Saturday, June 22, 2024
World Bank: Spontaneous Gas Combustion Associated With Oil Production Is Rising, 22 JUNE
World Bank: Spontaneous Gas Combustion Associated With Oil Production Is Rising
Arab and international Economy News - follow up A World Bank report revealed on Thursday that oil companies around the world burned the largest amount of natural gas associated with oil production last year in five years.
With only six years remaining to achieve the World Bank's goal of stopping spontaneous flaring of gas associated with oil production, companies burned an estimated 148 billion cubic meters of gas in 2023, an increase of seven percent from 2022, despite crude oil production rising only one percent during the same period. Period.
Natural gas is usually produced from oil exploration, and some companies choose to burn this gas instead of capturing and storing it because providing the necessary infrastructure to deal with it is not commercially viable.
The World Bank’s Global Monitoring Report on Spontaneous Gas Flaring stated that the growth in gas flaring has erased the effect of the reductions achieved in 2021 and 2022, and added that “global efforts to reduce spontaneous flaring of gas associated with oil production are not sustainable and there is a need to take urgent action.” ".
Eliminating this practice would reduce at least 381 million tons of carbon dioxide equivalent from harmful emissions released into the atmosphere.
Nine major oil-producing countries account for 75 percent of gas flaring and 46 percent of oil production.
These countries are Russia, Iran, Iraq, the United States, Venezuela, Algeria, Libya, Nigeria and Mexico, according to the order of the quantities of gas burned.
The report stated that Algeria and Venezuela reduced spontaneous combustion, but these gains were eroded by Iran, Russia, the United States, Libya and other countries.
The World Bank, in cooperation with the Colorado School of Mines in the United States, relied on data from satellites to calculate spontaneous combustion data. Views 102 06/20/2024 - https://economy-news.net/content.php?id=44445
When you receive the 800 number and you are ready to make the appointment BY MARKZ, 22 JUNE
When you receive the 800 number and you are ready to make the appointment:
1. Write down 800 Number:
2. Redemption Center Bank Name:
3. Tell them you’re calling to schedule a foreign currency exchange – make sure to mention you have Zimbabwe Bonds OR ANY other kind of Bonds they may reroute you to another 800 number.
4. Give your name, and zip code: ________ where you want to exchange).
Your appointment information:
Date:________________ Time:_______________
Name: ______________________________________
Location Adderess:______________________________________________________
Items & Suggestions to Bring to the RV EXCHANGE Appointment:
1. Driver‘s License.
2. Second form of ID (passport, work ID, State ID).
3. Your most recent utility bill (Water, Power, etc.) to confirm residency in case you have never held an account with the bank you will be exchanging with or another form of ID.
4. Power of Attorney Paperwork (If you are exchanging for someone else).
5. Bring a note pad, (Blue pen to sign documents) Black to take notes. Bring a calculator.
6. Don’t forget your eye glass and or hearing aid if needed.
7. If you have receipts bring them if you have any, but don’t worry if you don’t (example: currency from the CBD Gurus). Bring the gifting letter if they were a gift in case they are needed (Do not offer them, only do so if they are requested).
8. Bring a list of Cashier’s Check you may need, (if any) along with the exact amounts and who they need to be Payable to.
9. Trust Fund documents (if you have them).
10. BRING your type up humanitarian projects list. Make 4 copies to hand out.
11. Use a business suit case with all of the above listed items.
The Day of Your Appointment!
Key things to remember:
• Be Claim and BREATHE! We finally made it.
• Be professional, and be alert and aware of surroundings.
• Remember the Golden Rule “Treat others the way you wish to be treated”!
• Do not demand anything while at the bank or act like a lunatic, Security will escort you out.
• If you’re going alone and feel safe, great! But if you’re not sure ask a family member or friend to come with you!
• Collect any business cards from whom you meet!
Wealth Manager’s name and phone:
Assistant’s name and phone:
Web page address:
Economic Clarification: Why Do Iraq’s Reserves Not Rise Despite The Rise In Oil Prices? , 22 JUNE
Economic Clarification: Why Do Iraq’s Reserves Not Rise Despite The Rise In Oil Prices?
Money and business Economy News – Baghdad Today, Friday, economic expert Mahmoud Dagher explained the reasons for the failure of Iraq's financial reserves to increase despite the rise in oil prices, while stressing that the country has no hope except by diversifying its output and pressuring spending, especially operational.
Dagher said in an interview with Al-Iqtisad News, “Reserves are not measured by size, but by adequacy, and there are two indicators of adequacy: the adequacy of reserves to cover imports without any exports, and I believe that it reaches Iraq with the existing reserve remaining for approximately 12 months, which is an excellent coverage of foreign reserves for exported currency.”
He added: "If we want to answer the question of why the reserves, which exceed 100 billion, do not increase despite the rise in oil prices, this is due to two reasons. The first is direct and is the result of the Central Bank’s sales rising to 300 million dollars per day to cover imports."
He pointed out, "The second reason is indirect and results from the increase in public spending, especially the salary bill, which, along with retirement, subsidies, and nationals, has reached close to 100 trillion."
The economic expert stated, "The adequacy of reserves is good; since Iraq is an oil economy, it is difficult to rely on adequacy alone due to the possibility of a decline in the price of a barrel." 06/21/2024 - https://economy-news.net/content.php?id=44468
"RV UPDATE" BY TEXAS SNAKE, 22 JUNE
TEXAS SNAKE
Texas Snake, [06/21/2024, 6:30:46 p. m.]:
It's been awhile since I last posted however I only post when the info is confirmed. Well the WF Banker responsible for 5 states exchange centers has advised that all his trained specialists will be on a one hour call to their assigned positions all this coming weekend and were cautioned this event could very well be activated so they should be aware of their duties for the next several weeks.
First they schedule appointments then they operate the necessary machinery at the various banks to complete the exchanges for US currency.
MILITIAMAN CC HIGHLIGHTS NOTES, 30 NOV
MILITIAMAN CC HIGHLIGHTS NOTES Summary Iraq is making significant strides in its economic development, focusing on infrastructure projects,...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...