UN experts land in Peru to help clean up oil spill

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Lima, Jan 25 | A team of UN experts on environmental disasters arrived in Peru to assist the cleanup of the oil spill that occurred near capital Lima on January 15 at a refinery operated by Spanish energy company Repsol.

“The team of UN specialists is already in Lima to evaluate and propose immediate steps to mitigate the environmental impact caused by the oil spill in Ventanilla,” a district in the port city of Callao, the Foreign Affairs Ministry tweeted.

The experts aim to carry out a rapid assessment of the socio-environmental impact of the oil spill, and advise the authorities on the management and coordination of the response. They also hope to reduce the risk of similar disasters recurring in the country, reports Xinhua news agency.

The UN support came in response to Peru’s request for international aid.

The crude oil spill, estimated to be of about 6,000 barrels, occurred at the La Pampilla refinery, affecting about 1.8 square km of coastline and 7.1 square km of sea, according to the Environmental Assessment and Control Agency under the Environment Ministry.

On January 22, the Peruvian government declared a 90-day environmental emergency in the coastal area of Lima.

Authorities have opened an investigation into the disaster, which the company had reportedly minimised at first.

Repsol Peru’s President Jaime Fernandez-Cuesta told media on Sunday that there was initially a “misperception” about the amount of crude oil spilled into the sea, but containment efforts were begun “as soon as there was awareness of the magnitude of the event”.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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