July, 2007:

By Tan Hui Leng, TODAY | Posted: 19 July 2007 1233 hrs   

Singapore: Petrol stations may dispense compressed natural gas…

The first one, on Jurong Island, cost $2.6 million to build. The second station, coming up next year on the mainland, is likely to cost much more.

But the refuelling infrastructure for compressed natural gas (CNG) might not have to be built from scratch — and cost so much — if the government can eventually strike a deal with petroleum companies here.

The National Environment Agency (NEA) has been exploring with petrol stations the possibility of dispensing CNG at service stations, Environment and Water Resources Minister Yaacob Ibrahim told Parliament. read more

A study by the National Petroleum Council says shale could help alleviate a future supply shortfall.

By Steve Raabe Denver Post Staff Writer
Article Last Updated: 07/18/2007 11:03:15 PM MDT

Funding to develop oil shale should be increased to help meet a coming shortfall of petroleum, according to a major energy report released Wednesday.

The study by the National Petroleum Council concluded that world demand for oil will significantly outstrip supplies by 2030 and that development of alternative sources such as oil shale may help bridge the gap. read more

14:07 | 19/ 07/ 2007

MOSCOW. (RIA Novosti economic commentator Oleg Mityayev) – Russia will not revise its agreements with British investment companies developing its oil and gas fields because of the sharpening of relations between the two countries, Natural Resources Minister Yury Trutnev said Tuesday.

Trutnev was speaking at a meeting of the working group of the Advisory Council on Foreign Investments attended by representatives of foreign mining companies on July 17. As follows from Trutnev’s words, Russia will maintain its present policy towards foreign investment companies: new fields will be developed under the eye of Russian state-owned companies, but foreign investors will be welcome as junior partners. read more

July 19, 2007 04:40 AM Eastern Daylight Time

Regulatory News:

Nigerian National Petroleum Corporation (NNPC) and Total (NYSE:TOT) (LSE:TTA) (Paris:FP), through its subsidiary Elf Petroleum Nigeria Limited, operator of the NNPC/EPNL Joint Venture with a 40% interest, announce the launch of the Phase 2 of Ofon Field Development Project. The field is located offshore east of Nigeria in OML 102, around 50 kilometres from the coastline, in a water depth of about 40 metres.

Ofon field came on stream in December 1997. The additional reserves (proved and probable) to be developed during this phase are estimated to be over 350 million barrels of oil equivalent. The additional reserves should allow an increase of oil output by around 60,000 barrels per day to around 100,000 barrels per day by the end of 2010. read more

Thu Jul 19, 2007 11:50 AM BST

SINGAPORE, July 19 (Reuters) – Singapore fined Royal Dutch Shell (RDSa.L: Quote, Profile , Research) S$25,000 ($16,500) for safety lapses that led to the death of a worker at its offshore refinery in the city state, local radio said on Thursday.

Singapore radio 93.8 Live said Anglo-Dutch Shell pleaded guilty in court on Thursday, for failing to put in place safe work procedures at its offshore refinery in Singapore.

The 35-year-old worker died after suffering chemical burns on 17 percent of his body in an accident which took place in 2005, 93.8 Live said. read more

Russian transport group Severstaltrans has put its subsidiary, Estonian Oil Service AS (E.O.S.) specializing in fuel oil handling, for sale.

The company has already started the talks with the potential buyers including Shell and TNK-BP. E.O.S. may cost USD40-50 mln. However, the figure may be much less in view of the slump of the Russian transit via Estonia.

http://www.railway-market.pl/?p=wiecej&id=2352

Debating ‘Scheme Liability’

July 19, 2007

For years, Congress, the courts and the Securities & Exchange Commission have struggled to balance the rights of shareholders and companies in securities fraud cases. The latest battle, over whether courts should recognize so-called “scheme liability,” is headed to the Supreme Court this fall in a highly-anticipated case called Stoneridge Investment Partners LLC v. Scientific-Atlanta, Inc., et al.

