Pakistan: Iran has the right to respond to the targeting of its consulate in Damascus

Pakistan: Iran has the right to respond to the targeting of its consulate in Damascus

    Wednesday, April 17, 2024   No comments

Pakistani Defense Minister Khawaja Muhammad Asif stressed - today, Tuesday - that Iran has the right to respond to the Israeli raid that targeted the consular section of the Tehran embassy in Damascus, commenting on the Iranian attack that targeted Israel last Saturday in response to the bombing of its consulate.

Asif warned that the growing tension in the region may affect other countries, including Pakistan, and believed that the furnace of war may spread to countries that support Israel, in his speech to Pakistan's Geo News TV.

He stressed that his country does not want tensions to escalate in the region, but stressed that the genocide committed by Israel against the Palestinians in the Gaza Strip must stop.

On the other hand, the minister stressed that his country is in a position that allows it to complete the natural gas pipeline project with Iran, and that it is determined to do so.

He stated that Pakistan is extending the part of the pipeline extending from the Jaffdar region to the Iranian border on its territory.

Iranian President Ibrahim Raisi is scheduled to visit Pakistan on April 22, according to Pakistani media.

The first flow of Iranian gas to Pakistan was expected to begin in January 2015 after the two countries agreed on this, but no progress was made on the pipeline due to international sanctions against Iran and opposition from the United States.

The US troops in Iraq are there to stay unless the US government chooses to pull them out

The US troops in Iraq are there to stay unless the US government chooses to pull them out

    Sunday, February 25, 2024   No comments

 Since the 1990 US intervention in Iraq and the UNSC action after Iraq’s invasion of Kuwait, Iraq lost control of its economy and that has not changed. The Iraqi government recently asked the US to schedule full withdrawal of the latter’s troops. That is unlikely to happen unless the US needs or wants to pull troops out, because the US maintains tight control over the Iraqi economy which is entirely dependent on oil. Revenues from the sale of Iraqi oil is processed by US banks and the US government is leveraging it to keep troops in Iraq. 

Member of the Finance Committee in the Iraqi Parliament, Jamal Kujar, confirmed that there are three economic files that the United States uses to pressure Iraq, namely the oil file, Iraqi funds in the US Treasury, and the dollar file, and that the release of Iraqi funds in the US Federal Bank has become conditional in accordance with American controls and specifications.

 Koger explained, “These files represent strong and influential pressure cards if used against Iraq, because the Iraqi economy is fragile and depends entirely on oil revenues at a rate of up to 94% of the gross national product.”

 Oil export revenues in 2023, according to data issued by the Ministry of Oil last January, amounted to about 87.6 billion dollars, at a rate of about 7.3 billion dollars per month. The country sold more than 1.23 billion barrels.

 Iraqi funds deposited with the US Federal Bank from oil export revenues, which is a procedure applied within the requirements of Chapter Seven of the United Nations procedures following the Iraqi invasion of Kuwait in 1990 and is still in effect, in addition to the inclusion of new Iraqi companies and banks on the sanctions list it issues.

 

Qatar in talks with Algeria to invest in petrochemical projects in the North African Country

Qatar in talks with Algeria to invest in petrochemical projects in the North African Country

    Thursday, August 24, 2023   No comments

According to an Elkhabar Daily report published on 18 August, Qatar is currently in talks with the Algerian government to construct a chemical power plant for Algiers in a bid to kick-start a potential partnership with state-run petroleum corporation Sonatrach.

Qatari news agency Doha News disclosed that Algerian Minister of Energy and Mines, Mohamed Arkab, met with the Qatari ambassador Abdul Aziz Ali Al-Nama in Algiers on 17 August to discuss the construction project details.

Arkab revealed to Elkhabar Daily that "Sonatrach is ready to work with Power International to achieve that project, which is part of Algeria's strategy to develop the industrial sector."

This recent development comes after Algeria implemented reformed hydrocarbon regulations designed to entice investors, improve processing mechanisms, and establish a longitudinal vision for the North African country that will boost the national economy and increase employment.

The report further disclosed that the next meeting between Qatar and Sonatrach will be organized in September. In addition, Qatar's ambassador to Algiers emphasized that numerous Doha-based companies are highly interested in investing in integral projects in Algeria, specifically in the sectors of exploration, manufacturing, research, and the petrochemical industry.

Sonatrach generates nearly $2 billion in sales annually and employs around 3,000 people. Sonatrach's petrochemical programs have also led several petrochemical construction projects, as well as consolidating partnerships with Turkiye, TotalEnergies, and a UK-Chinese consortium.

