India’s role very important in Afghanistan: German Envoy

ATTN: ANI Item being re-issued with amendments in para 13 and 14.

New Delhi, May 10 (ANI): Germany has hailed India’s role in capacity building, and development in infrastructure and education sectors in war torn Afghanistan.

German Ambassador to India Thomas Matussek said: “I think this is the right approach, and not every country in Afghanistan should contribute with military means.”

“I think the civilian help is much more important. Other countries, including Germany, have to make sure that we create a secure environment, but in the long run it is much more important that the Afghans are in the position to handle their own fate and they could only do it with the active cooperation of the neighbors and India has a very important role to play,” the German envoy told ANI.

India is investing more than a billion dollars in small and large-scale projects, including dams, schools and power grids in Afghanistan.

According to recent surveys conducted by independent international organizations, a majority of Afghans are impressed by Indian efforts in rebuilding their country.

But a team of Indian medical workers and doctors was recently attacked in Kabul and Indian mission also came under terrorist attacks twice which were reportedly orchestrated by Pakistan based terror outfits.

Pakistani terrorist groups are specifically targeting Indian interests in Afghanistan and have openly expressed their annoyance over Indian presence.

Ambassador Matussek also welcomed the recent dialogue between Indian and Pakistani prime ministers at Thimphu.

“We welcome every contact and every talk which contribute to good prosperous relationship between these two countries who share such a wonderful but also sometimes very traumatic common history. I think if India and Pakistan solve their issues and if it comes to lessening of tensions, the whole world will profit from it,” he said.

Refusing to comment on the recent decision taken by a Mumbai court on Ajmal

Kasab, the German envoy said: “I think it is very good and positive that people are brought to justice, every country has their own judicial system. You know we are against death penalty but this is where we stand we believe, we don’t interfere or comment on other countries especially the friendly countries.”

Ever since the Mumbai attacks, India and Germany have stepped up cooperation in the field of counter terrorism, which includes training of security experts and exchanging notes on strategies.

Speaking on the future scope of defense cooperation between the two countries, Ambassador Matussek said that Germany can offer best multi role aircrafts and is ready to forgo End User Monitoring Agreement, which is the pre condition for defense deals imposed by many countries, including the United States.

“We have number of projects for instance if you talk about multi role aircraft for the future. We have Eurofighter Typhoon, which is the best aircraft you can get in the market,” he said.

The envoy said that Germany just don’t want to sell the planes but intends to sell the first batch, develop second and third batch here in partnership and technology transfer to the degree that no other competitor will offer.

He also said that technology supplied to India would not be shared with Pakistan and China. Germany has also proposed a MoU on counter terrorism, which is under review. (ANI)

Suncor, Petro-Canada merger to create Canada’s biggest energy firm

New York – Canadian oil companies Suncor Energy Inc and Petro-Canada Monday announced a merger worth about 15.4 billion US dollars that would create the country’s largest energy company and provide protection against any foreign buyouts.

Suncor is the world’s second-largest oil-sands producer, and Petro-Canada is the country’s second-largest refiner. The steep decline in global oil prices last year made the merger inevitable.

Suncor reported its first quarterly loss in its history in January.

Under the proposed merger, the new entity will operate under the Suncor name.

Petro-Canada equity holders would receive 1.28 shares in the new company for each Petro-Canada share, or a 40-per-cent stake in the merged company. Suncor shareholders would own the remaining 60 per cent.

“This merger creates a made-in-Canada energy leader with the assets, cost structure and financial strength to compete globally,” said Suncor chief executive Rick George, who will have the same role in the merged company.

“The combined portfolio boasts the largest oil-sands resource position, a strong Canadian downstream brand, solid conventional exploration and production assets and low-cost production from Canada’s east coast and internationally.”

Suncor extracts oil-soaked sand in northern Alberta, as opposed to drilling for oil, and processes bitumen into synthetic crude. The oil is shipped to refiners in southern Canada and the US Midwest for processing into gasoline, diesel, jet fuel and chemicals.

The merger will help the companies save an estimated 245 million dollars annually. The two companies have about 13,000 employees, and some job cuts are expected.

“The increased scale provides more stability in volatile markets, plus the financial and organizational capability to successfully take on large-scale projects in the future,” said Petro-Canada chief executive Ron Brenneman, who will take over as executive vice chairman in the merged company.

The acquisition is expected to be completed in the third quarter. (dpa)

Chinese earthquake may have been man-made: Experts

Beijing, Feb.3 (ANI): An earthquake that killed at least 80,000 people in Sichuan last year may have been triggered by an enormous dam just miles from the epicenter, The Telegraph reports.

The 511ft-high Zipingpu dam holds 315 million tons of water and lies just 550 yards from the fault line, and three miles from the epicentre, of the Sichuan earthquake.
Now scientists in China and the United States believe the weight of water, and the effect of it penetrating into the rock, could have affected the pressure on the fault line underneath, possibly unleashing a chain of ruptures that led to the quake.

Fan Xiao, the chief engineer of the Sichuan Geology and Mineral Bureau in Chengdu, said it was “very likely” that the construction and filling of the reservoir in 2004 had led to the disaster.

The 7.9 magnitude quake struck last May and left more than five million people homeless. It remains a raw and emotional topic for most Chinese, and the government has been quick to quash any suggestion that Zipingpu may have been responsible for the catastrophe.

Researchers have been denied access to seismological and geological data to examine the earthquake further.

Zipingpu is only one of nearly 400 hydroelectric dams in the earthquake zone.

Fan said the government had been warned of the danger of building so many large-scale projects in a seismically active area, but that the warnings had gone unheeded. (ANI)