BACKDOC: THANKS TO R. LIBBY AND THUNDERHAWK FOR CONVERSATIONS
LAUNCH LAUNCH LAUNCH
SLAP! HEY DOC! YA WHAT! WHAT’S WRONG?
NOTHING AT ALL DOC, LAST NIGHT WAS THE 8TH!
OHH THAT’S RIGHT! THANKS! LAUNCH DAY ACCORDING TO IRAN! RIGHT!
WELL, THE FIRST THING WE WANT TO DO IS LOOK FOR EVIDENCE TO SEE IF WHAT IRAN SAID IS STARTING TO PAN OUT RIGHT? RIGHT!
THUNDER ADDED THE ARTICLE AGAIN FOR YOUR REVIEW!
IRAN, OF COURSE SAID THEY WOULD BEGIN TO ENTER THE WORLD AGAIN IN TWO WEEKS WHICH AS I SAID IS AROUND THE 8TH!
THEN THEY SAID IT WOULD BE SLOWLY BUT WOULD TAKE LESS THAN A MONTH IN TOTAL!
THAT GIVES US A WINDOW AS THEY SAY AROUND THE 18TH OF FEB., GIVE OR TAKE!
NOW OUR JOB IS TO PAY ATTENTION TO SEE WHO TALKS NEXT!
FOR STARTERS TONIGHT YOU ALL HEARD DELTAS’ REPORT WHICH FALLS RIGHT IN LINE WITH OUR WINDOW.
GREAT JOB DELTA!
THANK YOU SIR! JUST LIKE HE SAID, THE IMF IS REQUESTING THAT IRAQ ALLOW CURRENCIES TO BE EXCHANGED FREELY SO THAT INVESTMENTS WILL NOT BE IMPAIRED.
THEY ARE REQUESTED TO DO IT THIS MONTH! BINGO! LESS THAN A MONTH!
LET’S KEEP LOOKING SHALL WE?
WHO ELSE HAS STARTED TO TALK?
WELL HOW ABOUT A TRIANGLE? RIGHT! A TRIANGLE OF THREE TRADING PARTNERS. THEY ARE DISCUSSING HOW THEY ARE GOING TO CONDUCT TRADE TOGETHER.
THEY ALSO MENTION THAT THEY WILL BE DOING THIS TRADE EXCLUDING THE DOLLAR! MMMM
YES, IRAN, RUSSIA, AND CHINA! HAS SOMETHING LAUNCHED?
OH YA! WE WILL SHARE SOME OF WHAT IS HAPPENING BUT FOR STARTERS CHINA LAUNCHED ITS OWN E COMMERCE PLATFORM WITH PAYMENTS TO BE SETTLED IN THOSE THREE COUNTRIES CURRENCIES RESPECTIVELY.
THIS ONLINE E COMMERCE PLATFORM WAS CREATED BY A CHINESE COMPANY IN THE CITY OF HARBIN.
IT ALLOWS RUSSIAN MANUFACTURERS TO SELL MANY PRODUCTS TO THE CHINESE MARKET!
ON THE ALTERNATIVE SIDE OF THE POND, A RUSSIAN COMPANY, E96.RU WILL BE THE RUSSIAN COUNTERPART. IRAN WILL JOIN IN TO THE PARTY WITH ITS MINING, FARMING, AND OIL BASED PRODUCTS!
THEY CALL THIS THE "GOLDEN TRIANGLE”, INTENDED TO CAUSE DE-DOLLARIZATION!
NOW FOR SOME HUGE NEWS MY FRIENDS.
DO YOU REMEMBER??????
THIS IS BREAK TIME FOR DOC!
IRAQ AND KUWAIT HAD TO HAVE VERY COMPATIBLE CURRENCIES? RIGHT!
WELL HERE WE GO AGAIN FROM THE GUYS THAT BROUGHT YOU "THE DEAL”! WELL, HERE'S MORE ON THE DEAL!
THE ARTICLE BELOW CLEARLY STATES THAT IRAN AND IRAQ WILL BE SHARING OIL FIELDS WHICH MAKES THEM TRADING PARTNERS, (AS THEY STATED, CONFIRMED), IN A BIGGER WAY THAN PROBABLY EVEN I REALIZED!
THEY ARE WANTING TO SELL BONDS TO FUND THE PROJECT! WITH ASSETS THAT HAVE BEEN CONFIRMED WITH THE IMF I ASSURE YOU MY COMMENT OF IRAN HAVING A CURRENCY OF COMPATIBILITY BRINGS ON NEW MEANING MY FRIENDS!