Since 2022, Qatar has sought to bolster relations with countries residing outside of the West Asian region in an attempt to diversify its economy and to alleviate the impact of the global energy crisis instigated by the imposition of western sanctions against Russia.

Last week, Qatar began its construction of 500,000 residential units in the northwestern Nigerian state of Kaduna as part of its Mega Economic City project.

Furthermore, Qatar and India reached the final stages of their Liquefied Natural Gas (LNG) agreement earlier this month, which would see Doha providing New Delhi with 1 million metric tonnes of LNG per year.

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Days before Blinken visit to the kingdom, Saudi Arabia welcomes Venezuelan President

Days before Blinken visit to the kingdom, Saudi Arabia welcomes Venezuelan President

    Monday, June 05, 2023   No comments

Maduro's visit comes as the kingdom has restored ties with both Iran and Syria, two nations that are also target of the US 'maximum pressure' sanctions campaign.

Previously, Prince Faisal bin Farhan bin Abdullah, the Saudi Minister of Foreign Affairs, reviewed with his Venezuelan counterpart Eban Eduardo Gil Pinto, on Monday, aspects of cooperation between the two countries, and ways to enhance and develop them in various fields.

This came during their meeting in Jeddah, where they discussed intensifying joint coordination on many regional and international issues of concern to the two countries, and their efforts to establish international peace and security, and contribute to achieving global sustainable development goals.

  

With the imminent lifting of subsidies, huge queues at petrol stations in Nigeria

With the imminent lifting of subsidies, huge queues at petrol stations in Nigeria

    Friday, June 02, 2023   No comments

The persistent problem of strategic planning by Africa's leaders is manifesting itself in the most populous and energy rich African country, Nigeria.

The fuel crisis in Nigeria occupies the largest part of the momentum throughout the country, as it fluctuates from time to time between a shortage of imports and their impact on global prices, and the absence of local refining capabilities and the stoppage of refineries.

Since Tuesday, huge queues have formed outside petrol stations across Nigeria, after new President Paula Tinubu announced that fuel subsidies would soon be scrapped, causing panic among consumers.

The new president, Bola Tinubu, 71, who was recently sworn in, said there would be no grant spending in his budget, in line with his campaign promise.

"Instead, we will redirect the money toward better investments in public infrastructure, education, healthcare and jobs that will improve the lives of our citizens," he added.

He pointed out that "support is fading," without specifying a specific date, which led to confusion among the population and prompted motorists to rush to service stations.

Yesterday, Tuesday, the president's communications team said that the subsidy will end at the end of next June, describing the panic buying of fuel as "unnecessary."

Nigeria trades its billions of dollars worth of crude for imported fuel (due to failed state refineries), which it then subsidizes to maintain an artificially low price in the market, creating a financial chasm.

Therefore, it is a very popular measure among the population, but it withdraws billions of dollars from the public treasury every year.

Over the past ten years, the authorities have attempted to abolish this subsidy on several occasions. But to no avail. Each time, they had to back down in the face of public anger that the unions amplified to the limit.

And in 2012, the Nigerian army took to the streets to keep calm during demonstrations against the removal of subsidies.

German investigators: Ukraine blew up Nord Stream pipelines

German investigators: Ukraine blew up Nord Stream pipelines

    Tuesday, May 23, 2023   No comments

German investigators are sceptical of claims that Russian naval ships sabotaged the Nord Stream gas pipelines and are instead pursuing leads that point to the Ukrainian authorities, according to a report.

Three of the four strands of the pipelines, built to transport Russian gas to Germany on the bed of the Baltic Sea, were knocked out by underwater explosions last September, effectively severing the main energy link between the two countries.

Previously, Pulitzer Prize-winning investigative journalist Seymour Hersh blamed the US administration for the bombing of the Russian Nord Stream gas pipeline, which took place last September.

Earlier this year, the UNSC, which literally stands for the United Nations Security Council, and whose mission “is to maintain international peace and security;” failed to adopt a resolution that “would have established an international independent investigative commission into the September 2022 “acts of sabotage” committed on the Nord Stream gas pipeline in the Baltic Sea.”

Thereafter, the US administration released its own report claiming that a pro-Ukraine group was behind the attack on the pipeline, a statement that was ridiculed by China, with Chinese official posting a reaction to the statement saying, "Is the [pro-Ukraine group] named Biden Administration?"