RT News

Tuesday, July 05, 2011

NATO: PARLIAMENTARY ASSEMBLY MEETINGS BEGIN IN LA MADDALENA

What if Geddafi arms and finances British anarchists?

At this moment 12.08.11, the world is just what G.W. Bush and the neo-cons Christian-Zionist wanted it to be, in a complete chaos; constructive or otherwise. According to many Judeo-Christian fundamentalists it is a sign for the upcoming of the 'Messiah' in order to save the world. The Americans, the Israelis, the Jewish financial mafia (s) and the American-led NATO are mainly to blame for the political mess and for the on-going economic and financial crises.

The invasion and the destruction of Iraq, on behalf of Israel, helped to put America on its knees. Bankrupting America by mainly Jewish financial mafia(s) was extended to include Europe. This has led to high unemployment and riots in Greece, Britain, Spain, Portugal and Italy. As to deepen the crises further, the Americans continue to insult the intelligence of Arabs and Muslims. The US denunciation of Iran nuclear program, the rush to bombard Libya and more recently to supporting rebels in Syria, but never to Israeli breach of 39 UN-Security council resolutions, to their war crimes against Palestinians or to their massive arsenal of nuclear weapons. If NATO arms and finances Libyan rebels, then Geddafi is justified in arming and financing the British anarchists the way he financed the Irish Republican Army. It seems that the political establishments in the US and Europe are not aware of the consequences of their actions which will be harmful to their strategic interests and of great benefit to China, to Russia and to countries unfriendly to the US-led West.

Hitler did turn the great German people into a nation of thugs committing crimes on industrial scale. Similarly, successive US presidents bomarded, invaded and destroyed countries and killed millions in Vietnam, Cambodia, Latin America, Iraq, Afghanistan and Libya. Arabs can differentiate between good and bad Americans. Former President Jimmy Carter remains as one of the most respected Americans.

You forgot to mention Carter's book on Palestine. According to Wikipedia.org "Palestine: Peace Not Apartheid is a New York Times Best Seller book written by Jimmy Carter, 39th President of the United States (1977–1981) and winner of the 2002 Nobel Peace Prize. It was published by Simon and Schuster in November 2006.
In this book Carter argues that "Israel's continued control and colonization of Palestinian land have been the primary obstacles to a comprehensive peace agreement in the Middle East."


Adnan Darwash, Iraq Occupation Times

04 July , 11:01



(ANSAmed) - LA MADDALENA (OLBIA-TEMPIO), JULY 4 - The annual meeting of the special "Mediterranean and Middle East" group of NATO's parliamentary assembly has begun this morning in the Sardinian town of La Maddalena. The meeting will also analyse the political and military situation in the Mediterranean, the Middle East and the Gulf, with particular focus on the democratic transition in Arab countries, the role of Iran in the region, the situation in Iraq and NATO operations in the Mediterranean.

For the first time, Iran is among the countries present at the meeting, and is represented by the junior Foreign Minister, Ali Ahani. The group will also be attended by the former Iraqi Prime Minister, Ayad Allawi, the President of the Iraqi Kurdistan region, Massoud Barzani and the head of the Allied Forces team in southern Europe, Admiral Samuel J. Locklear. The Italian government is represented by Stefania Craxi and Giuseppe Cossiga, the junior ministers for Foreign Affairs and Defence respectively. Delegations from 25 countries, including Russia and Israel, are present at the meeting.(ANSAmed).

===

Bitter Feud Between Top Iraqi Leaders Stalls Government
By MICHAEL S. SCHMIDT and TIM ARANGO
Published: June 25, 2011



BAGHDAD — Fifteen months after an election that was supposed to lay the groundwork for Iraq’s future, the government remains virtually paralyzed by a clash between the country’s two most powerful politicians, who refuse to speak to each other.


The paralysis is contributing to a rise in violence, and it is severely complicating negotiations on the most difficult and divisive question hanging over the country: Whether to ask the United States to keep a contingency force here after the scheduled withdrawal of American troops at the end of the year. The longer the deadlock persists, the harder it becomes for the American military to reverse or slow the withdrawal of the roughly 48,000 troops, the pace of which will pick up over the next few months.

In December, the two politicians, Ayad Allawi, the leader of the Iraqiya bloc, and the country’s prime minister, Nuri Kamal al-Maliki, entered into an American-backed power-sharing agreement. But since then, the men have been unable to agree on who should run the Interior and Defense Ministries, the government’s two most important departments.

The United States has been unable to end the stalemate, demonstrating to some analysts and Iraqis its waning influence here.

Mr. Allawi, whose party received the most votes in last year’s election, has yet to show up in Parliament. Mr. Maliki has run the government on his own, and his aides have threatened to sue Mr. Allawi for calling them lying tyrants and claiming they are supported by Iran.

As the deadlock grinds on, political assassinations and attacks on American bases have increased significantly.

“This is the biggest dispute that has occurred here since 2003, and it will continue to escalate if a solution is not found, and that is our concern,” said Jabir al-Jabiri, a member of Parliament from Mr. Allawi’s Iraqiya bloc.


Without leaders in place at the Interior and Defense Ministries, decisions have been delayed about whether to single out terrorists, and the government has been unable to properly assess its military capabilities as it weighs whether to ask for the United States’ troops to remain, according to American officials.

“I think they have a very, very hard time having a meaningful rational debate and fully exploring all of their capabilities and limitations” without interior and defense ministers in place, said Gen. Jeffrey Buchanan, the United States military’s top spokesman in Iraq.

