Our Announcements

Not Found

Sorry, but you are looking for something that isn't here.

Archive for category CURRENT EVENTS

New LNG deal signed with Qatar

New LNG deal signed with Qatar

Under the 10-year accord Pakistan to import LNG at rate of 10.2% of Brent


ISLAMABAD:

Pakistan signed a 10-year new agreement with Qatar on Friday to import 200 million cubic feet per day (mmcfd) additional liquefied natural gas (LNG) at cheaper rate.

Under the deal, Pakistan will import 200 mmcfd LNG in first year, and quantity would be increased to 400mmcfd in the next two years. The government says that the price is 31% less than the LNG deal signed with Qatar in 2015 by the then Pakistan Muslim League-Nawaz (PML-N) government.

The PML-N government had signed the deal for 500mmcfd in 2015 at a rate 13.37% of Brent. However, the current PTI government has signed the agreement at a rate of 10.20% of Brent for import of 200 mmcfd LNG.


ISLAMABAD:Pakistan signed a 10-year new agreement with Qatar on Friday to import 200 million cubic feet per day (mmcfd) additional liquefied natural gas (LNG) at cheaper rate.

Under the deal, Pakistan will import 200 mmcfd LNG in first year, and quantity would be increased to 400mmcfd in the next two years. The government says that the price is 31% less than the LNG deal signed with Qatar in 2015 by the then Pakistan Muslim League-Nawaz (PML-N) government.

The PML-N government had signed the deal for 500mmcfd in 2015 at a rate 13.37% of Brent. However, the current PTI government has signed the agreement at a rate of 10.20% of Brent for import of 200 mmcfd LNG.

After the signing ceremony, Special Assistant to Prime Minister on Petroleum Nadeem Babar said Qatar would provide LNG at the lowest rate, following successful joint efforts by the political and military leaderships.

“Today we have signed a very important agreement with Qatar,” Babar said, while sharing with the media persons the details of the agreement, which was signed in the presence of Prime Minister Imran Khan at the Prime Minister House.

The 10-year new agreement, beginning January next year, will deliver initially two ships per month – around 200 mmcfd – and then go up to 4 ships per month — 400mmcfd. The previous contract was for 15 years, beginning with 1 ship per month – 100mmcfd – and going up to five ships a month.

The agreement signed by the last PML-N government had a clause regarding the price review after 10 years that had invited lot of criticism. However, the fresh LNG contract had a clause for price review after 4 years.

Babar said the average price of total spot purchases stood at 11.9% of Brent, adding that the new price of 10.2% of Brent was still 15-16% lower. He maintained that it would ensure price stability and affordability along with supply security.

Based on the volume of new contract, Babar said that Pakistan would pay around $316million less compared to same volume under the existing long-term contract. He added that this had been calculated at $3 billion during the next 10 years.

“Pakistan is providing letters of credit (LCs) worth $170 million under the past contract. It will furnish $84 million under the new contract that amounts to almost half,” he said. “Total supplies under the fresh contract could be about 3 million tonnes against around 3.75 million tonnes of contracted quantities,” he added.

“The Pakistan State Oil (PSO) will import the LNG from Qatar under the new deal as well, but flexibility has also been incorporated in the contract in case import order is to be assigned to Pakistan LNG Limited (PLL),” he said.

Babar said that the fresh supplies would replace the existing long-term contract with the Gunvor Company that expired in December. Another contract with the PLL will expire in 14 months. “So, the new two cheaper ships will replace two expensive ships,” he added.

The special assistant to the prime minister further said that the new contract would become operational in January, 2022 but added that it also provided for at least one additional shipment “in December this year if need so arise”.

Babar said the process to strike the deal was started around two years ago, when he had accompanied the prime minister during his first visit to Qatar. He added that the agreement was discussed at the highest level of the government.

“It is correct that the deal was discussed at the highest level of the government. The prime minister himself had talked to the Amir of Qatar thrice. It took long time to strike the deal at 10.2% of the Brent, which is the lowest publicly-known contract in the world today.”

Responding to a question, he said that Pakistan’s military leadership also had dynamic relations with Qatar, which had been facilitating in Afghan peace talks. “Both the military leadership and the political leadership have the common interest to do things which are in the larger interest of the nation and it was also one of such joint efforts,” he added.

After the signing ceremony, Special Assistant to Prime Minister on Petroleum Nadeem Babar said Qatar would provide LNG at the lowest rate, following successful joint efforts by the political and military leaderships.

