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Business news - 31 August 2016


Long term growth for generator sets market

While the short term outlook is bumpy for generator set suppliers, growth prospects appear favourable from 2017 onward, assuming a return to higher oil price levels and increased capital investment.


Cyprus and Egypt sign pipeline agreement

Cyprus and Egypt have signed an agreement, which will enable the flow of Cypriot natural gas to reach the Egyptian market via an underwater pipeline.


MCAA appoints new President

The Measurement, Control & Automation Association has announced the appointment of Teresa Sebring as President of the Association.


Gazprom marks oil and gas Workers Day

The Chairman of Gazprom’s management committee has recently held a conference call to mark the oil and gas industry’s Workers Day.