BACKDOC: GOOD EVENING ALL! MMMMM HEE HEE
DON'T FORGET THEY ARE SELLING JOINT BONDS TOGETHER FOR FINANCING THIS PROJECT! (see article below:)
NOW I ASK YOU, WITH ALL THE ARTICLES WE HAVE SHOWN YOU NOW ABOUT MINERAL MINING PARTNERSHIPS, OIL, ECT., DO YOU THINK THESE TWO SHIA BROTHERS WILL HAVE COMPARABLE CURRENCIES? HEE HEE DOC IMO
Mountainman: You KNOW......I "THINK" these MUSLIM BROTHERS.....Should Just "SQUEEZE" each Other in this KODAK Moment....because The $$$$$$$$ "they" are Going to Make .......Is OUT of this WORLD......LOL.....IMO
Thunderhawk: Iran, Iraq negotiate joint oil projects
Minister of Petroleum Bijan Zangeneh expressed hope that Iran and Iraq will be able to reach agreements on joint projects during the on-going visit by a delegation from the Iraqi Oil Ministry.
He made the remarks during a meeting with visiting Deputy Minister for Gas Refineries at the Ministry of Oil Fayaz Hassan here on Tuesday during which expansion of bilateral relations were discussed.
“It is for a long time that Iran and Iraq are negotiating over a number of joint projects which will serve the interests of both countries and their peoples,” Zangeneh said, Shana reported.
“We hope that there would be progress on some of the joint projects,” he added.
The Iraqi official also hoped that bilateral negotiations will result in satisfactory results.
BACKDOC: WHY AM I NOT SURPRISED THUNDER?
THEY SLIPPED IN THEIR REFORMS UNDER THE SKEPTICAL U.S. INVESTORS NOSES! HEE HEE AHHH BUT NOT MINE OR YOURS THUNDER! HEE HEE WE BOUGHT EARLY AND OFTEN WHEN WE BROUGHT "THE DEAL"! DOC IMO
Mountainman: You gotta Love these Iranians.......It's Like they said Ok these "SANCTIONS" Are BRUTAL to Our Country.....so We Will "TRY" and PLAY by the RULES.....But This is (PRETTY SMOOTH) in My BOOK......=Keeping Your "TOP" Bankers in the EUROPEAN Banks....Not too Shabby....IMO......I didn't say SHABIBI......Silly......
Thunderhawk: CBI governor expects western states to improve Iran's credit status
Governor of Central Bank of Iran (CBI) Valiollah Seif said on Tuesday that the Islamic Republic of Iran expects the western governments to improve Iran's credit status corresponding to the pre-sanctions era.
He made the remarks in a meeting with Slovakia Economy Minister Vazil Hudak.
Seif said that Iran and Slovakia enjoy satisfactory background of banking relations which will serve to help develop economic cooperation in post-sanctions era.
On the necessity to heed the banking standards related to principles of corporate governance and transparency, he said that Iranian banks are committed to international regulations and they have done nothing wrong to bring penalty to European banks.
The CBI governor made clear that Iranian banks' main agents were often the agents of the top-ranking European and international banks.
He said that the post-sanctions era have positive context to improve the atmosphere for banking cooperation and CBI is ready to solve any ambiguity in the current of negotiations.
He recalled final approval of Law to Combat Financing for Terrorism, Seif said that after negotiations with some Governors of European Central Banks, they have agreed to drop Iran's name from the list of non-cooperative countries so that the Slovak banks can cooperate with Iran with no concern.
He said that CBI started operation with its trade partners including Italian Export Credit Agency, SACE and COFACE and Austria's export insurance institute and with Hermes of Germany.
Seif suggested opening representative offices of Slovakian Banks in Iran which was welcomed by Slovakian side.
Slovakian Economy Minister Vazil Hudak said that Slovakian Government is willing to cooperate with Iranian public and private banks.
Thunderhawk: Over 55 MoU signed in investment conference
General Manager of Economy and Finance of Semnan Province said over 55 memoranda of understanding worth over 20 thousand billion rials were signed in the first Investment Conference of Semnan Province which commenced on Sunday.
