Monday, 18 January 2016

Oil market: More trouble as Iran's plan to increase output

Iran's economy is expected to grow 4-5.5 percent due to higher oil production [Getty File Photo]

Iran has said it plans to increase oil production by 500,000 barrels per day now that sanctions have been lifted under a nuclear deal with world powers, according to Al Jazeera.
Analysts say the decision is likely to bring down the price of oil further in the world market.
Roknoddin Javadi, deputy oil minister, said Iran is determined to retake its market share, which collapsed after the sanctions were imposed in 2012.
His comments were posted on the ministry's website on Monday.
Iran used to export 2.3 million barrels per day but its crude exports fell to one million in 2012.
Oil prices have recently fallen to about $28 a barrel, a 13-year low.
The UN nuclear agency, IAEA, certified on Saturday that Iran had met all of its commitments under last summer's agreement, prompting the lifting of sanctions.
And on Monday, Yukiya Amano, the IAEA's head, arrived in Tehran for talks with Iran's President Hassan Rouhani.
Amano will also meet the head of Iran's atomic organisation. The IAEA's monitoring and verfiying of Iran's atomic programme is expected to be on the agenda.
With the lifting of the sanctions taking centre-stage, the UAE's energy minister said in Abu Dhabi on Monday that any extra supply of crude oil would "harm the market."
In the first comments by an Arab Gulf member of OPEC about Iran since most sanctions were lifted, Suhail bin Mohammed al-Mazroui said any new production that comes into the market would delay the time for the market to balance itself.
"... Does Iran have the right to do so? Yes of course; they are a member of OPEC and are entitled to that ... but is this going to help [the] situation? No," he said.
"We are having an oversupply and anyone who will introduce more supply in current situation will make it worse."
On Monday, OPEC gave reassurance the price of oil will rebound later this year, saying non-OPEC countries will be forced to slow down production, thereby reducing supply and boosting the price globally.
Jochem Wermuth, a market analyst in Abu Dhabi, said it is "unlikely" that oil prices will ever go as high up as the levels of July 2008, when it hit $147 per barrel.
"I would think that what the market would see is a further fall in the oil price," he told Al Jazeera.
"We think that it is a structural fall in the oil price. We don't think it will swing up again soon, or ever indeed."
Moody's, the credit rating agency, said the sanctions relief will boost liquidity and economic growth in Iran.
Moody's said Iran's increased oil production "will contribute to higher growth" next year, with "positive spillover effects" on higher investment and consumption spending.
Iran's economy is expected to grow four percent to 5.5 percent in 2016 and 2017, largely due to higher oil production.

Creativity: American superstars as you've never seen them before

Dennis Owusu-Ansah is a New York-based Ghanaian artist whose pop art images are taking Instagram by storm.

Kanye and Kim West in their new Kente cloths

Reworking and reimagining some of the world's biggest artists in authentic African clothing and cultural attire, Owusu-Ansah is highlighting the beauty of Africa through his work..
With bright block colors contrasting intricate patterns, the images have transformed the likes of Drake, Rihanna and Beyonce into powerful African icons in traditional dress and with traditional names.

Beyonce As Beyonce Lankenua Carter


Chris Brown As Chris Kofi Sarpong Brown

"After witnessing my friend get teased by a group of men for wearing a kente cloth on our way to church, I figured something must be done to change the perspective of people who are not familiar with the African culture," he told CNN.

Drake As Aubrey Drake Abdul-Salam Graham

"They had no idea what my friend was wearing. One of the guys shouted 'That man has a blanket wrapped around his body like it's winter time.' I saw this incident as an opportunity to educate people about who we are, and what we stand for through my art."

Jay Z As  Chief Shawn Ugonna Jay Z Carter

After that life-changing moment, 26-year-old Owusu-Ansah decided that he wanted his art to tell a story and for his audience to learn, "that Africa isn't only about what the media portrays on television," but that it is "a continent rich in history, diversity and traditions."

Nicki Minaj As Nicki Maame Akua Amponsah

Choosing to depict celebrities trending in the entertainment business, Owusu-Ansah knows that they have an influence on their fans.