At issue: whether a plaintiff-shareholder should be allowed to recover not only from a company that commits securities fraud, but also from a third party that participates in a fraudulent scheme. A 1994 Supreme Court decision known by lawyers as Central Bank barred plaintiffs from recovering against a third party alleged to have “aided and abetted” a securities fraud. Since then, lower courts have divided over whether third parties should be held liable for playing a more central role in a fraud. read more

19 July 2007

By John Donovan

On 7 July 2007 a comment was posted on this website by someone using the name of “Jim McGuire” making allegations about Sakhalin Energy. In a subsequent article we referred to the posting and warned the name might be false.  That has turned out to be the case. We have recently been contacted by Jim McGuire, a gentleman who until recently worked for Sakhalin Energy. He has supplied us with evidence confirming his identification and of his former employment with Sakhalin Energy.  Mr McGuire is anxious for it to be known that he most definitely was not the author of the derogatory comments and we accept without reservation that this is the case.  He does not agree with any of the comments made. Someone evidently used his name for malicious purposes.  We are sure based on our discussions with him that Mr McGuire is a man of the highest integrity. Consequently we are pleased to clear his name and wish him well. read more

By Angela Macdonald-Smith

July 19 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said second-quarter sales rose 14 percent, buoyed by the start-up of the A$1.48 billion ($1.3 billion) Enfield oil project off the northwest coast.

Sales rose to A$969.7 million in the three months ended June 30, from A$848 million in the year-earlier period, the Perth- based company said today in a statement to the Australian Stock Exchange. Output rose 9 percent to 17 million barrels of oil equivalent. read more

By Lars Paulsson and Nicholas Larkin

July 19 (Bloomberg) — U.K. natural gas costs fell as forecasts indicated growing supplies may outstrip expected consumption of the fuel today. Gas in mainland Europe and U.K. power prices also dropped.

Gas for same-day delivery declined 4.8 percent to 27 pence a therm at 9:20 a.m. London time, according to prices on Bloomberg from the broker Spectron Group Plc. That’s equivalent to $5.50 a million British thermal units. A therm is 100,000 Btus. Gas for delivery a day ahead fell as much as 9.3 percent to 26.75 pence a therm, according to Spectron. read more

By Dulue Mbachu in Lagos for ISN Security Watch (19/07/07)

When Umaru Yar’Adua assumed office as Nigeria’s new president at the end of May, he pledged that his top priorities would include bringing peace to the country’s troubled Niger Delta oil region, where violence has recently escalated as armed militants and criminals target the oil industry, deeply cutting into Nigeria’s lifeblood crude oil exports and causing jitters in the world oil markets.

At least a quarter of Nigeria’s oil exports of three million barrels per day have ceased in the past 18 months – a period that has also seen the kidnapping of more than 200 foreign oil workers. Most of the hostages have been freed unharmed after ransom payment. Militants fighting for greater local control of the oil wealth produced in the region say they will shut down the entire industry if their demands are not met. read more

Ben Sharples,
Published: Jul 19, 2007

PERTH, July 19 AAP – Woodside Petroleum Ltd has reported a dip in production during the second quarter of 2007, with the trouble-plagued Chinguetti project in Africa continuing to cause headaches.

Woodside, Australia’s largest independent oil and gas producer, delivered an output of 17 million barrels of oil equivalent (Mmboe) in the three months to June 30. The result was six per cent below the 18 Mmboe produced in the first quarter of this year, but nine per cent above the 15.6 Mmboe produced in the corresponding June quarter of 2006. read more

Published: Jul 19, 2007

SYDNEY (Thomson Financial) – Woodside Petroleum Ltd’s first-half sales revenue of 1.869 billion Australian dollars was 19 percent higher than the 1.568 billion dollars it made in the first half of last year, helped by increased production, the company said Thursday.

Woodside, 34 percent of which is owned by the Royal Dutch Shell group, said its second-quarter sales revenue had been 14 percent higher than a year earlier at 970 million dollars.

The company’s first-half production, at 35.0 million barrels of oil equivalent, was 17 percent higher than in the first half of last year. read more

By Ed Crooks

Published: July 19 2007 03:00 | Last updated: July 19 2007 03:00

Yesterday’s report on world oil and gas supplies from the US National Petroleum Council was a defining moment in the history of the global energy industry.

The study, calling on the US to implement such radical measures as the fastest technically possible increase in vehicle fuel economy standards and an international framework for managing carbon dioxide emissions, echoed familiar demands from environmental campaigners. read more

By Jad Mouawad
Wednesday, July 18, 2007

WASHINGTON: It started with a simple question by Samuel Bodman, the energy secretary: “What does the future hold for oil and natural gas supply?”