Amir Khalilikhah said 99 projects with a total value of 38 thousand billion rials had been picked for presentation to the conference in the four agricultural, cultural and tourism, industry, mine and infrastructure, and energy and civil services sectors.
However, he added, 12 MoU in the agriculture sector, 18 in cultural and tourism, 9 in industry and mine and over 16 in infrastructure energy and civil services were signed in the conference.
Pointing to the presence of representatives of two foreign investors in the conference, from Japan and India, he said one company representing a Japanese producer has announced readiness for cooperation in the field of infrastructure and wagon manufacturing.
The first conference on investment was held in the presence of 300 investors, economic activists from the private sector and government directors which was also attended by Mohammad Khazaei, Deputy Economy Minister.
Mountainman: Hey.....Hey Who....Me.....Yes YOU....USA......As IRAN gets "CLOSER" to The Negotiated DEALS/BENCH MARKS w/their ECONOMY and of Course their BRO SHIITE TWIN=IRAQ READY as Well.....It's No (WONDER) USA is Easing Up W/the UST/OFAC........SPRINGING Up w/OIL and the REST is PERFECT TIMING.....to Set those "SPRING FORWARD" Clocks!!!!.......IMO as Well
Thunderhawk: Japanese, German, US insurers call for rendering services to Iran in post-sanction era
Demands of major Japanese and German insurers and expectation of the Americans for issuance of legal permissions for rendering services to Iran in the post-sanction era, have been outlined in the latest report of Central Insurance Company on the situation of international communication with foreign insurance companies.
According to the report, negotiations are underway between the IG international clubs with the US Department of Treasury for obtaining permission for rendering insurance coverage to the Iranian oil tankers by the American reinsurers.
Meanwhile, ban on the American Steamship Owners Mutual which is one of the 13 members of the IG group for rendering P&I insurance to the Iranian vessels has been removed by Office of Foreign Assets Control (OFAC) of the US Department of the Treasury.
In this regard in the post-sanction era, the Korean P&I Company has announced readiness for cooperation with Kish P&I Club for the joint issuance of Certificate of Entry, LOU, and Blue Card of the EU.
The Turkish P&I is also intended to cooperate with Kish Club.
Certificates for the insurances of Kish P&I Club has been obtained from Italy and Spain and obtaining certificates from Panama, Cyprus, Malta, Britain, France and Sweden is underway.
BACKDOC: AS IRAN RE-ENTERS THE WORLD AT BLINDING SPEED IT SEEMS THE BEST THE U.S. CAN MUSTER IS A LITTLE SLAP! ON THE HAND AND CONTINUE TO LOSE OUT OF MASSIVE BUSINESS PROJECTS THAT WILL BE SUCKED UP BY OTHER ECONOMIES AROUND THE GLOBE.
I GUESS SOMEONE WAS SUCCESSFUL AT REDISTRIBUTING SOME WEALTH WEREN'T THEY? MMMMM
WHY IS IT THAT THE WHOLE WORLD HAS RELEASED IRAN BUT THE U.S. FROM SANCTIONS? MMMMM
WAS IT PLANNED THAT WAY TOGETHER? IT SURE MAKES ONE WONDER. IT HAS GIVEN IRAN A HEAD START IN THEIR MONETARY REFORM. DOC IMO
Thunderhawk: Backdoc Alert
Iran fires ballistic missiles, U.S. hints at diplomatic response
Iran's Islamic Revolutionary Guards Corps (IRGC) test-fired several ballistic missiles on Tuesday, state television said, challenging a United Nations resolution and drawing a threat of a diplomatic response from the United States.
Two months ago, Washington imposed sanctions against businesses and individuals linked to Iran's missile program over a test of the medium-range Emad missile carried out in October 2015.
U.S. State Department spokesman Mark Toner said Washington would review the incident and, if it is confirmed, raise it in the U.N. Security Council and seek an "appropriate response".
"We also continue to aggressively apply our unilateral tools to counter threats from Iran's missile program," Toner added, in a possible reference to additional U.S. sanctions.
