Thursday 31 March 2011

Tony Blair

The moral authority of the West is rapidly collapsing. When Russia, Asia, and South America look at Europe, Australia and Canada, they see American puppet states that contribute troops to the aggressive wars of the Empire. The French president, the British prime minister, the “president” of Georgia, and the rest are merely functionaries of the American Empire. The puppet rulers routinely sell out the interests and welfare of their peoples in behalf of American hegemony. And they are well rewarded for their service. One year out of office former British prime minister Tony Blair had a net worth of $30 million.

From

Monday 21 March 2011

Chernobyl disaster

"It concludes that based on records now available, some 985,000 people died, mainly of cancer, as a result of the Chernobyl accident. That is between when the accident occurred in 1986 and 2004. More deaths, it projects, will follow."

Chernobyl: Consequences of the Catastrophe for People and the Environment

Thursday 17 March 2011

Iraq Oil Deals

The following are the signed deals, listed in order of the size of the reservoirs involved, and others still in the works:


* RUMAILA

Britain's BP Plc (BP.L) and China's CNPC signed the first major post-U.S. invasion oil deal in November for supergiant Rumaila field, with estimated reserves of 17 billion barrels. The two companies aim to boost production to 2.85 million bpd from around 1.066 million bpd currently, and have accepted a remuneration fee of $2 per barrel.

BP said it would invest around $15 billion. BP has a 38 percent stake and its partner CNPC has 37 percent while Iraq holds 25 percent.


* WEST QURNA PHASE TWO

Russian energy giant Lukoil (LKOH.MM) and Norway's Statoil (STL.OL) sealed a deal for the supergiant, 12.9-billion-barrel oilfield in Iraq's south on Jan. 31. The partners agreed a remuneration fee of $1.15 per barrel and pledged to take production to a plateau of 1.8 million bpd.

Iraq holds a 25 percent stake, Lukoil 56.25 percent and Statoil 18.75 percent. Statoil has said it would invest $1.4 billion over 4-5 years. Lukoil put total investment at more than $30 billion. The firms would start recovering costs when output reaches 120,000 bpd.


* MAJNOON

The massive 12.6-billion-barrel Majnoon oilfield was taken by Royal Dutch Shell (RDSa.L), Europe's largest oil company, and Malaysia's Petronas [PETR.UL], which inked the final pact on Jan. 17. Shell officials have said the firms would invest "tens of billions" of dollars.

Shell has a 45 percent share, with partner Petronas holding 30 percent and Iraq 25 percent. The firms will receive a remuneration fee of $1.39 per barrel for boosting output to a plateau production target of 1.8 million bpd from current output of just under 50,000 bpd. Firms can start recovering costs once output hits 175,000 bpd.

* WEST QURNA PHASE ONE

West Qurna Phase One found no bidders in the first auction, but a subsequent competition behind closed doors led to a deal with Exxon Mobil (XOM.N) and Shell. The companies inked the final pact on Jan. 25.

The field has reserves of 8.7 billion barrels. The consortium aims to boost output to 2.325 million bpd after setting baseline production at 244,000 bpd. [ID:nRAS832007]

The group accepted a fee of $1.90 per barrel. Exxon has a 60 percent interest in the consortium, with Iraq holding 25 percent and Shell the remainder. An Exxon executive said on July 19 that the group aims to raise production by 10 percent by the end of the first quarter of 2011.


* HALFAYA

China National Petroleum Company (CNPC), France's Total (TOTF.PA) and Petronas clinched the final contract for Halfaya on Jan. 27, with a fee of $1.40 per barrel and a plateau production target of 535,000 bpd from a current 3,100 bpd.

Total holds an 18.75 percent interest in the consortium, and CNPC with 37.5 percent, Petronas 18.75 percent and Iraq 25 percent. Halfaya, situated in southern Iraq, has estimated reserves of 4.1 billion barrels of oil. The firms would start recovering costs when output hits 70,000 bpd.

On April 22, Total said it is considering a bigger stake in the Halfaya oilfield. [ID:nLDE63L107]


* ZUBAIR

Italy's Eni (ENI.MI) sealed the final contract with Iraq on Jan. 22 for the 4-billion-barrel Zubair oilfield. Eni and partners, U.S.-based Occidental Petroleum Corp (OXY.N) and KOGAS, set an output target of 1.2 million bpd. The group agreed with Iraq to set the baseline production level at 183,000 bpd. [ID:nRAS832007]

The consortium planned to invest over $20 billion and accepted a remuneration fee of $2 a barrel. Eni has a 32.81 percent stake, Oxy 23.44 percent, KOGAS 18.75 percent and Iraq's Missan Oil Company 25 percent.


* MAYSAN

Iraq signed a final deal on May 17 with China's CNOOC (0883.HK) and state-run Turkish Petroleum Corporation (TPAO) for a service contract for the 2.5- billion-barrel, three-oilfield Maysan complex.

The fields were offered in the first auction of oilfield contracts but not awarded. According to Iraqi officials, CNOOC accepted the proposed remuneration fee of $2.30 for every additional barrel of oil produced, compared with more than $20 per barrel it and its old partner China's Sinochem -- which pulled out of the deal -- had originally sought.

CNOOC and TPAO set a plateau target for the oilfields at 450,000 bpd after six years. CNOOC said it will hold a 63.75 percent stake in the venture while TPAO holds 11.25 percent. Maysan comprises three fields -- Bazargan, Abu Gharab and Fakka in southern Maysan province.


* AL-AHDAB

CNPC started work last March on the al-Ahdab oilfield in southeastern Wasit province after successfully renegotiating an old development deal that dated back to Saddam Hussein's government.

CNPC hopes to pump 110,000-130,000 bpd from the field, which has estimated reserves of 1 billion barrels.


* GHARAF

A smaller oilfield with 900 million in reserves, Gharaf was won by Petronas and the Japan Petroleum Exploration Co (Japex) (1662.T) in a fierce competition in the second bidding round, and the deal was signed on Jan. 18.

Petronas will hold 45 percent, Japex 40 percent and Iraq 25 percent, and will receive a fee of $1.49 per barrel. Gharaf has a production target of 230,000 bpd. The consortium expects to invest $7-$8 billion. The firms can start recovering costs once output reaches 35,000 bpd