The query was made in October 2005 in a one-page letter sent to Lee Raymond, the former chairman of Exxon Mobil and head of the National Petroleum Council, a federal advisory group representing the oil industry.

After nearly two years, Raymond has finally delivered his answer. The result is a colossal 476-page study entitled “Facing the Hard Truths About Energy” that involved 350 participants, suggestions from over 1,000 people, submissions by 19 foreign governments from Australia to Saudi Arabia, and dozens of subcommittees. read more

The Associated Press
Published: July 19, 2007

TOKYO: Iran recently asked Japanese refiners Showa Shell Sekiyu K.K. and Cosmo Oil Co. to pay for crude oil imports in yen instead of dollars, a media report said Thursday.

Both refiners are considering the request, Dow Jones Newswires said, citing unnamed company representatives.

Iran has been trying to persuade Asian buyers to make payments in non-U.S. currencies to reduce its U.S. dollar holdings, a move that is seen as a response to the dollar’s recent weakness and to pressure from Washington to limit Iran’s dealings with the U.S. financial system. read more

Published: Thursday, 19 July, 2007, 03:18 PM Doha Time
 
Business Reporter
 
DOHA: Qatar Shell has done a 3D seismic survey covering some 800sq km and drilled two appraisal wells in two offshore blocks allocated to it as part of the multi-billion dollar Pearl GTL project.

Pearl GTL is a joint venture between QP and Royal Dutch Shell and will be the world’s largest gas-to-liquids plant on completion in 2010-11.

The project is Shell’s single largest equity investment anywhere in the world and will produce 140,000 bpd of GTL products as well as 120,000 bpd of condensate, LPG and ethane. read more

By Simon Ebegbulem
Posted to the Web: Thursday, July 19, 2007

BENIN — YOUTHS of Obe community in Orhionmwon Local Government Council of Edo State have threatened to blow up the Shell flow station this weekend, should the state government fail to re-constitute the membership of the newly constituted Oil and Gas Producing Communities Commission and appoint some body from the area as the chairman.

The angry youths had last Tuesday shut down the flow station protesting the composition of the committee but with the intervention of the over one thousand mobile policemen deployed to the area by the state Police Commissioner, Mr Bala Hassan, the flow station was brought back to life against the wish of the youths. read more

Last Updated: 1:55am BST 19/07/2007

The economic links

• The London Stock Exchange is the primary overseas destination for Russian firms seeking to raise capital, with six Russian listings this year worth $12.2bn (£6bn).

• Three Russian flotations worth more than $10bn, including the $8bn listing of Russia’s second largest bank VTB, accounted for half of all money raised in London in the second quarter of 2007.

• Gazprom, the Russian state-controlled energy group, is eager to gain a 10pc share of the British market. It already owns Pennine Natural Gas, the largest privately-owned gas distributor in Britain. read more

(Having lost the arms race, the Kremlin sees an opportunity to reassert dominance through its vast oil and gas reserves)

Last Updated: 1:55am BST 19/07/2007

The row over the murder of Alexander Litvinenko may see commerce suffer as Cold War battles return, writes Industry Editor Russell Hotten

I don’t understand the position of the British Government,” said Russia’s foreign ministry spokesman Mikhail Kamynin. “It is prepared to sacrifice our relations in trade and education for the sake of one man.”
 
That use of the word “trade” will send shivers through companies with Anglo-Russian interests. read more

Thursday, July 19, 2007. Issue 3702. Page 7.
By Miriam Elder
Staff Writer  

Gazprom on Wednesday denied it was seeking assets from merging French firms Gaz de France and Suez, amid speculation that French President Nicolas Sarkozy promised the Kremlin he would support the move.

Analysts expect France to offer a reciprocal to Gazprom after the state-run gas giant’s decision to award French oil major Total a share in developing the coveted Shtokman field last week.

“Regarding the rumors, we deny them,” a Gazprom spokesman said. “Negotiations on buying GDF or Suez assets are not going on.” read more

08:50 – 18 July 2007
 
Top figures from the worldwide oil and gas industry will be in Aberdeen at the start of September for the Offshore Europe show.

Leading the debate will be Mark Carne, managing director and executive vice-president for Europe and central Asia for BG Group, who is the conference chairman.

