U.B.A.F. Silver Sponsor of the African Refiners Association – ARA


U.B.A.F., represented by the Energy & Commodities Department, participated in the ARA Week conference held in South Africa - Cape Town from 12 to 16 March 2018. More than 60 sponsors attended this event among which trading companies, petroleum equipment companies and only 5 banks (ING, SG, Natixis, NedBank and U.B.A.F.).


About ARA
It was created in 2006 to represent the African downstream oil stakeholders.

ARA members bring together various companies that deal with the refining and distribution of petroleum products in Africa (from Egypt to South Africa).

To achieve this, ARA cooperates with governments, regulatory bodies and the relevant downstream industry groups. It recommends the implementation - step by step - of stronger regulations aiming at improving air quality and creating a positive external impact for African States.



During the  2018 Conference called "Moving Forwards…"  the main following topics have been addressed:

- Africa's future facing the sharp increase in population and energy needs

- Improvement of fuel quality and cost of changes

- Focus on refining in Africa

- Environmental issues.



U.B.A.F and ARA
U.B.A.F. has chosen to sponsor ARA for a better understanding of the African issues, particularly in terms of energy needs, but also to develop relationships with new traders.

Indeed, in the coming years given the growth of the population (which should double by 2050) the demand for petroleum products will increase in Africa, thus encouraging traders to be more committted on this continent and to seek more complex financing transactions.

The conference largely met our expectations and allowed us to meet new prospects (specialized trading companies in Africa) and to introduce our institution to African downstream players (notably the Nigerian National Petroleum Corporation, Nigeria being the largest producer of crude oil on this continent).

While few banks were present, U.B.A.F. has proved it is a key player in the field of trade finance.

Public Holidays 2018


Algiers, Cairo, Dhaka, Dubai, Paris, Seoul, Singapore, Tokyo,

Algiers
New Years Day
Labour Day
Eid El Fitr - End of Ramadan
(may be changed to the nearest day)
Eid El Fitr - End of Ramadan
Independence Day
Eid El Adha
(may be changed to the nearest day)
Eid El Adha
(may be changed to the nearest day)
Moharam
Achoura
Revolution Day
Al Maoulid Enabaoui - Prophets Birthday
Cairo
Coptic Christmas day
Revolution Day
Coptic Easter Sunday
Sham El Nessim
Sinai Liberation Day
Labour Day
Eid Al Fetr (may be changed to the nearest day)
Eid Al Fetr (may be changed to the nearest day)
Eid Al Fetr
Revolution Day
Eid Al Adha
Eid Al Adha
Eid Al Adha
El am Hejir - New year - (may be changed to the nearest day)
Armed Forces Day
Mawled El Nabi (Prophet's Birthday)
Dhaka
Shaheed Day
Birthday of the father of the Nation
Independance Day
Bangali New Year
Labor Day
Lailatul Barat
Buddha Purnima
Shab-e-Qadr
Eid-ul-Fitr
Eid-Ul-Fitr
Eid-Ul-Fitr
Bank Holiday
National Mourning Day
Eid-ul-Adha (may be changed to the Nearest day)
Eid-ul-Adha (may be changed to the Nearest day)
Eid-ul-Adha (may be changed to the Nearest day)
Janmastami
Moharrym (Ashura)
Durga Puja
Eid-e-Miladunnabi
Victory Day
Christmas Day
Bank Holiday
Dubai
New Years Day
Ascension of Mohammed
Eid El-Fitr (may be changed to the nearest day)
Eid El-fitr (may be changed to the nearest day)
Eid El Fitr (may be changed to the nearest day)
Arafat Day
Eid El Adha
Eid El-Adha (may be changed to the nearest day)
Eid El-Ahda (may be changed to the nearest day)
El am Hejir - New year - (may be changed to the nearest day)
Birthday of Prophet
Martyrs' Day
National Day
National Day
Paris
New Year's Day
Easter Monday
Labour Day
Victory Day
Ascension Day
U.B.A.F. closing date
Whit Day
Assumption
All Saints' Day
Christmas Day
Seoul
New Years Day
Lunar New Year Holiday - Sollal
Lunar New Year Holiday - Sollal
Lunar New Year Holiday - Sollal
Commemoration Day of Indepence Movement
Labour Day
Children Day (Urini Nal)
Childreb''Day (Urini Nal) Alternative Holiday
Buddha's Birthday
Memorial Day
Local elections day (specific oliday)
Indpendance Day
Chusok
Chusok
Chusok
Chusok alternative Holiday
National Foundation Day
Hangeul Proclamation Day
Christmas Day
Singapore
New Years Day
Chinese New Year
Chinese New Year
Good Friday
Labour Day
Vesak - Bouddha Purnima
Hari Raya Puasa
National Holiday
Hari Raya Haji
Deepavali (to be confirmed)
Christmas Day
Tokyo
New Years Day
Banking holiday
Banking Holiday
Seijin-no Hi - Coming of Age Day
National Foundation Day
Shunbun-no Hi - Spring Equinox
Showa Day
Constitution Memorial Day
Greenery Day
Marine Day
Keirou-no Hi - Old People Day
Autumn Equinox Day
Taiiku-no Hi - Sports Day
Labor Thanksgiving Day
Emperors Birthday
Banking Holiday