Iran, Russia to set up joint venture
Iran, Russia to set up joint venture
Fri, 22 Feb 2008 09:49:17
http://www.presstv.ir
A Russian official says a joint energy and transportation venture between Iran and Russia will yield a $20bn profit for both sides.
In a press conference on Thursday, Alexander Mariasov, a senior official in the Russian Foreign Ministry said that Iran and Russia will engage in gas, oil and aviation industry projects worth $20 billion in the near future.
Iran's Oil Minister Gholam-Hussein Nozari said earlier that Iran and Russia have agreed on establishing an oil cartel presiding over more than 40 percent of the world's oil supply.
Russia's oil monopoly Gazprom and National Iranian Gas Company agreed on developing the South Pars field in the Persian Gulf, and the creation of a joint venture company with a third country in the next two months.
Nozari added that both sides have also agreed to construct a refinery in northern Iran.
Nozari said that Gazprom prompted the implementation of liquefied natural gas projects in the country.
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Great news, this is mutually beneficial to both the Russian and Iranian PEOPLE!
Key quote:
"Iran's Oil Minister Gholam-Hussein Nozari said earlier that Iran and Russia have agreed on establishing an oil cartel presiding over more than 40 percent of the world's oil supply. "
quote:
"....and the creation of a joint venture company with a third country in the next two months.
"
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Note it does not state which "third country" this is, which basically (from my perspective) is an OPEN-INVITATION. In other words, they are saying:
"Learn to play nice with other people and everyone wins!!!"
So the third nation can be:
a) India
b) Pakistan
c) China
d) Japan
e) Korea
f) Italy
g) Brazil
h) S. Africa
EVEN
i) USA/Britain/Israel
...etc...etc...etc
The third country to participate in the cartel is likely to be Venezuela.
It has large quantities of very heavy crude and if it joins the cartel a formula can be created to guarantee a price of about USD 50 per barrel (half of the present market price) to get the Venezuelan expoitation underway. In this way the cartel can manage the international price for oil in a way that will serve the purpose of all three participants.
Of course USRAEL has nothing to worry about. It can steal all it wants in Iraq!
It is amazing that the US has been taken hostage by a shitty little country in the Middle East