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IsDB Signs Agreement Worth $150 Million for Rogun Hydroelectric Power Station in Tajikistan

Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)
Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)
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IsDB Signs Agreement Worth $150 Million for Rogun Hydroelectric Power Station in Tajikistan

Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)
Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda sign the agreement on Monday. (SPA)

Islamic Development Bank (IsDB) Group President Dr. Mohammad Al-Jasser and Tajik Minister of Finance Fayzuddin Qahrizoda signed on Monday a financing agreement worth $150 million for the Rogun hydroelectric power station.

Tajik Minister of Economic Development Zfqi Zfqizoda attended the signing ceremony that took place in the capital, Dushanbe.

The strategic project aims to increase energy production in Tajikistan, provide clean electricity, and boost regional cooperation in the energy field.

By investing in the Rogun hydropower plant, the IsDB reaffirms its commitment to sustainable energy solutions and regional development.

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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.