An Iranian state television report showed a missile being fired from a fortified underground silo at night time. The presenter said it was a medium-range Qiam-1 missile, and the test took place in the early hours of Tuesday.
The report said the Guards had fired several missiles from silos across the country, though it only showed footage of one. "The missiles struck a target 700 km away," said Brigadier General Amir Ali Hajizadeh, commander of the IRGC's aerospace arm.
State-run Press TV had earlier shown footage of the Emad missile, Iran's most advanced model under development, being fired. However, that footage appeared to be of the earlier October launch that triggered the U.S. sanctions.
U.S. and French officials said a missile test by Iran would violate U.N. Security Council resolution 2231, which calls on Iran not to conduct "any activity" related to ballistic missiles capable of delivering nuclear weapons.
However, Washington said that a fresh missile test would not violate the Iran nuclear deal itself, under which Tehran agreed to restrict its atomic program in exchange for relief from economic sanctions. The deal was endorsed in resolution 2231.
It is unlikely the Security Council would take action on Iranian missile tests, diplomats say.
While most of its 15 members would agree with the United States and France about a likely violation of resolution 2231, Russia and China, which have veto power, made clear during negotiations on the Iran nuclear deal they did not agree with continuing the U.N. restrictions on Tehran’s missile program and arms trade.
Hajizadeh said sanctions would not stop Iran developing its ballistic missiles, which it regards as a cornerstone of its conventional deterrent.
"Our main enemies are imposing new sanctions on Iran to weaken our missile capabilities … But they should know that the children of the Iranian nation in the Revolutionary Guards and other armed forces refuse to bow to their excessive demands," the IRGC's website quoted Hajizadeh as saying.
Iran always denied any link between its ballistic missiles and its disputed nuclear program, which is now subject to strict limitations and checks under the nuclear deal.
Tuesday's test is intended "to show Iran's deterrent power and also the Islamic Republic's ability to confront any threat against the (Islamic) Revolution, the state and the sovereignty of the country", the IRGC's official website said.
While any missile of a certain size could in theory be used to carry a nuclear warhead, Iran says the Emad and other missiles are for use as a conventional deterrent. Recent work has focused on improving the missiles' accuracy, which experts say will make them more effective with conventional warheads.
(Reporting by Bozorgmehr Sharafedin in Dubai, Doina Chiacu and Arshad Mohammed and Andrea Shalal in Washington, John Irish in Paris and Lou Charbonneau at the United Nations; Writing by Sam Wilkin; Editing by Gareth Jones and Alistair Bell)
BACKDOC: THE BOND MARKET IS CLEARLY INDICATING A CONTRACTING ECONOMY WHICH LOOKS TO BE SCARY!
REMEMBER IF WE HAVE A FIAT CURRENCY MELTDOWN YOU WILL BE GLAD YOU KEPT YOUR POWDER DRY IN YOUR ASSET BACKED DINAR! DOC IMO
Thunderhawk: Backdoc Alert
Is the dollar calling the bond market’s bluff?
The bond market has been making moves that the U.S. dollar just isn't buying.
On Monday, short-term bond yields hit their highest levels since January. This reflects slightly increased expectations on how willing the Federal Reserve will be to raise its interest rate targets over the course of the year.
But Boris Schlossberg of BK Asset Management sees one big problem with the recent move higher.
"Something interesting is happening right now. Yes, yields on the short-term bonds are going up, but the currency market is totally not buying it. The dollar is not rising," Schlossberg said Monday on CNBC's "Trading Nation."
Schlossberg said given the rise in short-term yields, the dollar should be rising against the yen and the euro. Expectations of increasing short-term rates tend to boost the dollar against other currencies, as it increases the yield that traders can hope to earn by holding dollars.
The unusual divergence "tells me that maybe this is just a fake-out rally in yields in the near-term ... and the market is simply getting ahead of itself," he said.
Marc Chandler, head of currency strategy at Brown Brothers Harriman, said that while U.S. bond yield premiums over other countries have reached multiyear highs, the dollar has been constrained by investor caution.
"That interest rate differential is the underlying trend, but under that trend is noise. It hasn't convinced everybody that everything is good again," Chandler told CNBC in a phone interview Monday.
