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Abu Dhabi commits billions to expand its refining capacity

Abu Dhabi commits billions to expand its refining capacity

Business
May 14 (UPI) -- More than $ 45 billion in investments over the next five years could position the United Arab Emirates as a global refining powerhouse, its oil company said. "Given the projected increase in demand for petrochemicals and higher value refined products, we are repositioning ADNOC to become a leading global downstream player," Ahmed al-Jaber, the CEO of the Abu Dhabi National Oil Co. and the Emirati minister of state, said in a statement. ADNOC said it would spend $ 45 billion over the next five years to expand its refining and petrochemicals operations at al-Ruwais, a city in western Abu Dhabi. ADNOC and its subsidiaries process 10.5 billion cubic feet of natural gas per day and has a refining capacity of 922,000 barrels per day. By 2025, the company said it would expand it...
Tiger Woods commits to play at Torrey Pines, Riviera

Tiger Woods commits to play at Torrey Pines, Riviera

Sports
Jan. 4 (UPI) --Tiger Woods announced that he will play in the 2018 Genesis Open and start his season with the 2018 Farmers Insurance Open.Woods made the declarations on Thursday. The Genesis Open is from Feb. 12 to Feb. 18 at the Riviera Country Club in Pacific Palisades, Calif. It will be Woods' first tournament at the course since 2006."I'm very excited to be back at Riviera," Woods said in a news release. "I haven't played at Riviera in a tournament in a very long time. To be able to play in an event that I used to come to as an amateur, as a junior and now as the tournament host, that is on one of the most historic sites in all of golf, it's a dream come true."Woods also wrote that he will play in the Farmers Insurance Open from Jan. 25 to Jan. 28 at Torrey Pines in La Jolla, Calif. Th...
UN commits to stop ocean plastic waste

UN commits to stop ocean plastic waste

Science
Nations have agreed that the world needs to completely stop plastic waste from entering the oceans.The UN resolution, which is set to be sealed tomorrow, has no timetable and is not legally binding.But ministers at an environment summit in Kenya believe it will set the course for much tougher policies and send a clear signal to business.A stronger motion was rejected after the US would not agree to any specific, internationally agreed goals.Under the proposal, governments would establish an international taskforce to advise on combating what the UN's oceans chief has described as a planetary crisis.Environmentalists say ministers are starting to take plastic waste more seriously, but need to move much more quickly.Li Lin from the green group WWF said: "At last we are seeing some action on ...
Piramal Finance commits Rs 400cr in emerging, mid-market space

Piramal Finance commits Rs 400cr in emerging, mid-market space

Finance
NEW DELHI: Financial services firm, Piramal Finance today said it has sanctioned Rs 400 crore through its vertical - Emerging Corporate Lending (ECL) to fund emerging and mid-market businesses. ECL has been set up as a sector-agnostic platform and engages with clients across manufacturing, trade and services sectors, offering solutions with ticket size ranging from Rs10-100 crore. "This is a natural progression for our platform and adds both diversification and granularity to our existing lending portfolio. With competitive interest rates and a flexible product offering, we are confident that Piramal Finance will be able to scale up its presence within this space," Piramal Finance managing director, Khushru Jijina said in a statement here today. ECL has provided funding to sectors as ...