"Tidbits From TNT" Friday Morning 10-8-2021

Oct 8

TNT:

Harambe: Iraq signs solar power deal with UAE-based company | Middle East Monitor

(10/7/21)

Iraq signed an agreement with the UAE-based solar energy specialist Masdar on Wednesday, Anadolu has reported. The contract was signed in a ceremony held in the Iraqi capital Baghdad attended by Iraqi Prime Minister Mustafa Al-Kadhimi and UAE Energy Minister Suhail Bin Muhammad Al-Mazrouei.

According to an official media statement, also present were the President of the Iraqi National Investment Authority, Suha Al-Najjar, and the CEO of the Abu Dhabi Future Energy Company, Muhammad Jamil Al-Ramahi.

The project represents the first practical step taken by the Iraqi government to switch to alternative, clean and renewable energy sources to produce electricity and meet the country's energy needs. Iraq is also holding talks with Gulf countries, led by Saudi Arabia, to import electricity by linking its network with the Gulf's.

Iraq's electricity generation capacity is 19 gigawatts, but it needs 30 gigawatts to cope with demand.

https://www.middleeastmonitor.com/20211007-iraq-signs-solar-power-deal-with-uae-based-company/

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Tishwash: Minister of Oil: Signing a contract with the Norwegian company “Saxtech” to build a 525 MW solar power plant

The Minister of Oil, Ihsan Abdul-Jabbar, announced the signing of a contract with the Norwegian company "Saxtec" to establish a 525-MW solar power plant in the governorates of Karbala and Babil .

Abdul-Jabbar said, in a statement, that the signing comes as a continuation of the government's procedures in signing contracts with international companies to establish solar-powered electric stations, leading to the production of 7,500 megawatts of clean energy before the year two thousand and twenty-three.

For his part, the Norwegian ambassador to Baghdad, Eric Barger, said that signing with Iraq to implement a Norwegian company and its partners an energy project strengthens bilateral relations with Iraq and opens new horizons for cooperation in the energy field. link

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Tishwash: Oil prices are rising, and Brent is at $83.14 a barrel

Today, Friday, oil prices rebounded again, after the decline of major crudes earlier.

Brent crude futures rose 87 cents, or 1.1 percent, to settle at $83.14 a barrel.

US West Texas Intermediate crude prices also increased 87 cents, or 1.1 percent as well, to reach $77.30 a barrel.

On the other hand, the US Department of Energy stressed that all "tools are always on the table" to address the scarcity of supplies in the markets . link

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Mot: One day a very wealthy father took his son on a trip to the country for the sole purpose of showing his son how it was to be poor. They spent a few days and nights on the farm of what would be considered a very poor family.

After their return from the trip, the father asked his son how he liked the trip. “It was great, Dad,” the son replied. “Did you see how poor people can be?” the father asked. “Oh Yeah,” said the son.

“So what did you learn from the trip?” asked the father. The son answered, “I saw that we have one dog and they had four. We have a pool that reaches to the middle of our garden and they have a creek that has no end. We have imported lanterns in our garden and they have the stars at night. Our patio reaches to the front yard and they have the whole horizon.

We have a small piece of land to live on and they have fields that go beyond our sight. We have servants who serve us, but they serve others.

We buy our food, but they grow theirs. We have walls around our property to protect us, they have friends to protect them.” The boy’s father was speechless. Then his son added, “It showed me just how poor we really are.”

Too many times we forget what we have and concentrate on what we don’t have. What is one person’s worthless object is another’s prize possession. It is all based on one’s perspective.

Sometimes it takes the perspective of a child to remind us what’s important.