Wallpop: backdoc, In your opinion, how long will it take for the new US asset backed currency to take the place of the repriced fiat dollar? Thanks for all you ThunderHawk do.
BACKDOC: SINCE IT WOULD ONLY BE MY GUESS!
SOMETIME BETWEEN NOW AND MID YEAR AS THE IMF HAS SAID! THEY WOULDN'T LET THE OLD SYTEM FAIL WITHOUT THE NEW ONE READY! HEE HEE
DING DONG DOC IMO AND WE ALL HAVE ONE HEE HEE
BACKDOC: WE MAY BE EARLY HERE BUT ARTICLES LIKE THIS DOESN'T MAKE US CONFIDENT THE PETROL DOLLAR WILL BE ALIVE AND STRONG DOES IT? AHH NO!
CAN YOU IMAGINE THE FLIP FLOP THAT WOULD OCCUR IN THE RESERVE CURRENCY STATUS ARENA IF THE SAUDI RIAL OFFICIALLY DE-PEGGED AND SETTLED ALL OIL CONTRACTS IN YUAN? MMMM
WELL, WE AREN'T THERE AND MAY NEVER BE THERE BUT RESOLUTION TO THEIR CURRENCY HALT AND RECENT DOWNGRADE ON THEIR DEBT MAKES US HIGHLY SUSPICIOUS OF POSSIBILITIES LIKE I SUGGEST!
Thunderhawk: Saudi Dollar Diplomacy Weakens Alliance With United States - Report
The US alliance with Saudi Arabia is under increasing strain as the desert kingdom’s King Salman accelerates efforts to win allies, as evidenced by the recent gift of $5 billion to Sudan, the private intelligence company Stratfor said in a report on Wednesday.
On Tuesday, the Saudi government gave $5 billion to Sudan after a meeting between Sudanese President Omar al-Bashir and Saudi Foreign Minister Adel al-Jubeir, Stratfor explained.
"Saudi Arabia's friendship comes at a cost, and the cost appears to be rising," Stratfor stated in the report. "During the reign of King Salman, Saudi Arabia has accelerated its efforts to buy allies; the developing US-Iranian relationship last year spooked Saudi Arabia into swifter action in solidifying and identifying its friends in the Middle East."
King Salmon ascended to the Saudi throne in January 2015, following the death of his half-brother, King Abdullah.
But Stratfor focused on Iran’s recent acceptance of a nuclear agreement with leading members of the UN Security Council and Germany — also known as the P5+1 group — as the primary reason for the Saudi effort to improve relations with fellow Sunni Muslim states.
Implementation of the nuclear deal further convinced Saudi Arabia that it was being alienated from the United States and other allies, and it set the stage for geopolitical competition with Shia-dominated Iran, Stratfor explained.
The United States has named Sudan as a state sponsor of terrorism, along with Iran and Syria.
http://nvs24.com/news/world/Saudi-Dolla ... 40807.html
BACKDOC: I JUST LOVE THAT WORD IMPLEMENTATION DON'T YOU? HEE HEE
I ALSO LOVE PARTNERSHIPS.
INTERESTING THAT WE SEE ACTIVATION OF THIS PARTNERSHIP WHILE WE ALSO SEE THE ECONOMIC CONFERENCE ON THE 6TH AND 7TH OF MARCH!
MMMM WHAT'S LEFT TO DO AFTER A CONFERENCE? OF COURSE LAUNCH YOUR PROJECTS THE DAY AFTER! MMMM THE 8TH ?? INTERESTING! DOC IMO
Walkingstick: A large economic conference in Basra early next month on the
implementation of the port of Faw
announced by the Commission on the economy and investment representative, for holding a large economic conference the beginning of the month of March next steps to activate the implementation of the project port of Faw.
Said committee member Abdul-Salam al-Maliki told all of Iraq [where] that "a large economic conference to be held early next month in Basra, attended by major international companies and owners of capital to activate the subject of the port of Faw."
He noted that "the project is supposed to submit it to specialized companies, and the a public offering of Basra province to participate in the project, the contribution of the ordinary citizen companies by 51%, and the remaining 49% developed to work for companies, but the provincial council is no longer up to now an integrated project in this regard. "
Maliki reiterated" the need to view the project as an investment opportunity, especially with the provide serious measures to build and all eyes are on him as a global economic area and an independent administration, and thus will bring economic benefit of Iraq. "
he believed that" the project needs special laws regulating the work, and take advantage of the international effort and is owned by international companies of money and expertise heads, and make the great port of Faw authority independent. "
Maliki pointed out that" the project will be among the 10 largest ports in the world, and Cedar money for the Iraqi people in general.
