Monday, January 11, 2010

Industry Focus - Energy

Algeria: The government expects to earn at least USD 42 billion in 2009 from hydrocarbon exports, more than a previous forecast of USD 40 billion, due to rising crude oil prices.

Sudan: The country began exporting its first 5 million litres of ethanol to the European Union, at an initial price of around 450 Euros per cubic meter. Kenana, Sudan's largest sugar company, this year inaugurated the ethanol plant which aims to produce 65 million litres a year of the bio fuel. The country aims to produce 750,000 tonnes of sugar in 2009/2010.