Joining him in the opening session will be: Malcolm Brinded, executive director for exploration and production at Royal Dutch Shell; David Lesar, chairman, president and chief executive at oilfield service giant Halliburton; Robert Olsen, chairman and production director at ExxonMobil; and Frank Chapman, chief executive at BG Group. read more

Alex Nicholson
July 18, 2007

MOSCOW (AP) – A top adviser on foreign economic policy to U.S. Secretary of State Condoleezza Rice encouraged Russia on Wednesday to give foreign companies a bigger role in developing its vast but remote oil and gas reserves in the Arctic and Eastern Siberia.

Reuben Jeffery III called Russia a “key player in the global energy equation,” noting that Russian supplies were “critical to global energy security.”

He was speaking on his first official trip overseas since taking up the post of U.S. undersecretary of state for economic, energy and agricultural affairs in June. read more

Published: July 18, 2007 at 11:35 AM

By ANDREA R. MIHAILESCU
UPI Energy Correspondent

Syria’s decline in crude oil production has gathered pace in the first quarter of 2007, according to figures released by the government as it seeks to promote fresh exploration efforts.

In the first quarter of this year, oil production averaged 382,300 barrels per day, compared with about 400,000 bpd in 2006 and 430,000 bpd the previous year, according to the Ministry of Petroleum.

If output continues to decline at the same rate as in the first quarter, Syria could become a net oil importer by the end of 2008, but the government hopes to stem the rate of decline through enhanced oil recovery operations in both marginal and mature fields. read more

Email sent 18 July 2007 (copied to Jeroen van der Veer, Jorma Ollila and Malcolm Brinded)

Dear Mr Brandjes

You were kind enough to set in motion our application under the UK Data Protection Act.

Since we do not have an email address for the Company Secretarial, I would be grateful if you could kindly pass on to them this response to their letter hand delivered to us by courier at 9pm on Friday 13th July 2007.

Best regards
John Donovan

18 July 2007
Company Secretarial                                                                                    
Shell International Limited
Shell Centre                                                                                      
London SE1 7NA       
                                                                       
Dear Sirs read more

By Stephen Voss

July 17 (Bloomberg) — Pipeline construction at OAO Gazprom’s Sakhalin-2 oil and gas project in eastern Russia is causing mudflows and landslides, contaminating rivers and streams, a local branch of the Russian Academy of Sciences said.

Field studies on June 2 by the Far Eastern Geological Institute of the academy’s Far Eastern Department concluded that anti-erosion efforts were inadequate, Nikolay Kazakov, the institute’s deputy director, wrote in a July 13 letter to the Sakhalin region’s Committee on Natural Resources and the Environment. read more

By Trista Kelley and Adam Haigh

July 18 (Bloomberg) — The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from yesterday’s market close.

U.K. Companies:

Royal Dutch Shell Plc (RDSA LN): The trans-Niger pipeline feeding the Bonny export terminal of Shell’s Nigerian venture is burning in six separate locations after protesters set fire to it a few weeks ago, a spokesman said. Shell shares added 12 pence, or 0.6 percent, to 2052. read more

MOSCOW. July 17 (Interfax) – The supervisory council at Sakhalin Energy has endorsed one of the company’s main buy-sell agreements on liquefied natural gas (LNG) at its first extraordinary session with the participation of new shareholder Gazprom (RTS: GAZP), the Industry and Energy Ministry said in a statement.

“Thus, it can be said that almost all the gas (9.55 million tonnes per year) refined at the two LNG lines have been contracted,” he said. tj

http://www.interfax.ru/e/B/finances/26.html?id_issue=11792522 read more

Summary

The Russian government is expected to respond to the United Kingdom’s expulsion of four Russian diplomats — which itself was a reaction to Moscow’s refusal to extradite the key suspect in the poisoning death of former Russian intelligence agent Alexander Litvinenko in London. Speculation is running rampant over what the next moves will be and whether the poisoning of a former agent will lead to a break in business between Russia and the United Kingdom. However, while each country is maintaining its pride and acting against the other, neither will allow the situation to degrade into anything beyond typical Cold War games. read more

BBC Monitoring Service – United Kingdom
Published: Jul 18, 2007

The following is a selection of quotes from articles published in the 18 July editions of Russian newspapers, as available to the BBC at 2300 gmt on 17 July 2007:

