Chief executive officer Datuk Dr Wan Zawawi Wan Ismail said the price forecast was based on uncertainties pertaining to the COVID-19 pandemic recovery, political situation and stimulus packages. "We forecast the average CPO price to be at RM3,846 per tonne for the first quarter and second quarter of 2021, ranging from a low of RM3,502 per tonne to a high of RM4,190 per tonne,” he said at the virtual Palm Oil Internet Seminar (POINTERS) 2021 today. He said palm oil exports are also expected to increase marginally from 17.39 million MT in 2020 to 17.5 million MT in 2021. "China, India, the European Union, ASEAN, Saudi Arabia, Africa, and the United States will be the major export destinations for Malaysia,” he pointed out. In March 2021, Wan Zawawi said the delivery price for CPO already exceeded RM4,100 per tonne despite the reinstatement of CPO export duties and the prices are expected to remain firm as concerns of supply limitations due to heavy rains in January and February ... » Learn More about MPOC: Moderate recovery seen for Malaysia’s palm oil exports in 2021
Oil to gas ratio for mercury 2 stroke outboard motor
DUBAI: Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners. Announced late on Friday, it is the company's largest deal since its record $29.4 billion initial public offering in late 2019. The lease and leaseback agreement includes a 49% stake of newly formed Aramco Oil Pipelines Co and rights to 25 years of tariff payments for oil carried on Aramco's pipelines, it said in a statement. Aramco will retain a 51% stake in the new company. EIG, which has invested more than $34 billion in energy and energy infrastructure, was the deal's underwriter and will work with Aramco in the coming days to decide on other parties for the consortium, a source familiar with the deal said. Abu Dhabi state investor Mubadala is in discussions on being part of it, a spokesman said. Aramco will retain operational control of the pipeline network and assume all operating and capital expense risk, ... » Learn More about Aramco agrees US$12.4bil deal to sell stake in pipelines
KUALA LUMPUR: Solar enthusiasts are jumping on the bandwagon to promote the renewable energy (RE) source, harping that it is freely available and more cost-effective. But is this true? And is too much solar a good thing? Let’s explore this further. Solar is available only during the day, thus you still need to cater for energy during the night. This will normally be provided by other conventional plants (i.e coal, gas and hydro). This means that conventional plants are still needed even though solar is introduced into the system. Alternatively, battery can also be used to store some of the solar energy for the night. However, this comes as an additional cost. Battery technology is still new and expensive with a current price tag of RM5000/kW, compared with RM3000/kW for the typical cost of a gas plant. Not only are batteries for the power system costly, they can only be used for a limited time, depending on their type and design. A 100MW solar plant is not equivalent to a ... » Learn More about Solar in Malaysia – Challenges, and too much of a good thing?