New Delhi; Ram Naik, Minister for Petroleum & Natural
Gas, has said that there was no immediate proposal to increase
the prices of petroleum products. Shri Ram Naik said this while
addressing the Annual Economic Editors' Conference, here today.
Since the Economic Editors' Conference is attended by Editors
from all over India, Shri Ram Naik chose to narrate the major
initiatives of his Ministry. The major achievements, according
to him include liquidation of entire waiting list for LPG connections
by releasing nearly 1.95 crore new connections in the last two
years.
The country is now self-sufficient in refining crude oil and
measures have been stepped up to increase production of oil and
gas within the country as also to acquire equity oil abroad.
He also referred to initiatives to explore and produce coal bed
methane gas and the implementation of pilot projects for production
of gasohol by blending five per cent ethanol with petrol.
Shri Ram Naik further informed that the
re-development plan for Mumbai High (South) has been finalised
involving an investment of Rs. 5200 crore. The re-development
plan for Mumbai High (North) was launched in January, 2001 at
an estimated cost of about Rs. 2900 crore. This measure is anticipated
to bring in an incremental production is 60 Million Tonnes (MMT).
Speaking about the opening up of E &P
sector for private participation, the Minister said that it has
resulted in oil production of about 16 MMT and gas production
of 12.5 BCM, besides netting a total investment of over 1.5 billion
dollars (Rs. 7500 crore). Shri Ram Naik also informed the august
gathering that 100 Production Sharing Contracts have been signed
by the Government for exploration blocks and discovered fields
from 1992 onwards. Out of these 60 have been signed since April
2000.
The Conference was also attended by Shri Santosh Kumar
Gangwar, Minister of State for Petroleum & Natural Gas, Shri
Vijayendra N. Kaul, Secretary, Ministry of Petroleum & Natural
Gas and the Officers from the Ministry.Top
October 18, 2001
U.S. Postal
Inspection Service, FBI offer reward of up to $1 million for
information leading to arrest of anthrax mailers
businessnewsguide.com
Washington; The United States Postal
Inspection Service and the Federal Bureau of Investigation jointly
announced today that an award of up to $1 million is being offered
for information leading to the arrest and conviction of those
responsible for mailing letters containing anthrax such as those
sent to Tom Brokaw at NBC and to U.S. Senator Tom Daschle. In
partnership with America's Most Wanted, confidential telephone
calls can be directed to the America's Most Wanted phone
bank at 1-800 CRIME TV.
"Postal Inspectors take these mailings very seriously,"
said Chief Postal Inspector Kenneth Weaver. "We are going
to ensure the mail continues to be a welcome visitor in every
home and business in the nation. We know there is someone somewhere
who saw something or who knows something about these letters.
We hope that this reward will demonstrate how serious we are
about finding who did this and bringing them to justice."
"Together with the support of our partners in the Postal
Inspection Service and the people of this great nation we can
track down the culprits behind the anthrax letters and strengthen
the safety and security of the mail and our nation," said
FBI Deputy Director Thomas J. Pickard.
The public is aware of the service that America's Most Wanted
has provided law enforcement over the years and this is a natural
progression of that partnership. Thanks to action by the viewing
public, AMW programs have led to the arrest of 683 fugitives
in 30 different countries. The Postal Inspection Service hopes
that, through this important partnership, we'll find the individuals
responsible for these acts of terrorism involving the U.S. Mail.
According to John Walsh, host of America's Most Wanted,
"In these trying and troubling times, the partnership between
law enforcement - the Postal Inspection Service and Federal Bureau
of Investigation - and America's Most Wanted is more important
than ever."
Anyone with information they believe is important to the investigation
can call AMW. Callers will remain anonymous, if they choose.
The Joint Terrorism Task Force will immediately get any information
from viewers for follow-up investigation, said the official statement.Top
October 17, 2001
Andhra
Pradesh,Dubai World Trade Centreto Organise Gitex Hyderabad
businessnewsguide.com
Dubai: Dubai World Trade Centre
(DWTC), the leading exhibition organiser in the Middle East and
the Government of Andhra Pradesh signed a Memorandum of Understanding
(MoU) on Wednesday (October 17, 2001) to jointly organise Gitex
Hyderabad. The MoU follows the announcement of the launch of
Gitex Hyderabad in July 2001.