He added: “These are big decisions. So is your government going to be formed to make those decisions? Or is somebody going to make it in isolation? So I think that’s why I see the issues being connected.”

The power-sharing agreement in December allows Mr. Allawi’s party to appoint the defense minister, although Mr. Maliki has to approve the selection. It also said that Mr. Allawi would become the head of a largely undefined strategic council that was supposed to provide a counterweight to the prime minister.

But at the first session of Parliament, the agreement unraveled when Mr. Maliki appointed himself as the minister of both interior and defense, claiming that because of the country’s tenuous security environment he needed more time to vet the candidates.

Mr. Maliki has continued to refuse to fill those jobs, claiming that many of the names submitted by Mr. Allawi are not suitable. Mr. Maliki has also refused to give the strategic council any power because he says it is unconstitutional, and Mr. Allawi has declined to become the council’s leader.

“After the United States failed to put together the government they wanted after the election, they pushed for a national unity government that took all of Iraq’s political problems and put them into the government,” said Kenneth M. Pollack, an expert on national security issues at the Brookings Institution in Washington. “There is a widespread recognition now among American officials that inclusiveness over effectiveness was a mistake.”

The tensions between the men have fueled the simmering sectarian issues.

Although Mr. Allawi worked with the United States to overthrow Saddam Hussein and his Baath Party, members of Mr. Maliki’s party have lately denigrated him by calling him a Baathist — a deadly insult given the abuse that Shiites like Mr. Maliki and Mr. Allawi sustained at the hands of the Sunni-dominated Baathist inner circle.

“He practices what the Baathists used to do,” Hussein al-Assadi, a leader of Mr. Maliki’s party, said. “He believes in Baathist principles.”

At a recent protest in Baghdad, Maliki supporters stomped on pictures of Mr. Allawi, called him a terrorist and attacked a group of anti-Maliki protesters with sticks.

The protesters claimed that a picture of Mr. Allawi with a man who security authorities said was behind a gruesome attack on a wedding in 2006 that left 70 people dead proved he was a terrorist himself.

Just a few days after the protest, Mr. Allawi escalated the rhetoric and addressed the nation in a televised speech, claiming that Mr. Maliki had recruited the protesters to defame him. Mr. Allawi also said Mr. Maliki and the members of his party were the “bats of darkness.”

Mr. Maliki’s aides responded by saying they were going to sue Mr. Allawi and would have him removed from Parliament for refusing to show up.

“Countries that had civil conflicts like Iraq fall back into civil wars all the time,” Dr. Pollack said. “You need progress in the political system to get out of the civil war track. If the political process doesn’t work, people get frustrated and resort to violence. I think we have to look at the increasing violence as potentially the beginning of that very dangerous process.”


Duraid Adnan and Omar al-Jawoshy contributed reporting.

===

Muamer Gaddafi declared: "The end of the coloniser is close and the end of the rats is close. They [the rebels] flee from one house to another before the masses who are chasing them,"

news24 Monday, August 15, 2011 8:36:00 AM CEST

Muamer Gaddafi said: "The coloniser and its agents can now only resort to lies and psychological warfare after all the wars with all the weapons have failed,"

news24 Monday, August 15, 2011 8:36:00 AM CEST

Muamer Gaddafi said: "Advance, challenge, pick up your weapons, and go to the fight to liberate Libya inch by inch from the traitors and NATO,"

xinhuanet_en Monday, August 15, 2011 8:17:00 AM CEST

মুসা ইব্রাহীম said: "The leader is here in Libya, fighting for the freedom of our nation. He will not leave Libya,"

MailGuardian Monday, August 15, 2011 8:02:00 AM CEST

Muamer Gaddafi said (about Muamer Gaddafi): "The Libyan people will remain and the Fateh revolution (which brought Gaddafi to power in 1969) will remain. Move forward, challenge, pick up your weapons, go to the fight for liberating Libya inch by inch from the traitors and from NATO," "Get ready for the fight ... The blood of martyrs is fuel for the battlefield,"

aljazeera-en Monday, August 15, 2011 7:24:00 AM CEST

Zeina Khodr reported (about Muamer Gaddafi): "because the Gaddafi forces' defences were weak and fighters received help from inside the city. As they expected, residents took up arms and fought alongside them when they arrived,"

aljazeera-en Monday, August 15, 2011 7:24:00 AM CEST

মুসা ইব্রাহীম said: "The leader is here in Libya, fighting for the freedom of our nation. He will not leave Libya,"

kyivpost Monday, August 15, 2011 7:00:00 AM CEST

Muamer Gaddafi declared: "The end of the coloniser is close and the end of the rats is close. They (the rebels) flee from one house to another before the masses who are chasing them,"

smh Monday, August 15, 2011 6:51:00 AM CEST

Muamer Gaddafi said: "The coloniser and its agents can now only resort to lies and psychological warfare after all the wars with all the weapons have failed,"

smh Monday, August 15, 2011 6:51:00 AM CEST

মুসা ইব্রাহীম said: "The leader is here in Libya, fighting for the freedom of our nation. He will not leave Libya,"

thestar-my Monday, August 15, 2011 6:45:00 AM CEST

Muamer Gaddafi declared: "The end of the coloniser is close and the end of the rats is close. They (the rebels) flee from one house to another before the masses who are chasing them,"

haveeru Monday, August 15, 2011 6:25:00 AM CEST

Muamer Gaddafi said: "The coloniser and its agents can now only resort to lies and psychological warfare after all the wars with all the weapons have failed,"