the transport Minister Baqer al-Zubaidi, presided over Tuesday February 23, an expanded meeting special to complete the preparation of a national conference requirements about the possibility of implementing a project port of Faw and clarifying visions to prepare a working paper doable solutions in more detail.
the ministry said in a statement received [where] a copy of "the meeting was attended by chairman of the Committee on economy and investment parliamentary Jawad al-Bolani and representatives from the ministries of oil, planning and investment Authority and a number of specialists in the project. "
the port of Faw has been performed it breaker eastern waves by 98% by the Greek company and breaker western waves by 24% by the Korean Daewoo company
note that the project will be held on the land of an area of 54 square kilometers and includes sidewalks containers and cargo variety The sidewalks of petroleum products and materials for the ration cards, in addition to a large industrial park and tourist resort stores refrigerated and Yards parking trucks, trains, which will be considered a landmark for Iraq, the Gulf and supporting the national economy and employment for the people of Basra.
http://www.alliraqnews.com/modules/news ... ryid=31119
Thunderhawk: AGAIN PEOPLE: This is why we have a waiting room
MMMM - Sound like the hydro carbon law.
What say you DOC Blessings ThunderHawk
BACKDOC: IRAQ'S SHIA BROTHER IS RUNNING LIKE THE GINGERBREAD MAN TO GET CAUGHT UP BEFORE THEY RUN ACROSS THE FINISHING LINE TOGETHER!
SERIOUSLY, THE NEWS COMES FASTER AND FASTER WITH IRAN, WHILE IRAQ IS DRAGGING A FOOT ALONG SIDE THEIR BIKE TO SLOW DOWN WHILE THEY WAIT FOR THEIR SHIA BROTHER!
YES,THIS IS THEIR VERSION OF HCL, YIPPIE!!
IF YOU EVEN DOUBT THAT WE ARE NOT CLOSE TO COMPLETION THINK AGAIN!
WHEN DO YOU THINK IRAN WILL BE PAID FOR THEIR RECENT TWO OIL SHIPMENTS? MMMM
I'LL STOP ON THAT NOTE FOR NOW! DOC IMO
Oil Industry Joint Venture Law Workshop in Tehran
A three-day workshop on using joint operating agreements (JPA) in the petroleum industry will be held here on February 28 – March 1.
Themed “Joint Operating Agreements: International Practices and Challenges”, the workshop will be run by Eduardo Pereira, attorney and international energy consultant, and adjunct professor of energy law, Shana reported.
In oil and gas projects, the unique combination of expense and risk requires that participants often share the burden by forming some form of joint venture. The JOA is the constitution form of the joint venture given the huge size of the investment.
The upcoming energy law event in Tehran is sponsored by the Association of Petroleum Industry Engineering and Construction Companies, with The Hague-based Creative Business Consultancy (CBS) Energy as the organizer.
In the capacity of a client-driven and consultancy services firm, CBS and its office in Tehran liaise between Europe and Iran and provide market intelligence and strategic advice for oil and gas projects.
BACKDOC: CAN YOU IMAGINE WHAT THE WORLD WILL BE LIKE WITHOUT THE EURO POTENTIALLY?
WITHOUT A SHENZENG AGREEMENT COUNTRIES WILL BE LOOKING FOR NEW PARTNERSHIPS AND DEALS SINCE EVERY COUNTRY WILL BE ON THEIR OWN!
THE GERMANS HAVE THE BEST ENGINEERS IN THE WORLD. IT'S NO WONDER IRAN WILL NEED THEIR SERVICES! DOC IMO
Thunderhawk: Bright future for Iran-German trade ties
Indications are growing that the richest European country, Germany, is set to return as Iran’s top trade partner again with officials saying that plans have been devised to increase trade between the two countries by four folds.
As Iran starts returning to the global economic stage following the landmark nuclear deal which has led to the termination of Western sanctions in accordance with the July 14, 2015, Joint Comprehensive Plan of Action (JCPOA).
Several countries have ceased the opportunity rushing to Iran from four corners of the world including Germany, UK, Italy, Singapore, Indonesia, Bulgaria and etc., vying over Islamic Republic's lucrative market.
Responding to the enthusiastic delegations arriving in Tehran, a 60-strong trade delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has recently traveled to Germany.
Iran and Germany believe that the value of trade between the two countries could double from the current level of €2.4 billion.
On Feb. 17 Iran's Deputy Labor Minister and head of the Organization for Technical and Vocational Training, Mohammad Amin Sazgarnejad underlined the need for expanding ties with Germany for the transfer of technology.
