Day: June 29, 2024

Strait of Malacca becomes oil market’s largest transport artery

Mr Mohammed

The transit of oil and petroleum products through the Strait of Malacca, which is located between the Malay Peninsula and the Indonesian island of Sumatra and connects the Indian and Pacific oceans, rose by 800,000 barrels per day (bpd) in 2023, reaching 23.7 million bpd. According to the U.S. Energy Information Administration (EIA), the Strait of Malacca has surpassed the Strait of Hormuz in terms of transit volume of raw materials, as the amount of oil and petroleum products transported via the Strait of Hormuz last year totalled 20.9 million…

Webb Fontaine Unveils Sourcemind Academy in Guinea

Mr Mohammed

CONAKRY, Guinea, June 28, 2024/ — Webb Fontaine (www.WebbFontaine.com), a leading provider of solutions for trade facilitation, is pleased to announce the launch of Sourcemind Academy in Guinea. This innovative educational venture, backed by Webb Fontaine, is set to transform the tech education landscape by offering high-level training, cutting-edge pedagogical design and experienced professional trainers to future software engineers and technology enthusiasts. The launch of Sourcemind Academy in Guinea marks a significant milestone in Webb Fontaine’s ongoing commitment to corporate social responsibility, and to promoting educational development in emerging markets.…

BRICS countries back grain exchange idea, Russia says

Mr Mohammed

The BRICS group of countries have supported an initiative to set up a grain exchange, Russian Minister of Agriculture Oksana Lut said on Friday. The exchange would allow buyers to purchase directly from producers and has been backed by Russian President Vladimir Putin ahead of a BRICS summit to be held in Russia in October. “We will work together with our colleagues on creation and development of this platform and the development of the possibility of settlements in national currencies of the BRICS countries,” Lut said after a meeting of…