More News, Rumors and Opinions Sunday PM 4-5-2020
TNT:
Tishwash: China is preparing to complete a "lifelong oil deal" in Iraq
China recently eased quarantine measures in Wuhan, from which the new Corona epidemic was launched, with the closure lifted completely on April 8.
With President Xi Jinping visiting the city over the past few days, the industrial economy across China has returned to work, although the service sector is still cautious, Oil Price reported in an article.
As for the oil sector, this means that China will return to work from where it left off, and resume its activities to explore and develop new opportunities.
There is no clearer indication of that, from last week’s China move, to award an engineering contract worth $ 203.5 million to the giant Majnoon oil field in Basra, Iraq, to the unknown China Petroleum and Construction Engineering Company (CPECC).
The Oil Price website notes in the article that China is racing against time to complete what has been called a "lifelong oil deal" with Iraq.
With the United States preoccupied with fighting Corona, Beijing has a good reason to believe that it is open to it in Iraq, according to the article.
In particular, this means continuing to develop opportunities for oil and gas fields in geopolitical areas, such as Iraq, on the basis of renewed contracts for specific work implemented by companies outside the US radar such as the China Petroleum Engineering and Construction Company.
This method is also adopted by Russia, and the focus in it now is on Iraq and Iran, the two countries that are located in the middle of the Middle East and are essential to China's multi-generational strategy of "one belt, one road", and Russia's continuous attempt to confiscate the entire Middle East.
And before the United States realized that China was working covertly with Russia to save money, Iraqi politicians offered China a tremendously profitable deal to develop Majnoon, according to the article.
Specifically, the terms of the deal stipulate that China will obtain a 25-year contract, which will enter into force two years after the date of signature.
This would allow China, according to the article, to generate more profits on average annually and less upfront investment.
At the end of 2017, Iraq began taking over the management of the Majnoon field from the Dutch-British Shell Company, which decided to withdraw from it by mutual consent. The handover process ended in March 2018.
The state-run Basra Oil Company assumed operations in the field after the withdrawal of Shell, which Baghdad chose in 2009 to develop the field, which has an estimated reserve of 12.58 billion barrels.
Iraq announced plans to increase production in the Majnoon field to 450,000 bpd in 2021. link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 Article 1: "Central Bank: The dollar appreciation will end this week". Article 2: "Central Bank Information: The rise in the dollar exchange rate will end this week" ...I don't know whether to cry or to cry. Really?! If it ends then you gotta raise the value of your currency. And it tells you that's what they're doing...it's so powerful. Quote "We're to use 75% in dollars and 25% in dinars." ...they were using 100% of the dollar and now its only 75% of it. Guess what it'll be next week...IMO the new small category notes and the coins is in the pipeline...it might be upon us very quickly...
Walkingstick [via Guru Frank26] ...we told you they would continue the education of the monetary reform to the citizens... And the CBI now today explains the reasons of the change in their currency exchange rate...these meetings are still going on. The two criteria are the auctions to stop and change how they use the American dollar and their currency exchange rate against the American dollar. These are the topics of discussion going on right now...this meeting started earlier today [Saturday]... They're talking about the IQD. The powerhouses are talking about the monetary reform in a series of chronological events. They're having a powwow so they can tell the citizens...this whole thing is ongoing. It's hot...this thing is moving fast for a reason.
Jeff Article "Central Bank: The dollar's appreciation will end this week" ...they're basically saying during the current week they're gonna try to implement some steps to reduce the high exchange rate or high value of the U.S. dollar. They're telling you roughly somewhere during next week or even within a week that they're trying to... devalue the dollar within the country of Iraq... [Thursday's Article said] they're basically saying around the next official holiday Iraq will increase their exchange rate...this article is telling you the same thing. That within about a week they're gonna curb the value of the dollar and reduce it. You've got two articles telling you the same thing from two different angles...that's amazing information.
Catherine Austin Fitts - We are Dealing with a Spiritual War
Greg Hunter: Apr 4, 2020
Why the sudden record gun buying in America? Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says, “They understand that the rule of law is steadily being diminished. They see all sorts of behavior . . . that is lawless. . . .
They see people in poverty say if anything goes for the big guys, then anything goes for us. . . .
Part of what is happening is we are dealing with a spiritual war, and there are serious demonic and occult forces at work. There is nothing they would love more than to stop the churches and stop people from getting together and praying and inviting in the divine and angelic hope every Sunday.
I am with the President. I think stopping the churches from gathering is a very, very terrible idea.” Fitts also still thinks gold is a good investment that will “outperform most other investments in 2020.”