“Today we have signed a very important agreement with Qatar,” Babar said, while sharing with the media persons the details of the agreement, which was signed in the presence of Prime Minister Imran Khan at the Prime Minister House.

The 10-year new agreement, beginning January next year, will deliver initially two ships per month – around 200 mmcfd – and then go up to 4 ships per month — 400mmcfd. The previous contract was for 15 years, beginning with 1 ship per month – 100mmcfd – and going up to five ships a month.

The agreement signed by the last PML-N government had a clause regarding the price review after 10 years that had invited lot of criticism. However, the fresh LNG contract had a clause for price review after 4 years.

Babar said the average price of total spot purchases stood at 11.9% of Brent, adding that the new price of 10.2% of Brent was still 15-16% lower. He maintained that it would ensure price stability and affordability along with supply security.

Based on the volume of new contract, Babar said that Pakistan would pay around $316million less compared to same volume under the existing long-term contract. He added that this had been calculated at $3 billion during the next 10 years.

“Pakistan is providing letters of credit (LCs) worth $170 million under the past contract. It will furnish $84 million under the new contract that amounts to almost half,” he said. “Total supplies under the fresh contract could be about 3 million tonnes against around 3.75 million tonnes of contracted quantities,” he added.

“The Pakistan State Oil (PSO) will import the LNG from Qatar under the new deal as well, but flexibility has also been incorporated in the contract in case import order is to be assigned to Pakistan LNG Limited (PLL),” he said.

Babar said that the fresh supplies would replace the existing long-term contract with the Gunvor Company that expired in December. Another contract with the PLL will expire in 14 months. “So, the new two cheaper ships will replace two expensive ships,” he added.

The special assistant to the prime minister further said that the new contract would become operational in January, 2022 but added that it also provided for at least one additional shipment “in December this year if need so arise”.

Babar said the process to strike the deal was started around two years ago, when he had accompanied the prime minister during his first visit to Qatar. He added that the agreement was discussed at the highest level of the government.

“It is correct that the deal was discussed at the highest level of the government. The prime minister himself had talked to the Amir of Qatar thrice. It took long time to strike the deal at 10.2% of the Brent, which is the lowest publicly-known contract in the world today.”

Responding to a question, he said that Pakistan’s military leadership also had dynamic relations with Qatar, which had been facilitating in Afghan peace talks. “Both the military leadership and the political leadership have the common interest to do things which are in the larger interest of the nation and it was also one of such joint efforts,” he added.

, ,

No Comments

SCOOP NEWS -NEWZEALAND : Everything About The Biden Administration Is Fake By Caitlin Johnstone

Question Everything!

Everything About The Biden Administration Is Fake

By Caitlin Johnstone

February 02, 2021

 

A new exclusive from The Daily Beast titled “White House Reporters: Biden Team Wanted Our Questions in Advance” reports that the White House press corps is being pressured to provide briefing questions ahead of time in a way that makes even mainstream media journalists uncomfortable.

 

“While it’s a relief to see briefings return, particularly with a commitment to factual information, the press can’t really do its job in the briefing room if the White House is picking and choosing the questions they want,” one White House correspondent told The Daily Beast. “That’s not really a free press at all.”

“It pissed off enough reporters for people to flag it for the [White House Correspondents Association] for them to deal with it,” another source reportedly said.

While Obama’s deputy press secretary Eric Schultz calls the move “textbook communications work” designed to ensure that Biden’s press secretary has answers ready instead of having to “repeatedly punt questions”, clearly the reporters on the job feel differently.

 

“The requests prompted concerns among the White House press corps, whose members, like many reporters, are sensitive to the perception that they are coordinating with political communications staffers,” writes the Beast.

 

Having questions in advance would indeed be a good way to help insulate press secretary Jen Psaki (for whom liberals are already developing an unwholesome celebrity crush) from hard questions. This would avoid sticky situations like when Psaki deflected inquiries about treasury secretary Janet Yellen’s conflict of interest with the Citadel controversy by babbling about Yellen being the first woman in her position and claiming that receiving $800,000 in speaking fees from that company is no reason for her to recuse herself.

 

 

So this is just one more item on the steadily growing pile of fake things about this administration. Everything about it is phony. This is the Astroturf Administration.

Biden and his cohorts point-blank lied about sending out $2000 checks.