Meagan Good As Meagan Omotola Good

By illustrating them in African clothing, he hopes that it will bring awareness to traditional culture, and allow people to start educating themselves and those around them in African culture.

P Diddy As Sean Puffy Nana Antwi Combs 

With over 12,000 Instagram followers, Owusu-Ansah's fanbase is growing every day and he has even branched into creating unisex clothing. 

Rick Ross As Mazi Odinnaka Rosey

His work doesn't seem to be slowing down and neither does his audience in their quest for accessible African art, knowledge and tradition.

Rihanna Robyn As Rihanna Amahle Fenty



With CNN

Africa on Alert: Hunting for a home for the nation's radioactive waste

What would it take for you to accept nuclear waste in your backyard? The country has created quite a bit of the stuff and the government is searching for someone willing to take it.
Steadily produced since the end of World War Two, the question of what to do with the nuclear waste from civil, military, medical and scientific uses has been causing equal measures of fear and frustration for decades. With a new generation of nuclear power stations on the way, a fresh search is under way for a community ready to take on the challenge.
Campaigner Eddie Martin says: "It's very worrying, scary even. They have been looking for somewhere to put this material for decades and it keeps coming back to Cumbria."
Dr John Roberts, from University of Manchester's School of Physics and Astronomy, says: "Everything around us, including us, is radioactive to some extent. Your body is evolved to cope with a lot of this.
"Different materials emit different types of radiation, but also at different rates. This is the half-life - which is the time it takes for the level of radioactive to fall to half of its initial value.
"A short half-life means lots of radiation emitted but it is expended quickly. Some isotopes have a half-life of just days, or even less than a second, others can last tens of thousands of years but emit very little energy.
Radiation is transmission of energy in the form of waves or particles,
Some forms part of the electro-magnetic spectrum, which starts with radio waves, then microwaves, infra-red, visible light and ultraviolet light (UV) to X-rays and beyond.
Other types of radiation are emitted as subatomic particles.
When either the waves (beyond UV) or particles are powerful enough to start damaging the DNA of living cells, it is known as ionising radiation.
Ionising radiation itself is broken down into different types - known as alpha, beta and gamma.
Roughly speaking, alpha radiation is big and slow, meaning it can do a lot of damage to cells but cannot travel far and is easily stopped - by skin for example.
Gamma, small and fast, can pass through skin, cells and even thin metal but does relatively less harm, so a larger dose can be tolerated. Beta sits between these two.
Radiation is measured differently depending on whether you are looking at what is emitted (usually expressed in becquerels) or its effect on the body (commonly counted in sieverts).
"Something like Caesium 137, a product of nuclear reactors, has a half-life of 30 years and puts out a lot of gamma radiation, so is one of the more problematic isotopes.
"The mix of materials in nuclear waste means it could possibly need to be isolated for thousands of years.
"The radiation dose any person might get from a source depends primarily on the energy of the source, the length of exposure, the distance, which part of them the body is exposed, what they are wearing and very importantly whether it is ingested or inhaled."
Nuclear power stations have been built in 31 countries but only a handful,including Finland, Sweden, France and the US have started building permanent storage facilities.
All of these are purpose-built caves hundreds of metres below ground, known as a Geological Disposal Facility (GDF). Once the waste is treated and sealed inside containers, it is stacked in the caverns. GDFs are expected to remain secure for thousands of years.
Dr Robert says GDFs or deep boreholes are two possible options for the disposal of radioactive waste but there are still challenges to overcome, particularly in predicting their behaviour over hundreds or thousands of years.
"While there are natural examples of radiation being contained - think of the mines where uranium for nuclear fuel has been sat happily for millennia - the mix of isotopes in radioactive waste is much more complex so we need to know how the nuclear waste interacts with its storage material, be it glass, concrete or metal.
