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tyres

Iran's Atomic Ayatollahs Thread

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I guess with the sanctions lifted, Iran is going to be a big player again , so worthy of its own thread.

Is ‪#‎Iran‬ becoming "the vital third leg of what will become a genuine Eurasian Golden Triangle"? F. William Engdahl

Golden Triangle: Iran, China, Russia to Drive the World Away From Dollar

"Sometimes profound tectonic shifts in the global politics arise from the least noticed events. Such is the situation with Iran and the recent visit to Tehran of China's President Xi Jinping. What emerged from the talks confirms that the vital third leg of what will become a genuine Eurasian Golden Triangle, of nations committed to peaceful economic development, is now in place," American-German researcher, historian and strategic risk consultant F. William Engdahl writes in his article for New Eastern Outlook.

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also

by Pepe Escobar:

Silk Dragon Takes Persian Road

He came, he saw, and he pocketed all the deals that matter. Chinese President Xi Jinping’s tour of Southwest Asia – Saudi Arabia, Iran and Egypt – could easily be sold anywhere as your typical Chinese-style win-win. On the PR arena, Xi did a sterling job polishing China’s image as a global power. Beijing scored diplomatically on all counts, obtaining several more layers of energy security (over half of China’s oil come from the Persian Gulf) while expanding its export markets and trade relations overall. In Iran, Xi oversaw the signing of 17 politico-economic agreements alongside Iran’s President Hassan Rouhani. Yet another diplomatic coup: Xi was the second leader of a UN Security Council member country to visit Tehran after the nuclear deal struck in Vienna last summer; the first was President Putin, in November. Note the crucial Russia-China-Iran interaction.

more here..

Edited by tyres

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I should think so.

They are also essential to peace between two big players in Pakistan and India, as energy needs mean the gas pipeline project to pump Iranian gas through Pakistan and India was stopped by the good ol' US and Saudi interests. The crazy lot there are only as big as say the crazy lot here or in any other democracy.

Once money starts regenerating key parts of Iran, increased relationships will have a profound effect on all societies; for the good, leading to regressive elements having nothing to rally against!

I see the US waning in it's imperial power and Europe-Asia-South Asia enjoying some semblance of prosperity despite the Middle East imploding.

Trump/Cruz may have other ideas.

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Non-Dollar Trading: Emerging Economies Deal a Heavy Blow to Petrodollar

"Ditching the dollar, Iran and India have agreed to settle all outstanding crude oil dues in rupees in preparation to future trade in their national currencies. The dollar dues — $6.5 billion equaling 55 per cent of oil payment — would be deposited in National Iranian Oil Co account with Indian banks," The Indian Express reported on January 5, 2016.

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Iran Playing 'Chess' With US by Moving Away From the Petrodollar

Iran has decided to conduct its oil trade in euros, not US dollars, unconfirmed reports have suggested. Economic analyst Shabbir Razvi told Radio Sputnik that Tehran is apparently playing a "delicate" chess game with Washington.

"Iran is trying to make its relationship with the US and the world more amiable than it has been in recent past. However, at the same time Iran does not want the US to become any stronger. This is really a chess game the Iranians are playing vis-à-vis the US," Director of the International Dialogue Foundation in London noted. Iran's oil contracts in euros already include recently signed deals with French Total, Russia's Lukoil and Spanish Cepsa, an unnamed source in state-owned National Iranian Oil Company told Reuters on Friday.

Read more: http://sputniknews.com/business/20160208/1034387238/iran-oil-us-dollars.html#ixzz3zacwHHKy

https://soundcloud.com/radiosputnik/160207-iran-razvi

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4 oil producers agree output freeze, Iran refuses

Brent crude futures pared gains Tuesday following news that Qatar, Saudi Arabia, Russia and Venezuela would lead an effort to freeze output at January levels, dashing hopes of a cut in production.

