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Anyala Exports Oil to Europe

Nigeria’s crude oil, from Anyala oil field, will go to northwest Europe; the first freight is on its way to its destination in Europe, S&P Global Platts announced on Monday. The cargo will go to Switzerland’s Cressier refinery via Société du Pipeline Sud Européen (SPSE). Aframax tanker, with 700,000 barrels, traveled from Nigeria on January 10 and is now on its way to Fos-sur-Mer's oil terminal in France. The second one is expected to travel in March, perhaps to Asian destinations. Termed as “medium sweet crude grade”, Anyala equals Bonny Light Oil in terms of its quality. The newest oil field, after Egina, is projected to achieve 3 million b/d by 2023 according to NNPC's Group Managing Director Mele Kyari. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Asia Well Behind Europe in EV

Fitch Solutions recently announced although China is amongst top contributors to electric vehicle (EV) industry, Asia drops behind Europe. Head of Autos Research at Fitch Solutions, Anna-Marie Baisden, said this is because the governments in Europe are taking bigger steps to expand in EV market. When it comes to EV business in Asia, China comes to mind as it supplies roughly 90% of sales, she continued. In Europe, good measures are taken after the pandemic including evolution of infrastructure and national stimulus, she said. On Japan and India, she said, the countries’ slow pace in EV business results from several factors. Lack of incentive plans in Japan in spite of its essential demand is one reason, Baisden added. However, she said, plans are underway to go ahead with financial support to buy locally, especially that Tokyo’s target is to sell all new hybrid or electric cars by the year 2030. She also said despite India’s good capabilities in EV, its demographics might cause problems. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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