Russia-Britain

Rossiyskaya Gazeta (state-owned daily) – “The Russian Foreign Ministry thinks that the current punitive measures by [British Foreign Secretary David] Miliband against Russia are dictated by an attempt to justify its unwillingness to cooperate on the extradition of [tycoon Boris] Berezovskiy and [Chechen separatist envoy Akhmed] Zakayev. It appears that this is the reason why this political spectacle has been staged. read more

By Stefan Wagstyl, Catherine Belton and Isabel Gorst
Published: July 18 2007 03:00 | Last updated: July 18 2007 03:00

British business is braced for a possible increase in costs and delays in dealing with Russian officials despite claims from Moscow that the diplomatic dispute will have no effect on commercial life.

They fear they could face extra red tape over everything from tax returns to residence permits and are especially worried about visa applications. The worst affected could be short-term business visitors, who often travel on tourist visas that are easier to secure quickly than business visas. read more

Colombia’s state oil company Ecopetrol and multinational Shell have signed a contract to explore jointly the Caño Sur block in Colombia’s Llanos Orientales region, Ecopetrol said in a statement.

The block measures 653,662ha and is southeast of the city of Villavicencio.

State hydrocarbons regulator ANH approved the contract and each company will control a 50% stake in the block.

Ecopetrol will operate the block during the exploratory stage, according to the statement.

Seismic information will first be collected and an exploratory well will be drilled in 2008, according to the statement. read more

Dina O’Meara
Canadian Press

CALGARY – Royal Dutch Shell says it will base its North and South American conventional and unconventional oil and gas programs in Calgary as part of its integration of Shell Canada into the parent company’s global operations.

Shell Canada, which was recently privatized when majority shareholder Royal Dutch bought it out, will see its oilsands operations report to the de Haag-based petroleum products business unit, but run out of Calgary, president Adrian Loader said. read more

Crucial agreements the fallout puts at risk

Julian Borger and Terry Macalister
Wednesday July 18, 2007

The tremors from the Anglo-Russian spy row could disrupt a wide range of delicately balanced global issues, and if the crisis escalates, they have the potential to make the world even more unstable.

David Miliband told parliament that Russia is a key partner for the UK on issues such as climate change, Kosovo, Iran, Middle East peace and Sudan. He spoke of Russia’s role in the battles against terrorism, the proliferation of weapons of mass destruction, illegal migration, drugs and international crime. The list emphasised the depth of the relationship, but also underlined how much is now at stake. read more

Terry Macalister
Wednesday July 18, 2007

High oil prices have triggered a drilling boom off Britain but the big oil companies around which the North Sea energy industry was built are pulling investment out of this country and shifting their focus to what they see as more promising areas such as West Africa, the US Gulf and Russia.

In the latest switch, Shell has put up for sale a swath of oil and gas producing assets including the Cormorant, Tern and Eider fields while scrapping proposals for a £25m new “centre of excellence” in the UK oil capital, Aberdeen. Most of the assets are jointly owned by Exxon which is also selling out. read more

More pain to come as supplies are disrupted by strife and Opec turns screw

Terry Macalister
Wednesday July 18, 2007

Motorists in parts of Britain were being forced to fork out over £1 a litre yesterday but can be expected to pay more soon as crude prices soared again to nearly $77 a barrel.

Turmoil in the international oil markets, due to strong demand, geopolitical instability and a shortage of refining capacity, will put further upward pressure on forecourt prices. Huge profits are expected for oil companies such as BP and Shell, which report their half-yearly financial results next week. ExxonMobil, which also reports next week, has just become the world’s first company to be valued on a stock exchange at over half a trillion dollars (£250bn). read more

Tue Jul 17, 2007 5:40 PM BST
By Jeffrey Jones

CALGARY, Alberta, July 17 (Reuters) – Royal Dutch Shell Plc is taking a hard look at its Canadian unit’s multibillion-dollar project proposals while it integrates the business into worldwide operations, the executive in charge of the process said on Tuesday.