Deportations are continuing unimpeded despite all the campaign pledges to the contrary.

The kids in cages that made Rachel Maddow cry on air during the Trump administration are still in their cages and will remain there for the foreseeable future.

The pro-environment candidate has authorized dozens of new oil drilling permits within days of taking office.

Re-entering the Iran nuclear deal seems as far off as ever, with the administration continuing Trump’s “maximum pressure campaign” even as Tehran says the US ending its cruel sanctions is a precondition to resuming the deal.

Biden still hasn’t taken any solid steps to end the horrific war on Yemen, or even to end US facilitation of the slaughter as he promised on the campaign trail (he could have taken major steps toward doing this the day he took office and chose not to).

While this president hides from the press due to his rapidly deteriorating ability to answer questions in complete sentences, the mass media churn out think pieces about how taking himself out of the spotlight is actually a brilliant political move.

As Our Hidden History recently put it, “We got sold a sack of political oregano.”

 

And that’s all the US empire ever is, really: a murderous, tyrannical planetary oppressor covered up by varying degrees of dishonesty. During the Trump administration the depravity was a little more honest about itself, now during the Biden administration it’s a little more dishonest. The only major change is the thickness with which the makeup is slathered over the skull.

Everything about life in our current world order is dominated by phoniness. Our culture is manufactured by Hollywood. Our dominating political structure is manufactured by think tanks. Our perceptions of what’s going on in the world are manufactured in Langley and Arlington. The whole thing is so fake and stupid. We’ve got to figure out a way to snap out of these artificial boxes they are placing over our minds and these perceptual filters they are placing over our eyes, and birth something real and authentic into our world.

Caitlin’s articles are entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking her on Facebook, following her antics on Twitter, checking out her podcast, throwing some money into her hat on Patreon or Paypalor buying her book Woke: A Field Guide for Utopia Preppershttps://caitlinjohnstone.com

Reference

No Comments

Archive Article – American Democracy on Trial: Trump vs. Biden Mahboob A. Khawaja, PhD.

American Democracy on Trial: Trump vs. Biden

Mahboob A. Khawaja, PhD.

 

 

President Trump’s Fault lines and Delusional Concept of Power

 

America is entrenched in deep political crises of multiple dimensions. The working of political institutions, politicians, human character, morals and responsibility signal rituals of evil eye paradigms and a future of miseries of innumerable multitudes. The snapshot of American democracy and a rethinking moment in time appears shrouded by unknown purpose of catastrophic political consequences. Aftermath of the presidential election and an opportunity for great transformation to a peaceful change looks unpredictable between the end of the old delusional concept of power and the beginning of the new. Tonight (January 3, 2021), the CNN is playing an hour long audio tape of President Trump’s conversation with Brad Farrensperger (Georgia Secretary of State) asking: “ I just want 11,780 votes  …one more vote” to victory and  “find” votes to “tilt the 2020 election” and you can “recalculate” the election.  Carl Bernstein and other US media analysts demand immediate resignation of Trump and interpret it as a political conspiracy to invalidate the Joe Biden presidential election. Others call it a “bomb shell” and a crime against American democracy just as it was the “Watergate” planned by Nixon.  President Trump claims victory in other states and again calls it a “stolen election” from his candidacy – a highly contentious image of political time left at the White House. It seems that love of power is at the heart of incomprehensible claims of dreadful mystery. This formidable evidence could prolong the systematic and peaceful transfer of power as a destabilization factor in American modern history. In an endless self-repeating false rhetoric, the refutation of Biden presidential confirmation at the Senate on January 6, could lead to widespread public outrage and unrest in time and space unheard of in contemporary American politics.

 

Brad Farrensperger sounds unwilling in audio to accord any substance to Trump and his illogical demand. He tries to clarify the election authentication process and its legitimate outcome in favor of Joe Biden- the President Elect. The 2020 American Presidential election should have been a springboard for planned peaceful transfer of power and political change for future-making. Despite legal authentication of the election outcomes and declaration of Joe-Biden, the President Elect, Mr. Trump continues to search for morally and intellectually forbidden vicious tactics to undermine the US systems of democratic norms.  The road to egoistic political hell is paved with good intentions without any reality. Assumingly, no American court or tribunal could prosecute political wickedness and obsessed crimes against democracy. If all goes to favor the poisonous politics of the few and 140 coerced GOP Republicans by Donald Trump will challenge the public verdict to oppose the Biden -President Elect confirmation on January 6 at the US Senate confirmation. It could be interpreted as a hybrid political culture of cataclysmic end in modern history.