"And then, it best to put the containers in granite, clay or salt? Other countries are trying different options.
"But this is basically an engineering project like no other. Its timescale will dwarf the oldest cathedrals.
"We also need to ensure we can guarantee the records will be kept of what is down there and where. It has to last for hundreds of years and how many records have we lost since the Tudors? Or the Romans?"
So, from the carefree days of dumping it in the Irish Sea there dawned a realisation the predicted 650,000 m3 of nuclear waste needed a more permanent solution. So where are we in the process? And how did we get here?
Pete Wilkinson, environmental campaigner and member of the committee which in 2006 officially recommended underground storage, explains: "This process really started in 1976 when a report said there should be no more nuclear power without a method of disposing of the waste.
"In the 1980s there were various attempts to impose disposal on communities in Bedfordshire and what was then Cleveland but opposition was loud and well co-ordinated and people would not put up with it.
"An attempt to build an underground 'laboratory' at Sellafield in Cumbria was thrown out in 1997, with the government saying proposals represented bad science and poor stakeholder engagement.
"In 2003 they set up the Committee for Radioactive Waste Management (CoRWM) to come up with the definitive solution."
He added: "As well as recommending the deep geological solution, it came up with the idea of volunteerism - that a community had to agree to host the facility.
"But I think they have underestimated people's antipathy for having radioactive waste in their backyard.
"The first attempts to reach out to the public were inadequate - lots of talk about impact on tourism and how many jobs it would bring.
"But people are most concerned about the radioactivity. Is it safe? And that was not addressed at all."
This "first attempt" got as far as two Cumbrian borough councils, Copeland and Allerdale, both next to Sellafield nuclear facility, showing interest.
After much local protest, permission to proceed with detailed geological surveys was refused by Cumbria County Council in January 2013.
Dusting itself off, the government restarted the process, in the meantime passing legislation that left any final decision about a location in the hands of ministers.
This summer saw the launch of a National Geological Screening Guidance consultation, a review of existing information about the suitability of sites across England and Wales, with councils and organisations invited to comment.
Eddie Martin, a former leader of Cumbria County Council and founder of the Cumbria Trust, said: "Sellafield has been filling up with other sites' waste and is it any surprise the last search ended up here?
"It's not for any pragmatic or geological reason, it's socio-economic expediency. Part of this county already relies on the nuclear industry, so it's more likely to accept some more.
"On top of that there are some cash-strapped local councils in this part of the world and the financial perks offered will seem appealing in the short term.
"The only thing which stopped it last time was the balance of local interest and scrutiny that the county council brought.
"Now they are running the same search again, which will come up with the same result, only this time they have legislation in place to make sure the county council can't stop it. It's an abuse of democracy.
"Cumbria is not the right place for this facility. First of all there is the sheer strain of building the thing. A 16-tonne lorry every three minutes for 20 years. On our small roads.
"Then the geology is wrong. Granite rocks are too fractured, they are too prone to water running through from the mountains and any number of studies back this up.
"This waste can devastate for thousands of years. It has to go somewhere but this is the wrong place. It is too important just to take the easy option."
A spokesman for Copeland Borough Council said: "The government has tentatively begun a new, national process to seek volunteers to engage in the process of considering whether those areas would wish to host a GDF.
"This would involve some preliminary work on geology (desk based) similar to that which has already taken place in west Cumbria.
"Copeland, at present, have not and have no current plans to volunteer to host a GDF, this would be a matter for full council to consider informed by our communities.
"However, we continue to follow the process, as 80% of the UK's higher activity nuclear wastes continue to be stored on the Sellafield site."
