BUSINESSTuesday, December 5, 2017 9

Washington

The Rupert Murdoch-controlled 21st Century Fox has restarted talks to sell most of the company, including UK

broadcaster Sky, to Walt Disney. The negotiations centre on Fox’s film studio, cable channels such as FX, and international businesses including India’s Star network and Sky, Financial Times reported, citing “multiple people with knowledge of the talks”.(theguardian)

Loudon

OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey

found, pressured by a drop in Angolan and Iraqi exports, strong compliance with a supply cut deal and involuntary declines.

OPEC’s adherence to pledged supply curbs rose to 112 per cent from October’s 92 per cent, the survey found. (Reuters)

Donald Trump

Fox ‘resumes sale talks’ with Walt Disney OPEC oil output falls in November “I never asked Comey to stop investigating Flynn. Just more Fake News covering another Comey lie!”

US President

Russia launches Yamal gas super projectRussia’s Yamal project aims to produce 16.5 million tonnes of liquefiednatural gas (LNG) a year, delivered to Europe and Asia by 15 purpose-

built ships capable of breaking through two-metre-thick Arctic ice

Sources: Novatek, Gazprom, Total, FT © GRAPHIC NEWS

ARC7 tankers: Length: 229m, breadth: 32.5m,capacity: 172,600m3, cost: $316 million eachBuilt by South Korea’s Daewoo, tankers will cut10 days off current 25-day journey

YAMAL LNG: Owned byNovatek (50.1%), China’sCNPC and France’s Total(20% each), and China’sSilk Road Fund (9.9%)

R U S S I A

CANADAU.S.

C H I N A

JAPAN

PACIFICOCEAN

ATLANTICOCEAN

NorthPole

Zeebrugge, BelgiumTrans-shipmentterminal for8 million tonnesof LNGper year

Sakhalin-2:Russia’s soleLNG plant.Capacity:10m tonnesof LNGper year

Arctic LNG 2: Russia’s LNGproducer Novatek

plans to buildsecond Arctic

LNG planton GydanPeninsula

IcebreakingLNG carriers

ConventionalLNG carriers

China:Yamal

expectedto providemore than

80% of China’sLNG demand

SuezCanal

ArcticCircle

© GRAPHIC NEWSSource: Eurostat, Children at risk of poverty or social exclusion

Child poverty in EuropeMore than one in four (26.9%) children aged 0-17 were at risk of povertyor social exclusion in the European Union in 2015*. Rates ranged from

below 14% in Norway to almost 47% in RomaniaChild population at risk of poverty (2015, percent)

RomaniaBulgaria

SerbiaGreece

HungarySpain

ItalyLithuania

LatviaIreland

UKPortugal

CyprusCroatia

MaltaEU 28

PolandSlovakiaBelgium

LuxembourgEstoniaAustriaFrance

Czech Rep.Germany

SwitzerlandNetherlands

SloveniaDenmark

FinlandIceland

SwedenNorway

46.843.7

41.837.8

36.134.4

33.532.7

31.330.330.3

29.628.9

28.228.2

26.926.6

24.923.323.0

22.522.3

21.218.518.5

17.316.816.6

15.714.914.6

14.013.7

GreeceCyprusItaly

9.1%7.1%4.0%

Largest increasessince 2010

*Most recent year with full data set

Manama

The Gulf Hotel Bahrain Convention and Spa stood

winners at the recent Citi Fact Bahrain Awards 2017 ceremony as they took home 6 awards.

During the glamorous evening, The Gulf Hotel Bahrain’s team dominated the stage receiving the awards for best Mediterranean restaurant, Zahle restaurant, China Garden, best Chinese restaurant, Fusions for best creative, modern and imaginative cuisine, Takht Jamsheed for favourite Persian restaurant and “Gulf Grand Friday Brunch” for the best family brunch in town.

“We are very proud and honoured to win these awards”, said Hameed Ali, the Hotel Manager for The Gulf Hotel Bahrain, not only have we proven our historical growth from 1 outlet to now 16, this award serves as a proof of commitment from our colleagues in providing the utmost care and hospitality to our patrons. My heart felts thanks go to our colleagues who have exceeded and went all the way to make sure our guests are satisfied and happy, leaving with a memorable fine dining experience.

“These awards is a seal of choice that has been voted by the people of Bahrain and there is no better seal of approval than our guests” Hameed says.

Gulf Hotel takes 6 awards home

Paris

A consortium led by France-US petroleum services group

TechnipFMC has secured a $4.2 billion (3.5 billion euro) contract to extend capacity at Bahrain’s Sitra refinery, the company said yesterday.

The contract, awarded by Bahrain Petroleum Company (Bapco), will extend production capacity at the site on Sitra

island in the Gulf of Bahrain from a current 267,000 to 360,000 barrels per day, TechnipFMC said.

The refinery exports some 95 percent of its current production, mainly to India and the Far East.

The consortium includes South Korea’s refinery and electrical plants designer Samsung Engineering as well as Spanish petroleum engineering firm Tecnicas

Reunidas, TechnipFMC said, adding construction should be completed by 2022.

Nello Uccelletti, head of Onshore Offshore activity at TechnipFMC, hailed the “prestigious” contract as being a “testimonial of the long-term partnership with Bapco and strengthen(ing) our leadership in the refining sector.” (AFP)

Technip lands Bahrain refinery mega contract

Gulf Hotel staff with the awards