Sazgarnejad listed possible areas of cooperation including the dispatch of Iranian trainers to Germany, presence of German trainers in Iran, defining professional career and skill standards as well as creation of specialized vocational training centers in Iran by German industries.
He also stressed the need for long-term presence of qualified personnel in teacher training centers.
He pointed to the dual educational system in Germany noting, 'In line with economic activities, German firms are required to establish technical and vocational training centers which suit local conditions in Iran.'
**Germans Came First:
Germany which enjoys the unique technological know-how, was one of the first European countries that seized the chance to send a major trade delegation to Tehran to look for the avenues to expand economic ties after July 14, 2015 nuclear deal between Tehran and the P5+1 -- the US, Russia, China, France, Britain, and Germany -- was finalized.
Five days after the nuclear deal, Germany’s Economy Minister and Vice Chancellor Sigmar Gabriel arrived in Tehran for a two-day visit at the head of a 60-strong delegation included representatives of big German industrial companies such as Linde, Siemens, Mercedes, BASF, Volkswagen Group, and GIZ.
Later, Germany’s Deputy Minister of Economic Affairs Matthias Machnig told reporters that Gabriel’s visit had opened a new chapter in relations between Iran and Germany.
Machnig said that the German industries can make “a substantial contribution” to Iran's modernization after the removal of the sanctions against the country.
On January 2016, former German Chancellor Gerhard Schroeder headed a trade delegation for an unofficial three-day visit to Tehran.
Schroeder said that German companies seek to invest in Iran especially in the field of transportation and infrastructure.
'The presence of German companies in Iran can open a new chapter in the development of economic relations of the two countries,” Schroeder noted.
On November 2015, Iran’s Ministry of Energy signed an agreement with a German company to build 1,250 megawatts of solar power plant projects in the hydrocarbon-rich country’s latest move to go green with its energy supply chain.
Under the deal, the Germans will build several solar farms in Tehran, Tabriz and Isfahan as Iran embraces clean energy.
The plan for Tehran is to build 500 MW of solar energy projects, including 150 MW in Kahrizak, 200 MW in Varamin and 150 MW in Malard.
A further capacity for 750 MW of photovoltaic energy will be installed in central Isfahan and northwestern Tabriz.
According to media reports Siemens intends to supply the country with wind turbine equipment.
In August 2015, Iran and Germany signed a document for generation of 100 MW of wind power plus 400 MW of solar in the southern Khuzestan province.
German companies are reportedly about to begin building wind farms in Iran at a cost of $331 million next year.
The Iranian government plans to install 5,000 MW of renewable capacity, putting Iran among the likes of the UK and France. The Ministry of Energy is already implementing 500 MW wind converters and further 100 MW biomass projects.
Iran’s renewable energy potential is huge, where only the wind capacity is estimated at 30,000 megawatts.
The existing renewable mix is focused on hydro power plants which produce about 8,500 MW. Just 150 MW of green power plants are currently operating in the country.
In the meantime, a consortium of Iranian, Indian and South Korean companies seeks to set up an energy park in the Khuzestan province in a project worth $10 billion, including 1,000 MW of solar projects.
Environment Protection Cooperation:
On Nov 2015, Deputy Head of the Department of Environment Saeed Motesadi said Iran and Germany are to expand cooperation in the field of environment protection.
Motesadi said that Iran and Germany will also work on mechanisms for economizing energy consumption, checking air pollution, wastage management, upgrading systems and laboratory equipment and environment protection routine tests.
Daimler, Benz & Iran Khodro:
On Jan. 18, Iran Khodro Industrial Group, the biggest auto manufacturer in the Middle East, and Germany’s Daimler Company, the owner of several subsidiary and big brand auto companies such as Mercedes Benz, Mercedes-AMG and Smart, signed a Memorandum of Understanding on establishment of two joint companies.
Iran Khodro and Daimler have agreed to launch strategic cooperation as major truck producers worldwide.
The two Iranian and German auto giants have also planned to establish two venture companies using each other's capacities to consolidate their positions and set up a major commercial auto production hub in the region.
The MoU was inked by Iran Khodro's Managing Director Hashem Yeke Zare and Daimler Trucks head Wolfgang Bernhard.
'So, now that anti-Iran sanctions have been lifted, we are planning to speedily resume business in the market,' Bernhard said.
Among other projects to come online between the two countries are joint ventures to establish a shipping line and establishment of a university as well as bilateral cooperation in the fields of agricultural and food activities to mention a few.
Now a bright future is ahead of Iran and other countries to reinforce their all-out cooperation. But the important point is that Tehran should be mindful of sustainable development and employ and adopt technologies and know-how that are required for its joint ventures with other developed companies.
Link to Part 2