 

Global Community Watching the American Political Quagmire

The world will watch with alarmed curiosity – how America and its acclaimed liberal democracy are vulnerable to unthinkable change and unpredictability for the future generations. It would affirm that US textbooks on a working democracy are incomprehensible to the “Common Sense” and rational understanding.  There appears to be “No Goodwill” active political bridge builders in current extreme American emotional and intellectual decadent upsurge. Those invested with public trust are far from any logical pursuit to speak out truthfully any bipartisan political language of the time. Joe Biden and the Democratic Party appear mature, resilient, intellectual and morally conscience and self-disciplined without erratic behavior to ensure that American systems of political governance should work for the good of WE, the People of America. It could be a political crime to dislodge Joe Biden from assuming the presidency on January 20th, 2021. The Republican leadership under Trump appears delusional and intellectual exhausted and making conflicting statements to assert their own verdict of “fraudulent election” when all the 50 states and territories have confirmed the winner – Joe Biden as President Elect. President Trump failure is more of a blindfolded person leading the blinds as there is always inconsistency in politically delusional adventures.

 

What is Next out of American Political Chaos?

America is in desperate need of moral and intellectual leadership. In situations of adversity and crises, leaders represent self-confidence and optimism for change, not egoistic agenda and belligerent outbursts as the nuisance of individualistic political indoctrination. President Trump is pursuing an unsurpassably intense political conspiracy to degenerate the present and future of American political governance. Trump is a warrior without any characteristics of true wisdom and political vision.

Comforting the major paradoxes of history as Arnold Toynbee (A Study of History) described warrior as dreamers devoid of moral and intellectual imagination when they come close to stagnation they jump to irrational outbursts and conclusions about the facts of life. Wrong people, glued to wrong thinking, do the wrong things without any rational sense of time, people’s interest and history. Trump failed to see the interests of the America people and global community to a peaceful approach to conflict management through dialogue and non-rhetoric belligerent statements. Naïve egoism and one-sided complacency to individualistic interest cannot further the cause of peace within America.

Biden and his team would urgently need rethinking and men of ideas and creative strategies to undo the harm and distrust that fractured the American political stability. The new administration if installed on January 20th, should articulate a Plan enriched with wisdom, vision and forbearance to pursue political, moral and intellectual pursuits for change. Would Biden and his team give priorities to dogmatic concepts of power and exploitation of truth or the forgotten – We, the People? In a recent article: “America at Crossroads: Presidential Election and the Clash of Democracy” (Uncommon Thought Journal, USA: 12.14.2020), this author envisaged the following agenda for Biden and team to take urgent action: https://www.uncommonthought.com/mtblog/archives/2020/12/14/america-at-the-crossroads-the-presidential-election-and-the-clash-of-democracy.php

  1. Plan, organize and set your strategic priorities in writing – like the statement of top objectives and monitor and achieve success by doing the best. The WHO, Global Warming ( a time bomb in waiting) Climate Summit and Global mankind is waiting for you and so are the neglected people targeted victims of colors, ethnicity and creed- all leading to more man-made disasters.
  2. The COVID-19 Pandemic is a critical issue and a priority to be dealt with cautiously and scientifically for the good of the masses.
  3. Mankind looks for Hope, Unity, Peace and Co-existence amongst the divergent cultures and nations of the world. You take initiatives to bridge gaps between cultures and civilizations, including Russia, China, the Muslim world and others abhorred and hated by Trump presidency. If Immanuel Kant’s ‘Perpetual Peace’ was taken seriously, today’s America and Europe would have been at peace, not wars within themselves and with the global community.
  4. Trump lacked imagination and visionary foresight and neglected advice and reasoning in all official endeavors. He opted for transgressors, killers and morally corrupt dictators, kings and princesses across the globe. You Mr. President (elect) will have the opportunity and time to take corrective actions to enhance human equality, human rights – be it in America’s Black Life Matter, Kashmir, Palestine, Myanmar-Burma, China or elsewhere and take initiative to legislate changes to ensure participation of the indigenous, black and people of colors as equal citizens in American political systems.
  5. Your Chief Justice will administer the official oath in the name of God –The Beneficent – The Merciful – the Creator of the World – Who created the human being from a living sperm and sustained life on Earth – and you will perform the art of leading mankind as being part of mankind on a living Universe and Earth as we are accountable for all of our commitments and pursuits.
  6. Be a peacemaker, not a warmonger as there is much evil and much good in the creed of human optimism. True leaders create new leaders and always listen and accept readily intelligent advice from people of knowledge and wisdom. Every beginning has its end as America is at the conclusion of an unpredictable age, not the end of world. Your vision and leadership initiatives will reframe the historic time for a progressive and changing America for the best of people and humanity.

