US company signs billion-dollar energy deal with Iran


Locutus
#1

Ezra LevantVerified account ‏@ezralevant

Obama will do business with Iran, but not Canada/Keystone XL “@RT_com: US signs billion-dollar energy deal with Iran
http://on.rt.com/n7r8bl


US company World Eco Energy has signed a preliminary agreement to invest $1.175 billion to generate electricity in Iran. The plan is to turn solid waste into power.

Representatives from the American company and the Chaharmahal-Bakhtiari Province Governor General, Malek-Mohammad Qorbanpour, signed the deal, the Tehran Times reported.

It is expected the project will create 650 immediate jobs, with another 2,000 emerging over the next two to three years, Oorbanpour told the IRNA news agency. Local companies will also be investing the same amount of money into the project.

The Governor General went on to add that 80 percent of the workforce will be employed locally, while World Eco Energy will provide machinery, equipment and technical expertise.

The project aims to create around 250 megawatts per day, which will be generated by burning 1,500 tons of solid waste. Despite being rich in oil and gas, Iran is looking to diversify its energy sector by developing renewable energy. Last year, the country announced plans to construct three new wind farms, each with a power capacity of 350 megawatts.

The electricity generation project is scheduled to start in September 2014, AFP reported.

The deal marks a further thawing of relations between the US and Iran. Tehran has made steps since the New Year to curb its nuclear program, which has brought the country relief from tough sanctions implemented by the US.

Iran cut enriched uranium stockpile by 80% – IAEA

In April, the US Treasury awarded American-based Boeing and GE a license to sell spare parts to Iran to help the country’s ailing aviation industry. Iran needed new plane parts, as its jets have passed their service life and need proper replacements. Over the past two decades, Iran has had more than 200 aviation accidents, which led to more than 2,000 deaths, IRNA reported.

All business activity between the US and Iran was officially halted after the 1979 US hostage crisis, which was followed by US sanctions.

derka derka oily jihad
 
tay
#2
So what's an Electricity deal in Iran got to do with building the Keystone Pipeline?
 
petros
+1
#3
Who didn't see this coming?

How does Obama fit in?

I bet Americans/Isrealis sh-t a prune perogie when Poland signs a major gas deal on behalf of the EU.

Last edited by petros; 3 weeks ago at 08:42 PM..
 
BaalsTears
#4
What will be the impact on the Saudi-American alliance of Obama's new friendship for Iran?
 
Kreskin
#5
Quote: Originally Posted by BaalsTearsView Post

What will be the impact on the Saudi-American alliance of Obama's new friendship for Iran?

The Saudis finance terrorism against the US. Not much of an alliance.
 
petros
#6
Quote: Originally Posted by BaalsTearsView Post

What will be the impact on the Saudi-American alliance of Obama's new friendship for Iran?

What did Obama do?
 
damngrumpy
No Party Affiliation
#7
XL and a company making a deal with Iran are two different issues.
as for Xl I agree with Obama don't build it
 
BaalsTears
#8
Quote: Originally Posted by KreskinView Post

The Saudis finance terrorism against the US. Not much of an alliance.

The alliance has existed since mid-way through the Second World War. Saudi Arabia was instrumental to the US during the Cold War, and has been instrumental economically. The KSA is in a mortal struggle with the Islamic Republic of Iran. If you've been watching KSA/USA relations have been deteriorating for about the last two years between Obama and the House of Saud. The deterioration in relations is one of the reasons America's position in the middle east has become so tenuous.

Quote: Originally Posted by petrosView Post

What did Obama do?

He's in the process of negotiating a nuclear weapons agreement with Iran which permits the Iranians to continue to enrich uranium and stockpile HEU to the same extent Japan and South Korea. That puts Iran one step away from being a nuclear weapons state. That violates the idea of nuclear nonproliferation. Other powers will seek the same deal. And nuclear weapons technology will spread across the planet.
 
WLDB
No Party Affiliation
+1
#9
Looks more like a private company than the federal government.
 
Tonington
#10
Quote: Originally Posted by BaalsTearsView Post


He's in the process of negotiating a nuclear weapons agreement with Iran which permits the Iranians to continue to enrich uranium and stockpile HEU to the same extent Japan and South Korea. That puts Iran one step away from being a nuclear weapons state. That violates the idea of nuclear nonproliferation. Other powers will seek the same deal. And nuclear weapons technology will spread across the planet.

In other words, nothing to do with this deal.
 
petros
#11
Quote:

He's in the process of negotiating a nuclear weapons agreement with Iran which permits the Iranians to continue to enrich uranium and stockpile HEU to the same extent Japan and South Korea. That puts Iran one step away from being a nuclear weapons state. That violates the idea of nuclear nonproliferation. Other powers will seek the same deal. And nuclear weapons technology will spread across the planet

When was Obama elected head honcho of Poland?
 
gopher
No Party Affiliation
+2
#12  Top Rated Post
Good to see capitalists engage in business without needless government intrusionism. If Tea Baggers were principled they would applaud this move. Hopefully lots of good jobs and progress will be made by this agreement.
 
captain morgan
Bloc Québécois
#13
Lots of good jobs in Iran... Not so much the USA
 
BaalsTears
#14
Quote: Originally Posted by ToningtonView Post

In other words, nothing to do with this deal.

This is one part of a big picture in which America switches sides in the Middle East. Look at the macrocosm. Iran is listed as a state supporting terrorism. Commercial relations are prohibited without permission from the US Govt. Savez vous?
 
petros
#15
Quote: Originally Posted by BaalsTearsView Post

This is one part of a big picture in which America switches sides in the Middle East. Look at the macrocosm. Iran is listed as a state supporting terrorism. Commercial relations are prohibited without permission from the US Govt. Savez vous?

After America got f-cked up the as$ by Isreal, there is no reason not to deal with Iran.
 
BaalsTears
#16
Quote: Originally Posted by petrosView Post

After America got f-cked up the as$ by Isreal, there is no reason not to deal with Iran.

What is the impact on America if the Middle East is dominated by Iran? Will Iran continue to be a state sponsor of terrorism?

Btw, I will never forget November 4, 1979.
 
petros
#17
Quote: Originally Posted by BaalsTearsView Post

What is the impact on America if the Middle East is dominated by Iran? Will Iran continue to be a state sponsor of terrorism?

Btw, I will never forget November 4, 1979.

Nothing. Will US Still hire Al Qaeda?
 

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