He said investors are still looking for a hedge or insurance for lingering market uncertainty, and one strategy is to be long the Japanese yen. He also likened the situation to the continued gains in safe-haven gold, even as U.S. stocks have bounced greatly from the year's steep plunge.
Chandler said weakness in global markets has made the U.S. market more attractive by comparison. However, technician Ari Wald of Oppenheimer believes low interest rates in Germany and Japan will weigh on long-term bond yields in the U.S., even as short-term yields rise.
"We think it's going to remain anchored by global growth concerns. If you look at the trends between the two you can really see a notable difference," Wald said Monday.
Unlike the 2-year Treasury yield, Wald noted that the 10-year yield has fallen below its 200-day moving average, a technically important measure of asset movements.
Schlossberg agreed that long-term bond yields in the U.S. will have trouble fighting off pressure from weak global economies and low international bond yields.
"It's really hard to have U.S. yields go up when the rest of the world is trying to drag it down," he said. "We're in uncharted territories. I don't think anybody can really forecast how this whole thing unwinds."
BACKDOC: I LOVE THE OIL RECOVERY IN BRENT CRUDE UP TO $41.00/BARREL! HOW CONVENIENT THAT PEAKED ON THE 8TH!
THE UNIVERSAL CURRENCY SEEMS TO BE TRYING TO DEPEG FROM THE DOLLAR BUT THAT HASN'T HAPPENED ENTIRELY YET BUT MAYBE WE ARE SEEING POSSIBILITIES SINCE CHINA HAS ESSENTIALLY CHANGED THEIR CURRENCY RELATIONSHIP TO THE DOLLAR!
THE RECENT RISE IN COMMODITIES MAY BE SHORT LIVED SINCE WE CONTINUE TO SEE CONTRACTION IN THE GLOBAL ECONOMIES!
AS DEFLATION GRIPS GLOBAL ECONOMIES WE SEE DRAGI FROM THE ECB READY TO DEVALUE THE EURO AGAIN WITH MORE AGGRESSIVE EASING! MMMM
IT SEEMS WE ARE SEEING WARNING SIGNS COMING FROM EVERYWHERE ON THE GLOBAL STAGE. DOC IMO
Mountainman: Sheesh HAWK.......These Guys are Just Going to have to Get ALONG to GO A Long.....Way that is.........A Competitive Market will Bring Out the BEST and The Worst of "INTENTIONS"....which is More than likely going to "HURT" the SHALE Production Market........IMO
Thunderhawk: Backdoc Alert
U.S. shale-oil output is still increasing in the Permian Basin
When it comes to shale-oil regions in the United States, not all of them are created equal.
Oil production in the Permian Basin, which spans from western Texas to southeastern New Mexico, has been much more resilient in the face of the near-65% drop in oil prices CLJ6, +0.30% since mid-2014 than other shale regions, according to Charles Perry, chief executive officer of energy-consulting firm Perry Management.
According to the EIA, the Permian Basin is the largest crude-oil producing region in the U.S., and output from that area has exceed production from the offshore Gulf of Mexico region since March of 2013.
“Almost any location in [that region] can be a shale-oil project,” Perry said.
‘If you are in an oil-producing related business, the Permian Basin is the place to be in 2016.’
It has six major shale-oil producing formations: Spraberry, Wolfcamp, Bone Spring, Glorieta, Yeso and Delaware.
Some companies have “‘pulled their horns’ in all other shale-rich fields and are now concentrating all of their drilling in the Permian Basin,” said Perry, noting that Pioneer Natural Resources Co. PXD, -3.82% has said it was going to shut down drilling in the Eagle Ford and concentrate on the Permian Basin.
Pioneer is “probably the most active producer in the Permian Basin,” said Perry. Other major Permian Basin drillers include Chevron Corp. CVX, -2.13% Concho Resources Inc. CXO, -5.64% Occidental Petroleum Corp. OXY, -4.60% and ConocoPhillips COP, -6.71%
“If you are in an oil-producing related business, the Permian Basin is the place to be in 2016,” said Perry.
Link to Part 2