haveeru Monday, August 15, 2011 6:25:00 AM CEST

Muamer Gaddafi said: "the end of the colonizer is close and the end of the rats is close,"

rian-en Monday, August 15, 2011 6:06:00 AM CEST

Muamer Gaddafi said: "They (the rebels) flee from one house to another before the masses who are chasing them,"

rian-en Monday, August 15, 2011 6:06:00 AM CEST

মুসা ইব্রাহীম said: "The leader is here in Libya, fighting for the freedom of our nation. He will not leave Libya,"

guardian Monday, August 15, 2011 6:02:00 AM CEST

মুসা ইব্রাহীম said: "The leader is here in Libya, fighting for the freedom of our nation. He will not leave Libya,"

trust Monday, August 15, 2011 5:36:00 AM CEST

Muamer Gaddafi declared: "The end of the coloniser is close and the end of the rats is close. They (the rebels) flee from one house to another before the masses who are chasing them,"

smh Monday, August 15, 2011 3:30:00 AM CEST

Muamer Gaddafi said: "The coloniser and its agents can now only resort to lies and psychological warfare after all the wars with all the weapons have failed,"

smh Monday, August 15, 2011 3:30:00 AM CEST

Muamer Gaddafi declared: "The end of the coloniser is close and the end of the rats is close. They (the rebels) flee from one house to another before the masses who are chasing them,"

focus-news-en Monday, August 15, 2011 3:23:00 AM CEST


==

Gaddafi defiant, govt said talking with rebels

15 Aug 2011 03:28

Source: reuters // Reuters

By Missy Ryan

* Gaddafi urges people to 'liberate Libya' from NATO

* Rebels, gov't representatives talk in Tunisia-source

* Govt spokesman says no talks on Gaddafi departure

* Rebels occupy centre of Zawiyah, control supply route

(Adds details)

By Missy Ryan

TRIPOLI, Aug 15 (Reuters) - Libyan leader Muammar Gaddafi urged his people early on Monday to "liberate Libya" from NATO and traitors, a day after rebels captured a key town on the road west to Tunisia, severing Tripoli's main supply route.

Late on Sunday, representatives of Gaddafi's government were holding talks with rebels at a hotel on the southern Tunisian island of Djerba, a source with direct knowledge of the talks said -- though the government spokesman denied it.

The talks followed a dramatic advance by the rebels that won them control of the town of Zawiyah, 50 km (30 miles) west of Tripoli on the coast, enabling them to halt food and fuel supplies from Tunisia to Gaddafi's stronghold in the capital.

Tripoli was not under immediate threat from a rebel attack, but rebel forces are now in their strongest position since the uprising against 41 years of Gaddafi's rule began in February, controlling the coast both east and west of Tripoli.

The rebels are helped by NATO aircraft which, under a U.N. mandate to protect civilians from Gaddafi's forces, are bombing military facilities and equipment that are trying to crush the rebel fighters.

Gaddafi's speech on Monday, delivered over a poor quality telephone line and broadcast by state television in audio only, was his first public address since rebel fighters launched their latest offensive, the biggest in months.

"The Libyan people will remain and the Fateh revolution (which brought Gaddafi to power in 1969) will remain. Move forward, challenge, pick up your weapons, go to the fight for liberating Libya inch by inch from the traitors and from NATO," the Libyan leader said.

"Get ready for the fight ... The blood of martyrs is fuel for the battlefield," he said, in what state television said was a live speech.


In Djerba late on Sunday, security staff turned away a Reuters reporter from the hotel where the source, who spoke on condition of anonymity, said the talks between rebel and government representatives were being held. ID:nLDE77D089]

Lights were on inside the hotel and a man in jeans and t-shirt, a list in his hand, was standing outside with hotel security staff.

In Tripoli, government spokesman Moussa Ibrahim blamed Western leaders and the media for the spread of rumours that the government was engaged in talks on the leader's departure from Libya.

"This information is absolutely incorrect and it is part of a media war against us. Their target is to confuse us, break our spirit, and shake our morale," he said.

"The leader is here in Libya, fighting for the freedom of our nation. He will not leave Libya," Ibrahim said.

Gaddafi's characteristically defiant speech followed a day of action across a swathe of northwest Libya during which rebels said they had seized the town of Surman, next door to Zawiyah, there was fighting in the town of Garyan that controls the southern access to Tripoli, and shooting could be heard near the main Libyan-Tunisian border crossing.

REBEL FLAG

Rebels from the Western Mountains region to the south advanced into Zawiyah late on Saturday, and early on Sunday, about 50 rebel fighters were milling around near the central market, triumphantly shouting "Allahu Akbar!" ("God is greatest").

The red, black and green rebel flag was flying from a shop. At the point where it passes through Zawiyah, the main highway linking Tripoli to Tunisia was empty of traffic.

Rebel fighters told Reuters there were still forces loyal to Gaddafi in the town, including snipers on tall buildings. Bursts of artillery and machinegun fire could be heard.

One rebel fighter said Gaddafi's forces controlled the oil refinery on the northern edge of Zawiyah -- a strategic target because it is the only one still functioning in western Libya and Gaddafi's forces depend on it for fuel.

The fighting was spreading west from Zawiyah along the coastal highway towards the main Ras Jdir border crossing with Tunisia. A rebel spokesman called Abdulrahman said rebels had seized Surman, the next town west along the coast from Zawiyah.

