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Energy, Geostrategy

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

IAEA says Ukraine nuclear plant reconnected to national grid

The Russian-occupied plant had been cut from the national grid since September due to shelling. (AFP)
By TRENDS Desk AFP
September 18, 2022 12:45 pm
  • Since being cut off from the grid, the station was relying on its own power supplies to operate essential safety mechanism
  • Zaporizhzhia was seized by Russian troops in March and shelling around the facility raised fears of nuclear disasters ever since
Kyiv, Ukraine– Ukraine’s Zaporizhzhia nuclear plant is receiving power from the national grid once again, the UN’s atomic agency (IAEA) said Saturday, after it was cut off from external power, raising the risk of an accident.The Russian-occupied plant had been cut from the national grid since September due to shelling.

“The restored 750 kilovolt (kV) line is now providing Europe’s largest nuclear power plant… with the electricity it needs for reactor cooling and other essential safety functions,” the IAEA said.

Since being cut off from the grid, the station was relying on its own power supplies to operate essential safety mechanism.

Experts feared that the plant could run out of the internal power.

Zaporizhzhia was seized by Russian troops in March and shelling around the facility raised fears of nuclear disasters ever since.

The IAEA visited the power plant in early September.

Several members of the IAEA team remained inside the territory of the plant on a permanent basis to monitor the situation.

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