Before being fully acquired by Royal Dutch in April, Shell Canada had proposed a new heavy oil refinery in southern Ontario and has been a partner in plans for a C$16.2 billion ($15.6 billion) Arctic natural gas pipeline. read more

By HEIDI VOGT 07.17.07, 2:05 PM ET 
 
LAGOS, Nigeria – A Nigerian activist group called Tuesday for the closure of a major Shell oil pipeline, saying the company has not done enough to try to extinguish fires that have been burning on the line for weeks – polluting farmland and endangering residents.

The oil industry in Nigeria – Africa’s largest producer of crude – is plagued by militant groups that regularly kidnap workers and gangs that tap into pipelines to steal oil. Fires often erupt on oil pipelines that have been drilled by vandals. read more

Saturday 21st July – All Day.

Call Out from Erris for solidarity & support, imagination & action at Bellanaboy.

In support of Shell to Sea & 3 Erris Fisherman.

A day of solidarity and action at the refinery site at Ballinaboy has been called from Erris for Saturday, 21st July.

Following on from last weeks conviction and sentencing of 3 Erris fishermen, and the subsequent Shell site occupation on Fri 13th, and convoy of 300 vehicles to Bellanaboy on their bail release (pending their appeal to circuit court), this day of action has been called by and with the full support of the local community, who are revived in their vehemence against Shell, their government partners and violent Garda oppression. read more

Subject: Jim McGuire – Sakhalin – Web Posting

Dear Sirs,

This morning 17th July 2007 I used web search engines to find an article which was published as a result of a leak of information to your website.  According to your website, it was I (Jim McGuire) who had penned the above, which makes reference by name to certain members of SEIC and claiming to be the victim of all sorts of actions by people, some of whom I do not even know.  I was able to find the following article;

http://www.huliq.com/26856/shell-22-billion-sakhalin-2-project-devastated-by-insider-leaks read more

By Anthony DiPaola

July 17 (Bloomberg) — Italy’s competition regulator will take four months to review steps oil companies including Eni SpA and Royal Dutch Shell Plc have pledged to take to avoid fines in an inquiry into competition in the gasoline market.

Eni, Shell and six other companies selling gasoline at service stations in the country agreed to take steps aimed at avoiding non-competitive pricing practices, the Antitrust Authority said in a faxed statement yesterday.

The companies will allow more competition among service station operators by allowing them more leeway in changing and advertising prices and giving competitors access to some fuel storage space, according to Antitrust Authority’s Web site. read more

By Michael Blowers
Monday, July 09, 2007

Reputation measurement is such a complex thing and is the theme of a discussion on the royaldutchshellplc.com site which investigates the complexity of the task and its impact on tangibles like share price.

Stock values is all about putting a price on a company, which in the past was not that much of a problem as you tallied up the plant and machinery, other assets, etc added in some goodwill and presto you had a value for your firm. Today life is more complex and the majority of an organisations assets are classed as intangible. read more

Martyn Wingrove, Lloyds List
Published: Jul 17, 2007

THE world is finally beginning to open its eyes to the fact that oil supply shortages are looming as global oil production is pushed to peak levels.

The recent announcement by the well-respected International Energy Agency that the world is facing an oil crisis early in the next decade is a milestone for those that have predicted falling levels of oil production.

When the IEA cautions of a supply crunch in the opening two paragraphs of its medium-term oil market report, the world takes notice. But it is unlikely to react quick enough. read more

Martyn Wingrove, Lloyds List
Published: Jul 17, 2007

GAZPROM, Shell and Japanese investors have passed several milestones in the Sakhalin II project that will ensure oil and liquefied natural gas exports can begin by late 2008.

Sakhalin Energy Investment, which operates the $20bn integrated oil and liquefied natural gas project, said 2007 will be a pivotal year in bringing the project on stream.

‘Key milestones this year include the commissioning of Russia’s first LNG plant, installation of the PA-B topsides and commissioning of the pipelines,’ said Sakhalin Energy’s chief executive Ian Craig. read more

Published: Jul 17, 2007

JAKARTA, July 17 Asia Pulse – Investment in the oil and gas sector rose to US$8 billion in the first half of this year from US$7 billion in the same period last year, indicating growing interest shown by oil investors in doing business in the country.

Head of the Upstream Oil and Gas Regulatory Body (BP Migas) Kardaya Warnika described this year as a bright period for oil and gas sector.

A number of oil investors such as Shell and Premier have left the country, but now they are queuing with other investors to restart ventures in the country, Warnika said. read more