But at the border crossing to Tunisia, Libyan customs and immigration officers were operating as usual, despite reports of clashes between rebels and pro-Gaddafi forces in the area late on Saturday.

On another front in Sunday's fighting, heavy gunfire could be heard from the town Of Garyan, a Reuters reporter in the area said. A rebel fighter told Reuters "We control 70 percent of Garyan. There is still fighting taking place at the moment."

Government spokesman Ibrahim said Zawiyah and Garyan were "under our full control" but that there were small pockets of fighting in two other locations in the area around Tripoli.

The coastal highway between Tripoli and Tunisia had not been blocked by the fighting, Ibrahim said in a telephone interview on Sunday, but foreigners were not being allowed to use the route "to save them from any bullets here or there".

Rebels, backed by NATO warplanes, have been trying since February to end Gaddafi's rule in the bloodiest of the "Arab Spring" uprisings convulsing the Middle East.

After a period of deadlock, the rebels' advance to the Mediterranean coast near Tripoli represents a major shift in the balance of forces.

Gaddafi says the rebels are armed criminals and al Qaeda militants, and has described the NATO campaign as an act of colonial aggression aimed at stealing Libya's oil. (Additional reporting by Ulf Laessing in Ras Jdir, Tunisia, Tarek Amara in Tunis, Hamid Ould Ahmed in Algiers; Writing by Christian Lowe; Editing by Tim Pearce)

====


show all

Monday, August 15, 2011 | 11:12 Beirut Subscribe to NOW Lebanon RSS feeds

NOW News
Qaddafi spits defiance amid rumors of quitting
August 15, 2011 share
Print Save as PDF Email

Libyan leader Moammar Qaddafi spat defiance at opposition forces and NATO on Monday amid rumors he was preparing to flee the country and as rebels made advances in several towns, especially in the west.

The veteran leader predicted a swift end for "the rats" and the "colonizer", referring to the rebels and NATO, in an audio message on Libyan television, extracts of which were published by Libyan news agency JANA.

"The end of the colonizer is close and the end of the rats is close. They [he rebels] flee from one house to another before the masses who are chasing them," Qaddafi declared in what the television said was a live broadcast.

"The colonizer and its agents can now only resort to lies and psychological warfare after all the wars with all the weapons have failed," Qaddafi said as rumors circulated on Twitter and other media about his imminent departure into exile.


Much of the message, his first in several weeks, was inaudible due to a "technical breakdown", according to the television station.

The veteran leader called on his supporters to resist and to "prepare for the battle to liberate" the towns held by the rebels, as the insurgents said they had advanced in western towns including Zawiyah, Sorman and Gharyan.

The television broadcast what it said were live images of the Green Square in the heart of Tripoli where hundreds of backers of the regime were assembled brandishing portraits of the "guide", as Qaddafi is known, and Libyan flags.

-AFP/NOW Lebanon

To read more: http://www.nowlebanon.com/NewsArticleDetails.aspx?ID=300833#ixzz1V5E9pdT0
Only 25% of a given NOW Lebanon article can be republished. For information on republishing rights from NOW Lebanon: http://www.nowlebanon.com/Sub.aspx?ID=125478

===

Rebels kill 31 Gaddafi fighters in Tripoli - TV

21 Aug 2011 10:51

Source: reuters // Reuters

CAIRO, Aug 21 (Reuters) - Rebels fighting for control of the Libyan capital Tripoli have killed 31 of Muammar Gaddafi's forces and captured 42, Al Jazeera television said on Sunday, citing its correspondent.

Explosions and gunfire rang out in Tripoli through Saturday night as opponents of Gaddafi launched an uprising and rebel forces edged towards the city, declaring a final push to end his four-decade rule. (Reporting by Omar Fahmy; Writing by Dina Zayed)

====

Libya rebels 'begin attack on Tripoli'


Aug 21 2011



Explosions and heavy gunfire were reported in the Libyan capital Tripoli as rebel forces claimed they had launched an offensive against Muammar Gaddafi’s forces in coordination with Nato.

Gun battles and mortar rounds were heard clearly at the hotel where foreign correspondents stay in the capital.

Explosions also sounded in the same area as Nato aircraft carried out heavy bombing runs after nightfall.

The fighting erupted just hours after the opposition captured the key city of Zawiya nearby.

Mustafa Abdel-Jalil, the head of the rebel leadership council, told the Arab satellite channel Al-Jazeera: “We planned this operation with Nato, our Arab associates and our rebel fighters in Tripoli with commanders in Benghazi.”

Benghazi, hundreds of miles east of Tripoli, is the rebels’ de facto capital.

Government spokesman Moussa Ibrahim appeared on Libyan television to deny that there was an uprising in Tripoli.

“Sure, there were some armed militants who escaped into some neighbourhoods and there were some scuffles, but we dealt with it within a half hour and it is now calm,” he said.

The claims from both sides could not immediately be independently verified.

Rebels fighting to oust Muammar Gaddafi have scored a number of victories in the six-month civil war, only to see towns fall out of their hands. Now the momentum appears to have firmly swung in the opposition’s favour after months of near-deadlock.

Col Fadlallah Haroun, a military commander in Benghazi, said the battles marked the beginning of Operation Mermaid – a nickname for Tripoli.

He also said the assault was coordinated with Nato. Col Haroun told reporters that weapons were assembled and sent by tugboats to Tripoli on Friday night.

