Daily Archives: October 4, 2016

  • Italian olive grove stands in way of European energy security

    MELENDUGNO, Italy In the name of European energy security, a private guard wearing a navy blue uniform, aviator sunglasses and a baseball cap walks around a grove of olive trees in southern Italy.

    The 231 trees, surrounded by dry-stone walls on a dusty plain near the Adriatic coast, stand in the way of a $45 billion pipeline designed to bring gas from central Asia and help wean the European Union off its dependence on Russian energy.

    Local authorities want the pipeline re-routed away from the prized grove, which includes trees thought to be more than 400 years old, but developers have Rome’s approval to proceed, on condition they are transplanted while pipes are laid and buried.

    Wary of protests, the pipeline consortium, which includes Britain’s BP (BP.L), Azeri state energy company SOCAR and Italian gas company Snam (SRG.MI), has hired 24-hour security.

    In reality, work on the Italian side of the Trans Adriatic Pipeline (TAP) cannot proceed without local consent, threatening to delay a project that is meant within four years to carry the equivalent of 10 percent of Europe’s Russian energy imports.

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    MELENDUGNO, Italy In the name of European energy security, a private guard wearing a navy blue uniform, aviator sunglasses and a baseball cap walks around a grove of olive trees in southern Italy. The 231 trees, surrounded by dry-stone walls on a dusty plain near the Adriatic... 
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  • Italian Olive Oil Production Down by 38%

    Italian olive oil production will drop by 38% in the season 2016/2017, to just 298 million kg, close to the historic low, according to Italian farrmers organization Coldiretti, based on ISMEA/Unaprol data.

    As the second largest olive oil producer, Italy has more than 250 million olive trees, on over one million hectares of land cultivated.

    It also has the greatest number of extra virgin olive oils with denomination (44) in Europe and the widest heritage of olive tree varieties in the world (395).

    Olive oil production is also expected to fall in Greece (-20% to 240 million kg) and Tunisia (-21% to 110 million kg).

    On a positive note, production levels will be on the same level with last year for market leader Spain (1.4 billion kg) and Turkey (+33% to 190 million kg).

    Overall, global olive oil production is expected to drop by 9%, to 2.785 billion kg, with consequent effects on prices.

    source:European Supermarket Magazine

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    Italian olive oil production will drop by 38% in the season 2016/2017, to just 298 million kg, close to the historic low, according to Italian farrmers organization Coldiretti, based on ISMEA/Unaprol data. As the second largest olive oil producer, Italy has more than 250 million... 
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