But Cumbria is not alone. Previous studies have shown a dozen areas that might - under further scrutiny - prove suitable.
One of these is Stanford on the Norfolk/Suffolk border, not far from Thetford. One expert says it "fits the international criteria very well indeed".
The area in and around the army base is about as empty as you can get in lowland England, which is likely to increase interest.
But Joan Girling, who campaigns for improved safety at Suffolk's Sizewell nuclear power plant, is uncompromising.
"By the time it is decommissioned, Sizewell will have been a nuclear site for 100 years. The area has done its bit.
"Just think of the issues bringing it here, it would be a nightmare. Imagine transporting all that waste from Sellafield, across the country, presumably by rail, then what?
"Lorries laden with 130-ton waste flasks rumbling up and down country lanes for years on end.
"And no-one has any idea if it - moving it, the construction, the hundreds of years of waiting - is really safe."
Breckland Council, which covers the area, said it referred the issue to the county council. In turn Norfolk County Council said it did not respond to the consultation as it believed no community was interested.
But not everyone treats nuclear waste like it was, well, nuclear waste. Devonport naval base in Plymouth is home to 12 old nuclear submarines, eight with fuel still on board.
In 1993 the city threw a street party when it secured long-term contracts to keep the vessels. To many the base means jobs and security.
The Nuclear Decommissioning Authority (NDA) has overall responsibility, and a £3.3bn annual budget, to clean up the UK's radioactive legacy.
While there is currently about 292,000 cubic metres of the most radioactive waste in its raw state, the volume to be stored, when future production, treatment and containment are factored in, is about 650,000 cubic metres.
The part of the NDA tasked with finding somewhere to put it all is called Radioactive Waste Management (RWM) Ltd.
Its chief scientific adviser, Prof Cherry Tweed, is clear in her belief they are on the right track.
She says: "There is a very strong international consensus that geological disposal is the safest and most practicable solution for these wastes and that it is technically feasible.
"We as a responsible developer would only want to go ahead and build a facility provided we are confident it would be safe and it won't just be on our say so, And there is the further reassurance for the public that all the safety arguments will be scrutinised by the independent nuclear regulators before they issue the necessary permits."
The GDF will certainly be an awesome undertaking. It is expected the surface buildings alone will cover 1km sq. The underground tunnels will stretch for 10-20 km sq. On a Cumbria scale, that is bigger than Carlisle.
It will take decades to build and predicted costs are almost unguessable - but most estimates agree on billions of pounds.
But before these technical issues are tested, RWM must do something that has eluded the authorities for decades. Find a volunteer community.
This has not been made an easier by the US disposal site being temporarily shut down after leaks and continued doubts over GDF designs.
Prof Tweed believes they will succeed due to lessons learnt from earlier failures.
She says: "Stakeholders told government what they wanted to know was they wanted more information upfront, on the geology in their locality and on the way in which they would be involved and represented through the process and on the investment package.
"And we have been working very closely with the American authorities to make sure we understand the causes of that accident and that we learn from it."
She also rejected the ideas the political pressures would inevitably lead again to a site in Cumbria, or a geologically unsuitable site would be selected because a financially hard-pressed community would take it.
"There is no plan to go back to Cumbria, or anywhere else in the country. Although we haven't started the formal search we have had positive responses from not just Cumbria but from many places across the country and we have this opportunity over the next 12-18 months to build awareness of what we are doing.
"If at any stage in the process we found something that told us a GDF would not be safe in that particular locality, we would walk away. However keen the community are, safety is paramount."
She adds: "We as the generation who have generated the waste have a moral and ethical responsibility to put a solution in place."