“The fighters in Tripoli are rising up in two places at the moment – some are in the Tajoura neighbourhood and the other is near the Matiga (international) airport,” he told Al-Jazeera.

Tajoura has been known since the beginning of the uprising in February as the Tripoli neighbourhood most strongly opposed to Gaddafi’s regime.

Earlier yesterday, the government organised a trip for reporters to the airport to show them it was still in government hands.

The head of the rebel’s leadership council said they chose to start the assault on Tripoli on the 20th day of the Muslim holy month of Ramadan, which fell on Saturday. The date marks the ancient Islamic Battle of Badr, when Muslims conquered the holy city of Mecca in AD 624.

A representative for Tripoli on the rebel leadership council told the AP that rebels were surrounding almost every neighbourhood in the capital, and there was especially heavy fighting in Fashloum, Tajoura and Souq al-Jomaa.

Those three neighbourhoods have been bubbling with discontent ever since the beginning of the Libya uprising. They paid the highest price in deaths when protesters took the streets in anti-Gaddafi protests, only to be met with live ammunition by government militiamen.

“We don’t have exact numbers yet, but we are hearing that many fighters have fallen – very likely over 100,” said Mohammed al-Harizi.

State television showed calm, aerial scenes of Tripoli in the daytime and shots of a very sparse Green Square in Tripoli, the epicentre of pro-Gaddafi rallies since the uprising began.

A couple hours after the rebels said they had attacked Tripoli, state television ran what appeared to be a live audio message by Gaddafi.

He did not appear on television but sounded like he was calling the message in on a poor phone line which crackled at times. He announced the time and date twice to prove that he was speaking live.

Gaddafi condemned the rebels as traitors and “vermin” who are tearing Libya apart and said they were being chased from city to city – a mirror image of reality.

“Libyans wanted to enjoy a peaceful Ramadan,” he said. “Instead they have been made into refugees. What are we? Palestinians?”

Government spokesman Moussa Ibrahim appeared on Libyan television to deny there was an uprising in Tripoli. But he acknowledged that there was some kind of unusual activity.

“Sure there were some armed militants who escaped into some neighbourhoods and there were some scuffles, but we dealt with it within a half hour and it is now calm,” he said.

The claims from both sides could not immediately be independently verified.

Read More http://www.walesonline.co.uk/news/latest-world-news/2011/08/21/libya-rebels-begin-attack-on-tripoli-91466-29275976/#ixzz1VfAn8yNH
===========

Reuters
End game in Libya could herald oil slump

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own)

By Una Galani
DUBAI, Aug 22 (Reuters Breakingviews) - The end game in Libya could herald an oil price slump. Like the rebel advance into Tripoli, Libyan supplies to the global market could come sooner than expected. Brent has slipped by almost $3 to almost $106 per barrel in a matter of hours. A resolution in Libya, coupled with concerns over global growth, means tight markets could soon look oversupplied.
A return of Libyan oil production to pre-unrest levels of 1.7 million barrels per day, or 2 percent of global supply, would take until 2015, according to a June estimate of the International Energy Agency. The forecast may now look too pessimistic, with the rebel-controlled Arabian Gulf Oil Co., Spain's Repsol , and Italy's ENI all suggesting normal supply could resume much faster once the crisis is resolved. Analysts reckon production could reach up to 1 mbpd within a year.
Oil prices have already eased almost $20 per barrel in four months. A supply increase, just as the U.S. and European economies look vulnerable to a new recession, will further weigh on prices. And Saudi Arabia's recent effort to offset the disruption from Libya, taking production to a record high of almost 10 mbpd, will inadvertently act to compound any supply glut, as will the IEA release of emergency reserves.
Yet any price slump is likely to be much less severe than in 2008, when oil prices crashed by more than $100 per barrel in six months. This time around, credit lines remain open to businesses. And oil demand remains strong from non-OECD countries like China, which now account for almost 50 percent of the total compared to 44 percent in 2008, according to Barclays Capital.
Politics will further support prices. Investors remain alert for any signs that the protest movement could yet spread to larger oil producers, namely Iran. And even if prices do continue to fall, high-spending Gulf oil countries have a big incentive to cut production quicker than before. Saudi Arabia needs roughly $84 per barrel to break even compared to around $50 per barrel three years ago. But with Brent prices some way off the pain threshold for producers, there's still room for a significant adjustment.

CONTEXT NEWS
-- Brent oil prices fell 2.8 percent to under $106 per barrel on Aug. 22 as Libyan rebel forces appeared close to taking control of the capital Tripoli and on the verge of ending Muammar Gaddafi's four decades in power.
-- Two of Gaddafi's sons, including Saif Al-Islam, have been captured. The whereabouts of Gaddafi himself remain unknown. Saif Al-Islam and his father are both wanted by the International Criminal Court in the Hague on charges of crimes against humanity.
-- Libyan rebels have said they could resume oil output at two large fields in the east of the country within three weeks, which would ease fuel shortages and potentially restore some supply to global markets.
-- "Our fields are under maintenance and we're still waiting for security," Abdeljalil Mayouf, information manager at Libya's Arabian Gulf Oil Company (AGOCO), which is operating the Sarir and Mesla fields, previously told Reuters.
-- OPEC member Libya is the third-largest oil producer in Africa and holds the continent's largest oil reserves. It produced 1.7 million barrels of oil a day, or around 2 percent of global supply, before the uprising began.
-- The International Energy Agency said in June that it could take until 2015 for Libyan oil production to return to pre-unrest levels.

