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Saturday, March 20, 2010
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World oil demand ‘to rise 1.5m bpd’
New York  
 
  Oil demand is predicted to rise by 1.5 million barrels per day (bpd) next year to 86 million bpd as world oil demand will grow faster than new supplies outside Opec's control this year, said a poll.  
   

  Egypt oil refiner secures $225m AfDB loan
Tunis : 
  The African Development Bank (AfDB) has lent $225 million to the Egyptian Refining Company (ERC), owned 85 per cent by private investment firm Citadel Capital, the bank said.     
   
  Siemens installs renewable plant in Egypt
Cairo : 
  Engineering group Siemens has taken another step towards becoming one of the world's top three wind turbine makers by 2012 by installing a 250-megawatt renewable energy plant in Egypt's Gulf of Suez on the Red Sea coast.     
   

 
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