Shell withdraws from petrochemical project, expresses interest in gas sector in Iraq, 16 FEB

 Shell withdraws from petrochemical project, expresses interest in gas sector in Iraq

Shafaq News/ On Thursday, John Crocker, Shell Global Executive Vice President (Government Relations), explained to the Iraqi Prime Minister the main reason behind Shell's withdrawal from a petrochemical project in Iraq.

During his visit to the Netherlands, Al-Sudani met with Crocker, Mammoet CEO Paul van Gelder, and Saybolt's Government Affairs Manager, Marnix Koets. 

Shell representative explained that "a change occurred in the company's plans regarding petrochemical projects around the world, which was the reason for withdrawing from the Nebras project in Iraq." 

Crocker highlighted, "The company is currently focusing its investments and projects, in all its locations, on the gas sectors, investment, and development technologies." Confirming the company's "strong commitment" to continuing its operations in Iraq, initiated a decade ago, and expressed a serious desire to expand its activities in the gas investment sector. 

In response, Al-Sudani stressed Iraq's eagerness to strengthen cooperation with Dutch companies possessing significant experience in various energy sectors, especially clean and renewable energy. Additionally, he pointed out that Iraq offers numerous investment opportunities for these companies alongside their ongoing projects in the country. 

In parallel, Gelder and Koets expressed their appreciation for the facilities provided by the Iraqi government to foreign companies.

"QFS CONVERSATION" WITH GOLDILOCKS, 16 FEB

 GOLDILOCKS

"Nigeria-Vietnam trade chamber partners UNILAG to revolutionise microchip industry."

Nigeria and Vietnam are making bilateral trade agreements to move forward with the microchip industry. 

As we learned just a few days ago, Nigeria is moving to a free floating rate exchange allowing supply and demand to determine their exchange rate. 

Microchips and semiconductors play a critical role in the Global Economy, and these new demands will increase new economic influences in each other's country and the world.

There is no doubt that this particular move between Nigeria and Vietnam in the microchip industry will influence the exchange rate in both countries. 

© Goldilocks

https://www.businessamlive.com/nigeria-vietnam-trade-chamber-partners-unilag-to-revolutionise-microchip-industry/

https://en.m.wikipedia.org/wiki/Semiconductor_industry

Iraqi Dinar | Iraq’s Exit Chapter VII And Iraq Join Global Currencies-Ir...

Iraq will produce double the electricity coming from Jordan and 2% of Iranian gas!, 16 FEB

Iraq will produce double the electricity coming from Jordan and 2% of Iranian gas!

Iraq is scheduled to start its first trash-to-electricity experiment next month. The project would use 3,000 tons of waste each day in Baghdad, the country’s capital, to generate energy equal to double the amount that will enter Iraq via Jordan and 2% of Iran’s gas supply.

Karim Azab, Assistant Director General of the Baghdad Municipality’s Department of Environment and Solid Waste, clarified that the project’s investing company will be chosen at the beginning of March of next year. This is because the Municipality has designated the Al-Nahrawan area on the Rusafa side as the location for the project’s implementation, provided that the landfill site is designed in accordance with international environmental specifications and standards. Al-Sabah, the official newspaper, claims.

He emphasized that by investing 3,000 tons of garbage every day, the project, whose implementation would take 24 months, will help save 80 to 90 megawatts.

He said that the Municipality of the Capital is working to invest about 6,000 tons of waste per day through the two aforementioned projects, and that the Municipality is planning a similar project on the Karkh side in the Abu Ghraib region. He said that this project will be announced as an investment opportunity after the lands on which it will be implemented have been expropriated.

The 6,000 tons represent about half of the rubbish that Baghdad discards on a daily basis. Regarding the electricity production from the Nahrawan project, which is expected to reach 80–90 megawatts, this is equal to twice the amount that will be supplied to Iraq from Jordan within the first phase of the electrical connection, which is 40 megawatts, for which contracts were signed two days ago. It is anticipated that this amount will rise to 150 and then 500 megawatts in the second phase.

Remarkably, 90 megawatts is also equal to 2% of Iraq’s entire electrical production from Iranian gas.

"ARE YOU LISTENING TO ME?" BY MNT GOAT, 16 FEB

MNT GOAT 

...So, when this “temporary” new IQD rate does come out in Iraq, in the meantime it gives Iraq time to monitor for inflation and watch for corruption scandals. They plan to do this for a period of time. It could be 3 days, 3 weeks or even 3 months, etc.. We don’t know and they don’t know. 

 Personally, I believe it will be much sooner than later unless they have a major issue in the process. 

Remember too in today’s news they tell us it is recommended to take a month to collect the three zero notes .

 Coud this be their time period?

 But they have not even started the process yet and so how can we possibly have an RV this week or this weekend or even for weeks to come? 

Are you listening to me?

 I am attempting to show you how foolish all these idiot intel gurus are. They have no proof of an imminent RV. Most just regurgitate what they hear and have no brains to research or   how to research for themselves.

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Iraq follows Russia as second largest oil supplier to India, 16 FEB

Iraq follows Russia as second largest oil supplier to India

According to data released by the Indian Ministry of Commerce and Industry, as of December 2023, Iraq was India’s second-largest oil supplier, after Russia.

The data shows that the cost of Russian crude oil sold to India dropped to $77.82 per barrel, while the cost of oil exports from Iraq was $79.34 per barrel.

India, the world’s third-largest oil consumer, is said to get its oil mostly from Russia and Iraq.

Since the invasion of Ukraine in early 2022, when several purchasers refrained from purchasing Russian oil, Indian oil refineries have been scurrying to purchase low-cost Russian oil.

Since the middle of 2023, oil exports from Russia have become comparatively more costly, trading at values that are quite comparable to those from Iraq.

Saudi Arabia is India’s third-largest oil supplier, and its oil imports are said to be the priciest of all. In December 2023, the average price at which Saudi Arabia exported crude oil was $87.19 per barrel.