Via Stratfor (subscription required), a report that Iran and Iraq have reached agreement on constructing an oil pipeline from the southern Iraqi city of Basra to Iran’s southwestern city of Abadan. As the article notes: “…Considering the short distance — some 30 miles — and the flat terrain between Basra and Abadan, this pipeline can […]
Read more »Via Stratfor (subscription required), an analysis of the recent summit in Hungary for officials from countries interested in, or part of, the Nabucco natural gas pipeline project including Austria, Azerbaijan, Bulgaria, Egypt, Georgia, Germany, Iraq, Romania and Turkey. As the article notes: “…Nabucco is a planned 2,000 mile pipeline between Turkey and Austria to transport […]
Read more »From Money Morning, a report detailing how – in the author’s eyes -China is Beating the United States in the global oil “game.” As the article notes: “…According to reports from Baghdad, the 22-year deal between the Iraqi government and the China National Petroleum Co. involves $55 billion, or 87% of Iraq’s current total revenue […]
Read more »Received an interesting email blast from Nicholas Vardy’s Global Guru and, while I normally read such with high degrees of skepticism since they are aimed at selling something, I thought some of his comments may spark interest in this market. Per the report: “…While the media begrudgingly admits the success of the U.S. military “surge,” […]
Read more »Via Inhabitat, news that Camassive urban masterplan has been approved for Madinat al-Hareer, or City of Silk, in Subiya, Kuwait. With a budget of £66 billion ($132bn USD), the project is an ambitious endeavor that will provide a rail network between major Middle East cities and China. As the article notes: “…Kuwait, Damascus, Baghdad, and […]
Read more »From The National, an interesting analysis of Russia’s recent diplomatic and trade activities in the Middle East and North Africa in a bid to enhance its geopolitical clout and gain access to, and at least partial control over, the region’s oil and gas reserves. As the article notes: “…Among the former global superpower’s tactics: linking […]
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