((una.galani@thomsonreuters.com))
((pierre.briancon@thomsonreuters.com))
(Editing by Pierre Briançon and David Evans)

==========
For Pakistani truckers, NATO route row is all about the money

Wed, 30 May 2012 11:03 GMT

Source: reuters // Reuters

(Adds link to video)

By Imtiaz Shah

KARACHI, May 30 (Reuters) - Pakistani truck drivers who deliver supplies to Western forces in Afghanistan seethe whenever they recall a cross-border NATO air attack that killed 24 Pakistani soldiers last year.

Despite their anger, financial survival outweighs nationalist sentiment and the shame of helping what many see as the enemy.

The drivers hope that talks between the United States and Pakistan on reopening the routes, which were closed six months ago in protest over the raid, will soon produce a breakthrough.

They are eager to get back on the road, even though they will again risk running into attacks by Taliban militants who violently oppose the movement of goods to NATO through Pakistan.

Malik Abdul Raoof, 23, recalled how militants in dark clothes clutching AK-47 assault rifles often stopped and threatened him near the Afghanistan-Pakistan border.

"They asked 'why do you take supplies to the infidel Americans?'. They said 'you are an American informer'," he told Reuters at a massive makeshift truckers' parking lot that stretches for miles (km) along the coast in Pakistan's biggest city, Karachi.

"They made me recite Koranic verses, quizzed me on how Muslims pray. When they let me go they told me to grow a beard. I am scared and I don't like it but I have to earn (money)."

The al Qaeda-linked Taliban routinely open fire on trucks. Casualties are limited, but the attacks are dramatic. Bullets puncture fuel tanks, igniting huge fires.

Militants also set off homemade bombs to destroy container trucks packed with food, clothes and other items for NATO.

Over 1,000 vehicles have been destroyed by militants or criminal gangs in the last decade, according to the All Pakistan Oil Tankers Association.

Still, thousands of drivers are itching to get back to work to fetch 20,000-25,000 rupees ($215-269) per round trip.

To break the monotony, they play cards on cloth sheets spread on the dusty ground, listen to music and repair and paint their run-down vehicles. Some just sleep the time away in the shade of their trucks.

"DESPICABLE, FORBIDDEN" INCOME

The November NATO attack and Pakistan's closure of the routes - which account for just under one-third of all cargo that NATO moves into Afghanistan - plunged ties between Islamabad and Washington to their lowest point in years.

The supply lines are considered vital to the planned withdrawal of most foreign troops from Afghanistan before the end of 2014.

U.S. and Pakistani negotiators are deadlocked on transit fees for container and fuel trucks. Pakistani officials have denied reports Islamabad is demanding unreasonable amounts.

Idle drivers care little about Pakistan's stance, or efforts to repair ties with the United States, the source of billions of dollars in aid. It all comes down to their own bottom line.

"The United States is responsible for killing our soldiers. The culprits should be shot dead," said Mohammed Nawaz, 24, looking across a sea of trucks. "I consider the money made from driving NATO trucks despicable, forbidden. But I'm desperate."

NATO, for its part, has been diversifying its supply lines into Afghanistan.

After a string of disruptions, the alliance and the U.S. military decided to reduce their reliance on Pakistan, turning instead to routes that pass through either Russia or the Caucasus across central Asia into northern Afghanistan.

That could spell bad news for those drivers who have become shady entrepreneurs of danger along the two routes through Pakistan - one across the Khyber Pass to Kabul, and another crossing the Baluchistan province to Kandahar.

Senior officials at the All Pakistan Oil Tankers Association said some destroy their own trucks and claim it was a Taliban attack to collect insurance money.

"The fight is all about money, at every level. The governments, the Americans, the workers (truck drivers)," said Shafiq Kakar, a senior member of the association.

Some truckers stage explosions and pretend NATO goods are lost in attacks, then sell part of the consignment to traders, said association officials.

"I am praying that NATO supplies are resumed soon so that my business can take off again," said one trader in the northwestern city of Peshawar who does business with corrupt truckers and contractors.

"A lot of the material stolen from containers, especially uniforms and boots, is (even) bought by the Taliban's people."

(1 U.S. dollar = 92.8 Pakistani rupees) (Additional reporting by Jibran Ahmad in PESHAWAR; Writing by Michael Georgy; Editing by John Chalmers and Daniel Magnowski)

Monday, July 04, 2011

CUSIP, CINS

CUSIP

The acronym CUSIP historically refers to the Committee on Uniform Security Identification Procedures, which was founded in 1964, during the paper crunch in Wall Street.[1] This 9-character alphanumeric code identifies any North American security for the purposes of facilitating clearing and settlement of trades. The CUSIP distribution system is owned by the American Bankers Association and is operated by Standard & Poor's. The CUSIP Service Bureau acts as the National Numbering Association (NNA) for North America, and the CUSIP serves as the National Securities Identification Number for products issued from both the United States and Canada.

In the 1980s there was an attempt to expand the CUSIP system for international securities as well. The resulting CINS (CUSIP International Numbering System) has seen little use as it was introduced at about the same time as the truly international ISIN system. CINS identifiers do appear in the ISIDPlus directory, however.
Contents

International Codes 65

Asma Jahangir

Asma Jilani Jahangir (Urdu: عاصمہ جہانگیر) (born January 27, 1952 in Karachi) is a leading Pakistani lawyer, advocate of the Supreme Court of Pakistan, President Supreme Court Bar Association of Pakistan and human rights activist, who works both in Pakistan and internationally to prevent the persecution of religious minorities, women, and exploitation of children.