The inaugural edition of Gitex
Hyderbad will be held from January 7-9, 2002. The show will mark
the beginning of a new era in the history of Gitex and the DWTC
because this is for the first time Gitex is organised outside
the Middle East. GITEX Dubai, the flagship show of the DWTC is
the largest and most successful event of its kind in the Middle
East. The immense success of the show had prompted the DWTC to
take Gitex to the regional markets in 1999. In addition to Gitex
Dubai, there are Gitex exhibitions in Cairo, Egypt and Beirut,
Lebanon. And from next year, the show will be staged in Hyderabad,
India and Riyadh, Saudi Arabia.
More than 600 exhibitors from
35 countries are exhibiting at Gitex Dubai 2001, while Gitex
Computer Shopper, the retail arm of Gitex 2001 is being held
at the Airport Expo with 125 exhibitors from 15 countries. Gitex
Hyderabad aims to replicate the huge success of Gitex Dubai.
The show will also feature a retail component, the Gitex Hyderabad
Shopper, which will run along side the main event and will be
held in separate halls.
"The DWTC and the Government
of Andhra Pradesh are fully committed to making Gitex Hyderabad
a big success. The huge size of the Indian market and the unique
comparative advantage India has in IT business will clearly help
enhance the popularity of the show," said, Wahid Atalla,
General Manager, DWTC.
In addition to the IT companies,
Gitex Hyderabad will also feature a number of telecommunications
companies including telecom service providers and equipment manufacturers.
"The huge growth potential of the Indian Telecommunications
Industry is expected to attract a number of Indian and multi-national
telecommunications equipment manufacturers to participate in
Gitex Hyderabad. We expect the show to become a technology event
that caters to domestic and international IT and telecom equipment
manufacturers as it will help them explore business potential
in India and the region," said Ibrahim Al Hashemi, Corporate
Manager - Exhibitions, DWTC.
An Industry run B2B conference
organised by the Confederation of Indian Industry (CII) will
complement GITEX Hyderabad. The conference will feature keynote
addresses and panel discussions with prominent personalities,
in addition to buyer and seller conclaves.
With the Gitex Hyderabad all
set to take off in January 2002, the Dubai World Trade Centre
hopes to play the key role of a catalyst in enhancing the business
between Dubai and India, especially Hyderabad. DWTC is a member
of the World Trade Center's Association and its core activities
include organising exhibitions, property management and leasing
and hospitality services. It hosts around 70 events and exhibitions
annually at the two separate exhibition complexes.Top
17th October 2001
Canon
Middle East launches latest projectors

businessnewsguide.com
Dubai: Canon Middle East today
announced its latest LCD projectors for the Middle East market,
redefining once more what users can expect in image quality and
features. Following the successful launch of its LV range of
projectors in April, Canon has released the next generation of
these devices: the new LV-7345 and LV-7340 have enhanced optics
and increased brightness, using the Turbo Bright System which
increases image brightness in high ambient light conditions by
more than 25%. Canon's range covers the corporate presentation
market, as well as great offerings for the home entertainment
enthusiast. Canon's new range of projectors can be seen on its
stand in Hall 1 in its projectors demonstration booth.Top
October 15, 2001
Oracle
ERP System to modernise Salhia operations in Kuwait
businessnewsguide.com
Hyperlink a leading provider
of business solutions in the Middle East and Kuwait-based Rekaz
Systems have signed a joint venture to implement an Oracle-based
Enterprise Resource Planning (ERP) system at Salhia Real Estate
Company (SREC) in Kuwait. The agreement, which was signed on
October 14, 2001, the opening day of Gitex Dubai 2001, includes
the implementation of Oracle financial modules, HRM Systems and
Payroll and Oracle CRM modules at SREC.
"Hyperlink is proud to be
associated with a leading Kuwait-based company like SREC, which
is well-known in the field of real estate both in and outside
Kuwait. We are happy to work with a progressive management, which
executes long-term strategies like the Oracle ERP system, in
order to get optimum benefits," said Ghassan Jamil, Country
Sales Manager, Hyperlink. "For this project, Hyperlink has
joined hands with Rekaz Systems of Kuwait to bring together a
select team of experts, who will develop a robust system suited
to the needs of SREC," he added.
Waleed Al Omar, Chief Operating
Officer, Rekaz Systems said, "A company like SREC, which
is increasingly targeting the international market, needs the
power of an integrated e-business application to run its operations.
Rekaz Systems will work closely with Hyperlink to provide end-to-end
Oracle solutions for its customers, thus enabling them to streamline
their operations."