I FULLY ANTICIPATE IRAN WILL HAVE A CURRENCY VALUE SIMILAR TO IRAQ WHICH IS A SHOCKER TO MANY!
THIS IS A VERY SIMILAR SITUATION TO THE KUWAIT RELATIONSHIP IMO! GOSH THIS IS FUN! HEE HEE THIS IS LIKE PEELING AN ORANGE, ONE SEGMENT AT A TIME, AND BOY, IS IT SWEET!
WITH THE DIGITAL CURRENCY DOOR BEGINNING TO OPEN WE GET CLOSER EVERY DAY TO THE DIGITAL ASSET BACKED NEW REALITY!
I GUESS ITS NO WONDER THE MEDIA DIDN’T WANT AMERICANS TO REALLY UNDERSTAND WHAT WAS REALLY HAPPENING!
THEY NEEDED THE U.S. TO KEEP A "BAD BOY" ATTITUDE UNTIL IRAN COULD COMPLETE ITS MONETARY REFORM! NO WONDER IRAQ KEPT STALLING, SO ITS’ SHIA BROTHER COULD EXIT SANCTIONS AND ENTER THE GLOBAL NEW REALITY!
WELL, WHO’S GOING TO TALK NEXT? WE DON’T KNOW BUT WE’LL BE LISTENING BECAUSE WE ARE, “ALL IN”
WELL, BACK TO, "DO YOU REMEMBER”, LOVE THAT SONG “SEPTEMBER” !
HOPE BEGAN ON SEPTEMBER 8TH AT 8:00 ON 2014
8@8, DOC IMO
Thunderhawk: IF IT'S IN PRINT - IT'S ALL READY HAPPENED / WINK 26
Bonds worth $55m to fund joint field with Iraq
Tehran, Feb 8, IRNA – Oil Ministry will issue bonds to boost investment in a joint oilfield with Iraq, as Iran presses ahead with plans to raise crude production capacity by 1 million barrels a day within six months.
Oil Pension Fund Investment Company, a subsidiary of the Oil Ministry, is slated to issue around $55 million worth of Salaf bonds next week through the privately-run Sepehr Investment Bank to develop Azar Oilfield, an official at the investment bank told Financial Tribune.
Salaf bonds have already been issued for iron ore, petrochemical and mazut projects, but it will be the first time that bonds are being issued to finance a major project in the upstream sector.
Salaf is a type of Islamic loan and does not need to be tied to any asset. Salaf bonds are used for Shariah-compliant purposes, do not have a negative yield and are not subject to market volatility risk.
Salaf contracts have a minimum and maximum rate of interest and Islamic governments often use Salaf to implement development projects or to make up their budget deficit.
In addition, $800 million have been allocated from the National Development Fund of Iran to start production at Azar Oilfield, the director of the field said in a statement.
“Another $800 million are needed for the project to go on stream despite the current funding,” Keivan Yarahmadi was quoted as saying by Shana.
NDFI, a sovereign wealth fund, was founded in 2011 based on a parliamentary bill to transform oil and gas revenues to productive investment for future generations.
Iran has announced plans to raise crude production capacity to its pre-sanctions level and regain the market share it lost to rival producers such as Saudi Arabia and Iraq.
Exports stood at more than 3 million barrels per day in 2011, but fell to a little more than 1 million bpd after tougher sanctions were imposed in 2012 targeting Tehran's nuclear program.
According to Oil Minister Bijan Namdar Zanganeh, Iran has signed deals to export a total of 300,000 barrels of oil per day to European customers since sanctions against it were officially lifted in January.
30,000 bpd Target
Development of Azar Oilfield has made 67% progress and production is scheduled to start in summer by a minimum of 30,000 barrels of oil per day.
Yarahmadi said of the eight wells to be drilled in the early production phase, two are in the works and are expected for completion by mid-May.
Azar Oilfield, located in Anaran block, holds an estimated 2.5 billion barrels of oil in place and is expected to produce up to 65,000 barrels per day once fully developed.
It is one of the six joint fields with Iraq, along with Dehloran, West Paydar, Naft-Shahr, Azadegan and Yadavaran.
Russian oil giant Gazprom signed a memorandum of understanding with Petroleum Engineering and Development Company for the development of the field in 2009.
However, Iran dropped the company from the project in August 2011, saying the development process was taking too long and that a consortium of Iranian companies will replace Gazprom in the project.
However, implementation of the project was delayed due to budget difficulties and complications in drilling operations.
According to officials, the depth of the oil reservoir and the need to drill in different formations have complicated drilling operations.