She was the United Nations Special Rapporteur on Freedom of Religion or Belief from August 2004 to July 2010 (first attached to the former Commission on Human Rights, now to the Human Rights Council). Previously, she served as the UN Special Rapporteur on Extrajudicial, Arbitrary and Summary Executions. She is also chairperson of Human Rights Commission of Pakistan.
Contents
[hide]

1 Early life
2 Work
3 House arrest
4 Author
5 Threats
6 Acknowledgements
7 Personal life
8 External links
9 References

[edit] Early life

Jahangir was born into a prosperous and politically active family with a history of activism and human rights work. Her father, Malik Jilani, was a civil servant, who entered politics upon retirement and spent years in jail and under house arrest for opposing military dictatorships. Her father was imprisoned on several occasions for his outspoken views, which included denouncing the Pakistani government for genocide during their military action in what is now Bangladesh. Her mother, educated at a co-ed college at a time, when few Muslim women even received higher education - also fought the traditional system, pioneering her own clothes business, when the family's lands were confiscated in 1967 as a result of her husband's opinions and detention.[1] Jahangir herself became involved at a young age in protests against the military regime as well as opposing her father's detention by then president, Benazir Bhutto's father, Zulfikar Ali Bhutto in 1972. She completed her BA from Kinnaird College, Lahore and her law degree in 1978,[2] and her LLB from Punjab University. She also holds an honorary doctorate from University of St. Gallen in Switzerland.[3]
[edit] Work

She has spent her career defending the human and women rights, rights of religious minorities and children in Pakistan. Jahangir was and remains a staunch critic of the Hudood Ordinance and blasphemy laws of Pakistan put in place as part of General Muhammad Zia-ul-Haq's Islamization program in Pakistan.[4][5] She is a founding member of the Human Rights Commission of Pakistan, and has served as Secretary-General and later Chairperson of the organization.

In 1980, Jahangir and her sister, Hina Jilani, got together with fellow activists and lawyers to form the first law firm established by women in Pakistan. In the same year they also helped form the Women's Action Forum (WAF), a pressure group campaigning against Pakistan's discriminatory legislation, most notably against the Proposed Law of Evidence, where the value of a woman's testimony was reduced to half that of a man's testimony, and the Hadood Ordinances, where victims of rape had to prove their innocence or else face punishment themselves.[6] On February 12, 1983, the Punjab Women Lawyers Association in Lahore organised a public protest (one of its leaders was Jahangir) against the Proposed Law of Evidence, during which Jahangir and other participating WAF members were beaten, teargassed, and arrested by police.[7]

The first WAF demonstration, however, was in 1983, when some 25-50 women took to the streets protesting the controversial case of Safia Bibi. In 1983, Safia, a blind 13-year-old girl, was raped by her employers, and as a result became pregnant, yet ended up in jail charged with fornication (zina) sentenced to flogging, 3 years of imprisonment and fined. (Jahangir defended Safia in her appeal and eventually the verdict was overruled by an appeals court due to pressure and protests.);[8] "We (their law firm) had been given a lot of cases by the advocate general and the moment this demonstration came to light, the cases were taken away from us."[9]

In 1982 Jahangir earned the nickname "little heroine" after leading a protest march in Islamabad against a decision by then-president Zia ul Haq to enforce religious laws and stated: "Family laws [which are religious laws] give women few rights" and that "They have to be reformed because Pakistan cannot live in isolation. We cannot remain shackled while other women progress." [10]

In 1986 Jahangir and Hina set up AGHS Legal Aid, the first free legal aid centre in Pakistan. The AGHS Legal Aid Cell in Lahore also runs a shelter for women, called 'Dastak'. Look after by her secretary Munib Ahmed.[11]

She is also a proponent of protecting the rights of persecuted religious minorities in Pakistan and speaks out against forced conversions.[12]

Jahangir has campaigned against human rights abuses taking place in government and police custody in Pakistan, i.e. rape in police custody is widespread but vastly under-reported; "Women are arrested, raped and sexually assaulted every day in the presence of female constables, who find themselves helpless in such situations." [13]

In 1996 the High Court in Lahore ruled that an adult Muslim woman could not get married without the consent of her male guardian (wali). Women, who chose their husbands independently, could be forced to annul their marriages and the repercussions were highlighted by Jahangir, who also took on such cases (i.e. the case of Saima Waheed);[14][15] "Hundreds have already been arrested. This is simply going to open up the floodgates for the harassment of women and girls by their families and the authorities. The courts have sanctioned their oppression. Thousands more are bound to be affected by this."[16]

Jahangir has demanded that the government of Parvez Musharraf work to improve the record of human rights domestically. Citing examples of human rights abuses, she wrote, "A Hindu income tax inspector gets lynched in the presence of the army personnel for allegedly having made a remark on the beard of a trader. Promptly, the unfortunate Hindu government servant is booked for having committed blasphemy, while the traders and the Lashkar-e-Taiba activists were offered tea over parleys. A seventy-year-old Mukhtaran Bibi and her pregnant daughter Samina are languishing in Sheikhupura jail on trumped-up charges of blasphemy.[17]

She is also an active opponent of child labour and capital punishment: "It would be hypocrisy to defend laws I don't believe in, like capital punishment, the blasphemy law and laws against women and in favor of child labor."[10]