SREC is a leading Kuwait-based
real estate company, which has not only established its operations
in the local market but also created a well-diversified geographical
distribution of assets with strategic brand positioning and competitive
strategy. Its portfolio extends beyond Kuwait to UK, Europe and
the United States. SREC owns and manages prestigious Kuwaiti
addresses like Salhia Commercial Complex, Al-Sahab Tower, Le
Méridien Hotel and Fahad Al-Salem Street Buildings Block.
It is the only real estate company in Kuwait to own a five-star
hotel property.
"SREC has a vision to position
itself as a market leader in the real estate market and has incorporated
innovative ideas and systems to facilitate this concept. Hyperlink
and Rekaz Systems have coordinated to provide SREC with a well-designed
system to update and modernize the existing networks, so that
we can leverage the information and knowledge of our professional
staff to the optimum," said Hani Abdul Noor, Financial Manager,
SREC.
Established in 1999, Rekaz Systems
is an Oracle Partner that focuses on delivering Oracle's E-Business
suite of applications, providing professional services from implementation,
customization and integration, to comprehensive support, maintenance,
and upgrade services. It also offers Rekaz Islamic suite, a unique
suite of Oracle based applications that are natively built for
the Islamic business enterprises worldwide, designed and built
to integrate seamlessly with Oracle E-Business suite.
Hyperlink was established in
1997 to provide business solutions to medium and large-scale
organizations through the implementation of enterprise-wide applications
and decision support systems in the Middle East and North Africa.Top
17 October 2001
Taliban Seizes U.N.
Grain Warehouses in Kabul and Kandahar
businessnewsguide.com
Washington -- The Taliban seized two warehouses in
Afghan cities where the World Food Program (WFP) was storing
almost 7,000 tons of grain for distribution throughout the country.
WFP Executive Director Catherine Bertini said at a Washington
press conference October 17 that the WFP is still transporting
more grain into the country where as many as 5 to 7 million people
could face starvation during the oncoming winter.
Describing the October 16 incident to reporters, Bertini said,
"We regret deeply that we no longer have access to these
warehouses because they are critical" to the international
humanitarian effort to feed a country suffering from more than
20 years of war and three years of drought. WFP is making plans
to provide other warehousing arrangements in the two cities.
The Kabul and Kandahar warehouses seized were two of six major
facilities WFP is operating in the country. They contained about
7,000 metric tons (MT) of grain at the time they were taken by
the Taliban, more than half of the supply currently in the country.
Bertini said supplies are being rapidly replenished, however,
with plans in place to move more than 16,000 tons of grain into
Afghanistan over the next 10 days. "We'll try again,"
she said.
Because of serious communication limitations in the region,
the WFP has few details of the seizure itself. According to Bertini,
Taliban militia members arrived at the warehouses and announced
they were taking over the facilities. The aid workers on duty
left without being injured or threatened, she said. She had no
information on what happened to the grain.
The Taliban's action in Afghanistan came on the same day the
U.N. Security Council, meeting in New York, "demanded that
the Taliban should stop threatening the safety and security of
aid workers, and to cease obstructing aid destined for the Afghan
people," according to Council President Ambassador Richard
Ryan of Ireland.
"We hope that the Taliban will respect the need of their
people to eat," Bertini said as she explained that the WFP
will proceed with food distribution plans despite the heightened
security risks that now threaten the humanitarian operation.
WFP is currently delivering about 900 MT of commodities a
day, up from 200 MT in September, which had become an average
monthly level in what has been a longstanding WFP relief campaign
in Afghanistan. After the terrorist attacks on the United States,
international humanitarian officials increased their estimates
of how many Afghans might need assistance as mounting tension
and uncertainty created greater instability and lesser reliability
of markets and food supplies.
Bertini said WFP has 48,000 MT of grain in the region now,
with 165,000 more on the way, most of it from the United States.
Those stockpiles put the agency fairly close to achieving its
monthly goal to transport 52,000 MT into Afghanistan.
A lack of security for workers and the commodities themselves
is certainly an obstacle to that goal, the WFP director said.
"We certainly did not foresee," that the Taliban might
seize the humanitarian stores.
Poor communication is another major problem, Bertini said,
after the Taliban prohibited the use of all telecommunications
devices in September. There are only limited public phones available
for the WFP workers to use, Bertini said, so international relief
workers outside the country have only sporadic contact with the
Afghan local staff inside the country.
The United Nations system in Afghanistan evacuated all of
its 75 staff members in September due to security concerns. Many
non-governmental organizations (NGOs) withdrew relief workers
at the same time.Top