 

 

No Comments

Abid the Fugitive by Col. Syed Riaz Jafri (Retd)

LETTER TO EDITOR

September 19, 2020

Abid the Fugitive

 

 

It is now more than 10 days and 4 or 5 attempts that the police has failed to nab the alleged rapist and the fugitive Abid. Every time the police closes upon him in his reportedly new hideout he manages to melt away dogging them. I wonder why don’t the police take the sniffer dogs with them, cordon off the area, approach his hideout on a bullock cart full of hay disguised as  villagers with big turbans and dhotis, instead of their dust kicking police patrol limousines heralding their arrival from miles, the alleged rapist Abid, I think, could be roped in easily.

 

 

 

 

 

 

 

 

 

 

 

But I suppose it needs a different kind of intelligent and inventive thinking hat to wear than the one our police is equipped with.

Col. Syed Riaz Jafri (Retd)

Col. Riaz Jafri (Retd)

30 Westridge 1

Rawalpindi 46000

Pakistan

E.mail: jafri@rifiela.com

, ,

No Comments

The New Arab Coronavirus: Israel’s spy agency Mossad admits to stealing face masks overseas amid global PPE shortage

Israel‘s spy agency Mossad has admitted to resorting to theft to obtain face masks and other medical supplies in the wake of the coronavirus pandemic.
Mossad official made the revelation during an interview with Israeli media.The intelligence agency has and will use all means to procure necessary equipment during the pandemic, according to Ilana Dayan, host of Channel 12‘s “Fact”.

Mossad is currently involved in efforts to procure supplies ranging from face masks to the mechanical ventilators required to keep some Covid-19 patients alive.

When asked whether those efforts have included theft, the head of the intelligence agency’s technology division, identified by “Fact” only as H., affirmed: “We stole, but only a little.”

Read also: Israeli forces ‘steal coronavirus food aid for needy Palestinians, beat aid workers’

“The citizens of Israel will have no shortage,” he said according to Haaretz. “In the world in general there will be a great shortage. People are dying because of a lack of equipment. In Israel people won’t go without.”

H. did not elaborate further on what methods the Mossad has used to procure medical equipment.

A number of countries worldwide have blocked the export of face masks and other medical supplies in order to preserve their own stocks as they come face to face with the highly contagious virus.

Mossad’s role in confronting the coronavirus crisis came to light last month when the agency’s director, Yossi Cohen, quarantined himself following close contact with Israeli Health Minister Yaakov Litzman, who had tested positive for Covid-19.

[Click to enlarge]

In early March, the agency set up a command and control centre to handle procurement and distribution of supplies in collaboration with the Ministry of Defence and a military intelligence division, the New York Times reported.

Six current or former officials with knowledge of Mossad’s counter-coronavirus operations told the NYT it had “used international contacts” to avert possible shortages of equipment and prevent Israel’s healthcare system from being overwhelmed.

The intelligence agency had been able to procure supplies and equipment Israel’s own health ministry could not, the six people said on condition of anonymity.

Arab media had earlier reported that Mossad had been involved in procuring thousands of coronavirus tests from countries with which Israel does not have diplomatic relations. 

Read also: Gaza factories consider exporting masks to Israel as enclave ramps up homemade coronavirus response

As well as bringing in 1.5 million surgical masks, tens of thousands of N-95 masks and other supplies, Mossad has obtained technology and expertise from outside of Israel that will be used to scale up coronavirus testing and boost local production of ventilators and face masks, one high-ranking official said.

The intelligence agency’s efforts were easier in countries with authoritarian rulers, another senior official said. Intelligence agencies in such countries generally have strong ties with leaders, and in turn those agencies sometimes have existing relations with Mossad.

In some cases, Mossad chief Yossi Cohen even spoke directly with ruling politicians, the official added.

Israel has reported more than 11,000 confirmed Covid-19 cases, including 117 deaths.

Courtesy-

, , , , , , , , ,

No Comments


Skip to toolbar