Monday, June 23, 2008

DANA GAS EMPIRE UPDATE

The private, Western/American backed Nabucco gas pipeline versus Russia's semi-nationalized, state run Gazprom, South Stream pipeline project gets lots of press coverage. Additionally, there's the revived TAP pipeline project, Turkmenistan-Afghanistan-Pakistan (India?) pipeline route, of Osama fame and one of the primary reasons for the American/NATO backed military operation in Afghanistan. And, another one in the planning stages, the IPI, Iran-Pakistan-India gas pipeline. However, the one that seems to get little if no publicity, except for the business news, of course, and my own blog, is the burgeoning, regionally interconnected, private Dana Gas empire. If you've been following my blogs for some time, you will be familiar with the Dana Gas saga, its birth and its background. Here's the latest on the burgeoning Dana Gas empire, and then a few more reminders, afterwards. Crescent, Dana's subsidiary, will finally be receiving its gas supplies from Iran, www.7days.ae/showstory.php?id=74733 and, for Arabic speakers, Crescent and Dana in a joint venture in Kurdistan, (remember, I can not speak a word of Arabic so I have no idea what the video says, just the English caption underneath it), www.zawya.com/video/default.cfm/sidVID20080621085522 Reminder, Hamid Jafar, (his name seems to be spelled differently, sometimes, Jafar or Jafaar) sits on the Board of Dana, Crescent and, as well, Abraaj Capital. Jafar also sits on the Board of Directors of the American University in the UAE. Again, Abraaj, et.al, has investments in Egypt, Yemen and Pakistan. I did previous blogs on Abraaj interlocking connections regarding Pakistan. But, here's an update on Abraaj and Pakistan's Electrical Power Company, www.thenews.com.pk/top_story_detail.asp?Id=15461 and a second source on the same subject, www.chowrangi.com/can-abraaj-capital-resolve-karachi-power-crisis.html Hamid Jafar, Abraaj, Dana, Crescent have thousands of pieces of information available on the internet, and, if one wishes to pursue his and their backgrounds further, simply do some searches on any/all of the above. I can only highlight a few significant developments and names. Meanwhile, continuing from my previous blog(s) regarding Iran's privatization, and, congruency, consistency, mopping up and regime change, following from the above and my previous blogs, Iran's "Larijani Highly Critical of State Run Economy," www.payvand.com/news/08/jun/1196.html Ahmadimidget is finished. Period. End of sentence. Couldn't happen to a nicer guy! As for Iran's millionaire Mullahs, I fully expect their power monopoly to come to an end, also. Elementary my dear Watson. Congruency, regime change, etc. They and their sectarian militias have served their purpose well. Power will henceforth be consolidated in Iraq's central government in Baghdad and some feigned Iraqi unity government will come to power with an added Arabic face/flavor to it so it can be recognized by other, regional Arabic countries and Iran's paramilitary expansionist threat contained. All of the above is a necessary ingredient in the larger "transformative" project that, once again, is right in front of everybody's noses but nobody appears to want to acknowledge as THE causal determinant, "Private Equity Reshapes Regional Economies," www.zawya.com/story.cfm/sidZAWYA20080622102628/lok102600080622 Here's a direct link to the above conference, www.iirme.com/pe Conspicuously, one of the GCC's major firms in this circuitous, incestuous investment relationship, Istithmar, rang the opening bell the other day on NY's Nasdaq Stock Exchange, www.zawya.com/story.cfm/sidZAWYA20080621103956/lok103900080621 Two more facts nobody else seems to want to bother to notice, either. First, Iran's disputed and threatened nuke project is predominantly a Russian venture. Second, America's Fascist retread and declining "war hero," McCain, is going to win against Republican Fascist number two, the Obama mafia candidate, with their Karl Rove choreographed Hitler youth rallies, staged events, manipulated caucuses, reverse racism or American style sectarianism. The race is always fixed. But, the show must go on, if for no other reason than there are gobs of money being made on Presidential elections. Big business, commercial media, advisers, consultants, smaller businesses and other sources get lots and lots of money. It's the equivalent of Christmas time for them. A real bonanza. The more money raised, the more money spent. Another financial merry-go-round.

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