Iran to grant gas contracts to European firms + more deals with China

[oblivious]

Iran to grant gas contracts to European firms
Sat Feb 25, 2006
TEHRAN (Reuters) - Iran will next week grant Total, Shell and Repsol upstream development contracts in the giant South Pars gas field in the Gulf, an Iranian state oil firm said on Saturday.

...Total is looking to develop phase 11 of South Pars to produce LNG, gas supercooled to liquid for loading onto tankers, in a project called Pars LNG. Shell and Repsol are looking to do the same with phase 13, a project called Persian LNG.

Akbar Torkan, managing director of the Pars Oil and Gas Company, was quoted by the Abrar-e Eqtesadi financial daily saying the contract to develop phase 11 would be worth $1.2-$1.4 billion (687-802 million pounds). The phase 13 deal would be worth $1.5 billion, he added.

http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2006-02-25T085557Z_01_OLI527244_RTRUKOC_0_UK-ENERGY-IRAN-GAS.xml

DJ UPDATE:Iran Pres Says Ready For China Oil, Gas Deals-IRNA
February 26, 2006
Iranian President Mahmoud Ahmadinejad said his country is poised to sign oil and gas deals with China after meeting China's deputy foreign minister, the official Islamic Republic News Agency said Sunday.

"Iran is ready to invest or participate in oil, gas and transportation industries with China and the country can be Iran's first trade partner in near future," IRNA quoted Ahmadinejad as saying.

The Iranian president met China's deputy foreign minister in Tehran Saturday. No timeframe was given in IRNA's report as to when any conclusive deals could be signed between the two countries.

Speculation has mounted in recent months that Iran, isolated by the U.S. and Europe over its nuclear program, was aiming to soon seal a multibillion-dollar oil and gas deal with China, whose voracious appetite for oil and natural gas is potentially undermining U.S. efforts to isolate Iran.
http://www.tmcnet.com/usubmit/2006/02/26/1407320.htm

China, Iran may finalize oil deal in March: report
Fri Feb 17, 2006
BEIJING (Reuters) - China and Iran could sign a multi-billion dollar agreement on developing a major oilfield in Iran as early as next month, the semi-official Caijing Magazine said on its Web site.

The magazine cited Mu Shuling, an executive at Sinopec Corp. (0386.HK: Quote, Profile, Research), as saying a delegation of the National Development and Reform Commission, China's economic-planning body, could go to Iran as early as March, where the two could sign a deal on jointly developing the Yadavaran field in southern Iran.

The deal, which the magazine said could be worth as much as $100 billion in gas and oil sales and field development costs, follows a memorandum of understanding signed in October 2004.
http://today.reuters.com/investing/FinanceArticle.aspx?type=businessNews&storyID=2006-02-17T083158Z_01_PEK141146_RTRUKOC_0_US-ENERGY-CHINA-IRAN.xml

[I_Make_Mistakes]

1. Pulling a Chavez on the US! Remember, it's always national

interests, depending on what nation you are from.

That's how you protect yourself today, go and get those who would ally with the US against them in a good resource deal, do you blame them?

Now, if we go after Iran, look whose national interest it's against.

[PassingThrough]

2. Why does this matter? We do not get our oil from Iran. It is good that

they are selling to Europe and China. They have to get their oil from somewhere. The only way Iran can harm the US is to stop selling to anyone or raise prices which would cause the world oil markets prices to increase. This is a good thing.

[I_Make_Mistakes]

3. It's not a bad thing. The US current ADMIN is like a bull in a

China store. If Chavez cuts off our supply, and has allies, and things aren't going good in Iraq, the Saudi's are trying to befriend us, but against their people look to Africa as well, oil is like nuclear fission right now, so many volatile areas only God knows the end result!

People say follow the money, that was so last century, now follow the oil!

Edit

Follow the threat of petro dollars (US) to Euro dollars you should get the effect shifting monetary policies. I only started to think of these after coming here. It is such a spiders web and there is no way of knowing if you are a spider or a moth in the web.

Oh, and there's Mexico too! The illegals and oil thing. It takes years here following the teachers to even start figuring out this mess.

[Benbow]

4. Petro euros - Bush does not want Iran trading oil in euros

If all oil-producing countries switched to trading in euros instead of dollars, the US dollar would collapse. I for one hope that this is what does happen - I don't know what else can check the US administration's global aggression.

[I_Make_Mistakes]

5. I think he played our hand and the end game is over!

Bush was the worst Rep. the Repukes put into office. I really at this point, believe the Repukes had no clue, that they put a clueless person in office.

That's why he was so afraid to talk to the people, the man behind the curtain wasn't known.

Their arrogance, (that he wouldn't, Caesar, himself), just ripped the curtain away and exposed the heart ailing, friend shooting AND ruler.

Is KKR that bad?

Oh, and McCain just veered the wrong way too!

I actually think "When the Rep. talk tough get going, they get going". I think maybe 06, we should give them. Why? We always fix their mistakes. That doesn't mean, that we can't confront their issues, but why should we show "trickle down doesn't work, for the working", Democracy is so great that everyone is so complacent with the status quo.

"The Iraqi's had, supposedly, an election, (I am an unsure because, I was told 25 mill. by the us and look at the voter nos. less than 10 million voted (of whom?)) and how many were truly killed.

GWB, "What Jesus verily say?"

You, sir, have no clue, so, why bother even positing the question!