With BBC News

Taxi driver, 34, dies after electric shock at Portsmouth football pitch

A junction box at the Mountbatten Centre in Portsmouth   Photo: Paul Jacobs/pictureexclusive.com
A taxi driver has died after he was electrocuted on an artificial football pitch.
Paramedics attempted to revive Albert Xhediku, 34, who fell unconscious after he suffered an electric shock at the Mountbatten Leisure Centre in Portsmouth on Sunday night.
He was taken by ambulance to the Queen Alexandra Hospital in Cosham, where he was pronounced dead.
An investigation has been launched by Parkwood Community Leisure, which operates leisure centre where Mr Xhediku died.
Hampshire Constabulary are also invesstigating the incident, and have appealed for witnesses.
The driver, who works for private hire firm City Wide Taxis in Portsmouth, Hants, left his silver Vauxhall Vectra work vehicle in the car park, where it remains.
Passers-by saw paramedics try and give him CPR shortly after they got the call at 6.30pm.
The outdoor all weather artificial pitch is enclosed by a metal cage. It was sealed off by police after the incident.
A spokesman at Portsmouth Coroner's Office said they had been informed of Mr Xhediku's death, and that next of kin had been informed.
A spokesman for Parkwood Community Leisure, which operates the centre on behalf of Portsmouth City Council said: "We have launched a formal investigation into this incident alongside our Health and Safety consultants from the Royal Society for the Prevention of Accidents.
"We extend our deepest sympathy and condolences to the gentleman's family and friends at this difficult time."
David Williams, Portsmouth City Council's chief executive, added: "We are deeply saddened this has happened and our thoughts are with the family.
"Our centre operator Parkwood Leisure will be assisting the police with their investigations."
The Health and Safety Executive have been informed, but have no involvement at this stage, a spokesman confirmed.
The incident saw a passing police officer flagged down before he then alerted his colleagues.
Local residents paid tribute to Mr Xhediku on social media.
Emma Walker, on Facebook, wrote: "R.I.P thoughts are with family and friends.
"But how the heck did that happen? Did he walk into something? Poor guy, 35 is no age to die."
Natalie Cook added: "RIP. Thoughts are with the family and friends at this sad time, what a sad way to start the year gone too soon."
Pauline Jenkins said: "To the man I just seen having cpr on Mountbatten playing fields, hope they got you to hospital in time."
A spokeswoman for Hampshire Constabulary said: “Investigations into the incident, which happened on the outside pitch at Mountbatten Leisure Centre, are ongoing today as we try to establish the circumstances surrounding the 34-year-old’s death.
"Police were alerted to the incident at 6.40pm yesterday and he was taken to Queen Alexandra Hospital by ambulance, where he was later pronounced dead.
"Part of those investigations will include looking into the possibility that he was electrocuted.
"We are working in conjunction with Portsmouth City Council."
Detective Inspector Paul Southey said: “The area remains cordoned off and will remain so for the rest of today as our investigations continue.
“We are keen to speak to anyone who thinks they have any information which could be relevant to this incident.”
A South Central Ambulance spokeswoman said: “We got a call at 6.36pm to Mountbatten Leisure Centre. A male was reported to have had an electric shock.
“We took him to the Queen Alexandra Hospital in Portsmouth. We sent a rapid response car, an ambulance and team leader.”
The Mountbatten Centre is a large leisure complex in the centre of Portsmouth, managed by Parkwood Community Leisure on behalf of Portsmouth City Council.


With Telegraph News

Climate Change: Buhari wants Greater Global Cooperation

While addressing the opening of the 2016 World Future Energy Summit on Monday in Abu Dhabi, President Buhari reaffirmed Nigeria’s readiness to work with the United Arab Emirates and the rest of the world in a collective effort to mitigate the effects of climate change, according to Channel Television.
“Africa is already suffering from the consequences of climate change, which includes recurrent drought and floods. In Nigeria, the drastic drying up of the Lake Chad to just about 10% of its original size, has negatively impacted on the livelihood of millions of people and contributed in making the region a hot bed of insurgency.
“Desert encroachment in Niger (Republic), our northern neighbour and in far northern Nigeria, at the rate of several hundred meters per annum, has impacted on the existence of man, animal and vegetation, threatening to alter the whole ecological balance of the sub-region.
“In the middle and southern part of Nigeria, land erosion threatens farming, forestry, town and village peripheries and in some areas major highways. Constant and abrupt alteration between floods and droughts prove that climate change is real and therefore a global approach and cooperation to combat its effects are vital, if the human race is not to face disaster in the 21st century,” he told participants at the summit.
Noting that the summit was taking place soon after the United Nations Conference on Climate Change held in Paris late last year, the President praised the United Arab Emirates for consistently supporting international action on climate change.
“We see Abu Dhabi as a dependable partner in the collective effort to manage climate risks, including the attainment of the Sustainable Development Goals (SDGs) by 2030. Thank you Abu Dhabi, for consistently continuing to support international action in this sphere.
“We appreciate your immense contributions worth hundreds of millions of dollars in energy aid to developing countries,” he said.
President Buhari is expected back in the country on Tuesday, January 19, 2016.