security, justice, finance, etc.).

Subscribe to our Facebook page

Continue Reading

AIC

CBA currency exchange rates (18.01.2021)

Avatar

Published

on

According to the official exchange rates of the Central Bank of Azerbaijan for today, the USD remained unchanged at AZN 1.7000, EUR decreased by 0.66% to AZN 2.0516, and RUB fell by 0.43% to AZN 0.0231.

Currency

Exchange rates

1 USD (US dollar)

1.7000

1 EUR (Euro)

2.0516

1 RUB (Russian ruble)

0.0231

1 AUD (Australian dollar)

1.3063

1 ARS (Argentinean peso)

0.0198

1 BYN (Belarusian ruble)

0.6660

1 BRL (Brazilian real)

0.3208

1 UAE dirham

0.4628

1 ZAR (South African rand)

0.1115

100 KRW (South Korean won)

0.1537

1 CZK (Czech koruna)

0.0784

100 CLP (Chilean peso)

0.2317

1 CNY (Chinese yuan)

0.2620

1 DKK (Danish krone)

0.2758

1 GEL (Georgian lari)

0.5161

1 HKD (Hong Kong dollar)

0.2193

1 INR (Indian rupee)

0.0232

1 GBP (British pound)

2.3056

100 IDR (Indonesian rupiah)

0.0121

100 IRR (Iranian rial)

0.0040

1 SEK (Swedish krona)

0.2022

1 CHF (Swiss franc)

1.9060

1 ILS (Israeli shekel)

0.5206

1 CAD (Canadian dollar)

1.3303

1 KWD (Kuwaiti dinar)

5.6075

1 KZT (Kazakhstani tenge)

0.0040

1 KGS (Kyrgyzstani som)

0.0204

100 LBP (Lebanese pound)

0.1122

1 MYR (Malaysian ringgit)

0.4199

1 MXN (Mexican peso)

0.0856

1 MDL (Moldovan leu)

0.0983

1 EGP (Egyptian pound)

0.1085

1 NOK (Norwegian krone)

0.1981

100 ‎UZS (Uzbekistani som)

0.0163

1 PLN (Polish złoty)

0.4522

1 SGD (Singapore dollar)

1.2754

1 SAR (Saudi Arabian riyal)

0.4532

1 SDR (IMF)

2.4487

1 TRY (Turkish lira)

0.2276

1 TWD (Taiwan dollar)

0.0607

1 TJS (Tajikistani somoni)

0.1506

1TMT (New Turkmenistan Manat)

0.4857

1 UAH (Ukrainian hryvnia)

0.0604

100 JPY (Japanese yen)

1.6386

1 ‎NZD (New Zealand dollar)

1.2108

Gold (1 ounce)

3107.8295

Silver (1 ounce)

42.2195

Platinum (1 ounce)

1840.5220

Palladium (1 ounce)

4057.1350

Subscribe to our Facebook page

Continue Reading

Facebook

Trending