Oil producer Iran swiftly dashed hopes of a deal however, saying it would not abandon its share in the oil market, although Reuters cited two two sources familiar with the matter as saying the OPEC member could be offered special terms under a global deal to freeze oil production levels.
"Iran has its own model and the meeting is taking place in Iran. Iran is returning to the market and needs to be given a special chance but it also needs to make some calculations," said one of the sources, who were not from Iran.
But fellow oil producer Iraq said it was ready to freeze production at January levels if an agreement was reached among OPEC and non-OPEC countries.

more here...

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Edited by tyres

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Now Iran has one thing nobody else (of significance) in the Middle East can boast.

A direct land route to China!

http://news.yahoo.com/first-silk-road-train-arrives-tehran-china-134703954.html?nf=1

The first train to connect China and Iran arrived in Tehran on Monday loaded with Chinese goods, reviving the ancient Silk Road, the Iranian railway company said.

This will change the economy of the region significantly.

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Wow. Big money.

BASF May Invest $4 Billion In Iranian Petrochemical Project

[iran’s National Petrochemical Co.] (NPC) is also in negotiations with the engineering arm of France’s Air Liquide to build a 500,000-metric-ton-per-year methanol-to-propylene plant, according to the firm’s website. Esmaeil Qambari, managing director of Iran’s Petrochemical Research & Technology Co., is reported as saying that Air Liquide has begun operating a pilot methanol-to-propylene plant in Mahshahr, Iran.
Similarly, in recent days the Italian engineering firm Maire Tecnimont has signed an agreement with Persian Gulf Petrochemical Industries Co. worth $1.1 billion to build refineries and petrochemical plants in Iran.
Earlier this month, Danish catalyst and process technology firm Haldor Topsoe opened an office in Tehran and signed a contract with Badr-e-Shargh Petrochemical Complex for licenses, engineering, equipment, materials, and catalyst for a new methanol plant in Chabahar, Iran.
Other firms that also are looking to invest in chemical activities in Iran include the German industrial gases firm Linde and the Japanese trading company Mitsui & Co.

http://cen.acs.org/articles/94/i8/BASF-Invest-4-Billion-Iranian.html

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Hassan Hakimian, Director of the London Middle East Institute and Reader in Economics at SOAS, University of London, is the co-editor of Iran and the Global Economy: Petro Populism, Islam and Economic Sanctions.

Iran’s Economy After the Elections

LONDON – Recent gains by pro-government reformist candidates in Iran’s parliamentary elections have given President Hassan Rouhani a welcome midterm boost. But huge economic challenges remain. And in the coming months, these challenges are what will determine the battle lines between the president and his hardline adversaries inside and outside the parliament.

Elections are normally won and lost along political lines, and Iran’s recent vote is no exception. But, on this occasion, there is reason to believe that economic concerns were a major driver of political change, as evidenced by the massive turnout at the electoral booths. Ever since July, when Iran signed a landmark nuclear deal with the five permanent members of the United Nations Security Council and the European Union, popular expectations for an improvement in the state of the economy have reached a fever pitch.

Support Project Syndicate’s mission Project Syndicate needs your help to provide readers everywhere equal access to the ideas and debates shaping their lives. LEARN MORE Rouhani is well aware of the importance of economic expectations; indeed, they were what swept him into the presidency in 2013. The recent election campaign once again drew strength from the promise to fix an economy battered by years of tough economic sanctions and domestic mismanagement. That is why he placed a high priority on reaching a deal with the outside world that would close the nuclear file and pave the road to economic recovery.

The economy that Rouhani inherited from his predecessor, Mahmoud Ahmadinejad, had been distorted by years of generous redistributions of oil revenues to the president’s supporters and then hit with stagflation, as what US Vice President Joe Biden called the “toughest economic sanctions in history” began to take hold. In 2013, the year Rouhani assumed office, inflation exceeded 40%, and GDP contracted by 6%.

Read more here....

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Well, more than a decades worth of embargo will make Iran deals very attractive.

Pity that they are switched on, highly educated, autonomous politically, have a central bank outwith the 'club', and will be looking for the best commercial & technical offers unlike most of their Gulf neighbors.

They won't be defacto supporters of any nation, but will not exclude the US for the points raised.

So it will be interesting to see who gets the contracts.

Edited by cashinmattress

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‪#‎Iranian‬ officials have reiterated their complaints that the ‪#‎US‬ is violating the recently agreed-upon Joint Comprehensive Plan of Action (‪#‎JCPOA‬) nuclear deal by sabotaging ‪#‎Tehran‬’s attempts to conduct business internationally.

US Violating Nuke Deal, Urging Companies to Not Invest in Iran

Iranian officials have reiterated their complaints that the US is violating the recently agreed-upon Joint Comprehensive Plan of Action (JCPOA) nuclear deal by sabotaging Tehran’s attempts to conduct business internationally.

"The Americans are now acting in violation of the nuclear agreement," Iran’s Judiciary Chief Sadeq Amoli Larijani told high-ranking officials on Monday, referring to the agreement reached between Iran and the P5+1 nations, including the US, UK, China, Russia, France, and Germany. "

The Americans should know that the Islamic Republic of Iran would never compromise its interests and would never agree with investment of foreign firms in the country at any price, while it enjoys rich resources and abundant talents," he said, according to Fars News.

Read more here...

Edited by tyres

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^

BASF $4 billion. German. Then there's French, Italian, Danish and Japanese investment mentioned as well.

For sure they'll be announcing all the UK companies investing in a future edition.

There's bound to be demand for nail bars and coffee - they won't have that sort of advanced "march of the makers" technology over there.

Edited by billybong

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Iran's $10Bln Mega Canal Could be Game Changer in Global Trade Routes

Russian experts comment on the prospects for the realization of Iran's ambitious 'trans-Iranian' canal, which would run from the Caspian Sea to the Persian Gulf. The prospects for the creation of a navigable canal between the Caspian Sea and the Persian Gulf are being currently being reviewed by Iran and Russia, Mehdi Sanaei, Iran's ambassador to Russia, said Friday at a meeting with students at the St. Petersburg State University.

Read more....

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Crude Awakening: Iran's Oil Revenue Jumps 90% After Lifting of Sanctions

After the removal of sanctions Iranian oil revenue has increased by 90 percent, IRNA news agency reported.

According to government statistical data, currently Iran is exporting 1.7 million barrels of crude a day, which would result in $21 billion a year at the current prices. Before the sanctions were lifted Iran’s annual oil revenues were around $12 billion. Before the sanctions were introduced, Iran exported 2.3 million barrels of oil a day. The sanctions reduced the figure to 1 million barrels. The economic sanctions against Iran were lifted on January 16, by both the US and the European Union. The move came amid oversupply in the global oil market, with the Organization of the Petroleum Exporting Countries (OPEC) refusing to cut down its daily output.

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"Iran and India sign Chahabar Port Deal"

Indian companies now see Iran as a great investment destination after international sanctions were lifted against it. With India announcing that it will build and operate a key Iranian port. It proposed to invest $500m (£344m) to develop the strategically important Chabahar port, close to Iran's border with Pakistan. The port it set to open a route for Indian goods and products to Afghanistan and Central Asia, circumventing the land route through Pakistan. Bringing gas from Central Asia to the port and then through to India. Iranian President Hassan Rouhani welcomed India's investment with, "Considering all the credit lines that are going to come from India into the Chabahar port, it can very well turn into a very big symbol of cooperation between the two great countries of Iran and India". However, many fear that India will be stepping on China's toes, (who is currently Iran's major trading partner). By claiming that India seeks to challenge China's power in central and South Asia through the Chabahar port.

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Edited by tyres

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Iran Approves New Oil-Field Contracts to Woo Western Investors

Iran’s government on Wednesday approved new oil-field contracts designed to attract Western oil investors following the lifting of sanctions in January, an oil-ministry spokeswoman said. However, Iranian officials didn’t disclose the terms of the new contracts, which have long been awaited by international oil companies that once worked there such as Total SA of France, EniSpA of Italy and the Anglo-Dutch firm Royal Dutch Shell PLC.

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Iran Just Officially Ditched The Dollar

Quote

Following President Donald Trump’s ban on travelers from seven predominantly Muslim countries, the Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” the local Financial Tribunereported.

zero hedge article here...

 

 

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