In her capacity as a UN official, Jahangir was in Pakistan, when Pervez Musharraf declared a state of emergency in 2007. In November 2006, she participated the international meeting for The Yogyakarta Principles as one of 29 experts. On November 5, 2007, UN High Commissioner for Human Rights Louise Arbour indicated that Jahangir was among the judicial and political officials detained by the Musharraf government.[18]
[edit] House arrest

On November 5, 2007, The Economist reported that "Over 500 lawyers, opposition politicians and human rights activists have been arrested. They include Asma Jahangir, boss of the country’s human-rights commission and a former UN special rapporteur. In an e-mail from her house arrest, where she has been placed for 90 days, Ms Jahangir regretted that General Musharraf had "lost his marbles".[19][20][21]
[edit] Author

Jahangir is the author of many publications and 2 books, "Divine Sanction? The Hudood Ordinance" (1988, 2003) and "Children of a Lesser God: Child Prisoners of Pakistan" (1992).[22]

One of her famous publications is titled "Whither are We!" and was published in Dawn, on October 2, 2000.[23]
[edit] Threats

Jahangir has received numerous threats over the years due to her activism and human rights work[4][24] and particularly after defending a 14 year old Christian boy, Salamat Masih, accused of blasphemy[25][26] and ultimately winning the case in 1995,[27] a mob at the High Court smashed Jahangir's car, assaulted her and her driver, threatening her with death.[28] Jahangir and her family have been attacked, taken hostage, had their home broken into and received death threats ever since, but she continues her battle for justice.[10][29][30]

When Jahangir undertook the case of Saima Sarwar in 1999, who was given shelter at Dastak after leaving her husband, wanting a divorce and later gunned down by her family in an act of honor killing, Jahangir received death threats for representing Saima in her divorce proceedings.[31][32][33][34]

In May 2005 Jahangir announced that she would hold a symbolic mixed-gender marathon in Lahore to raise awareness about violence against women. This was following the revelations of cases such as Mukhtar Mai. Tensions boiled over, as Islamist groups and supporters of the political Islamist alliance Muttahida Majlis-e-Amal (MMA) armed with firearms, batons and Molotov cocktails,[35] violently opposed the race, and Jahangir received especially rough treatment from local police and intelligence agents, who began to strip off her clothes in public. Of this Jahangir said "A lot of people tried to cover my back because I could only feel it I could not see my back. When they were putting me on the police van, they assured that my photograph was taken while my back was bare. This was just to humiliate, this was simply just to humiliate me."[36] A police officer told Jahangir that they had orders to be strict and to tear off the participant’s clothes. In addition she along with other participants was also beaten.[37]
[edit] Acknowledgements

In 1995, Jahangir received the Martin Ennals Award for Human Rights Defenders as well as the Ramon Magsaysay Award for "greatness of spirit shown in service of the people".[2]

In 2001 Jahangir and Hina Jilani were awarded the Millennium prize, by UNIFEM (the United Nations Development Fund for Women) in collaboration with the non-governmental organisation International Alert.[10]

In 2002 she was awarded the Lisl and Leo Eitinger Prize.[4]

In 2005 she was nominated for the Nobel Peace Prize as part of the 1000 Women for Peace project.[38]

On May 29, 2010 at the International Four Freedoms Award 2010 Jahangir will receive the Freedom of Worship Medal for her human rights and religious freedom activism in a ceremony held in the Nieuwe Kerk in Middelburg, Holland.[39]

On March 23, 2010 for services in Human Rights, she was awarded the Hilal-i-Imtiaz, the second highest civilian award of Pakistan.[40]

On October 27, 2010 She won the Supreme Court Bar Association election by defeating her competitor Ahmed Awais and securing 834 of total votes and became the first ever women President of SCBA in the history of Pakistan. .[41]

On December 10, 2010 she was awarded with the 2010 UNESCO/Bilbao Prize for the Promotion of a Culture of Human Rights.[42]
[edit] Personal life

She is married and has a son and two daughters, Munizae Jahangir, a journalist and Sulema Jahangir, who is also a lawyer.
[edit] External links

Interview 'Pakistan Should Have Taken The Moral High Ground' August 29, 1998
ABC News - Nightline Interview: A Matter of Honor By Forrest Sawyer February 15, 1999
Profile of Asma Jahangir 2000
Democracy is Survival for Women 2000
RAWA Articles on Asma Jahangir March 2000
A law to lament By Asma Jahangir June 5, 2002
Asma Jahangir in her Own Words 2002
Of Rites and Rights: An Interview with Asma Jahangir By Anniqua Rana September 23, 2003
News Report on appointment as Rapporteur on Freedom of Religion or Belief
UN Special Rapporteur on freedom of religion or belief
Human Rights Commission of Pakistan (HRCP)
Time Magazine profile April 21, 2003
Interview with Asma Jahangir By Nermeen Shaikh October 27, 2005
Interview 'If Pakistan Can Take Up Gujarat Riots, Surely India Can Raise The Balochistan Issue' February 6, 2006
Gulf News: A profile in courage April 2, 2007
Declan Walsh talks to Asma Jahangir, Pakistan's human rights champion 20 July 2007
Under House Arrest, Pakistani Human Rights Leader Asma Jahangir Speaks Out on Musharraf’s Crackdown November 14, 2007
The Last Word: Asma Jahangir 2007
Human rights lawyer and activist speaks out against Pakistani military dictatorship February 20, 2008
Katy Clark speaks with Asma Jahangir on 'Violence in Pakistan' October 28, 2009

[edit] References

^ EuropaWorld 9/3/2001
^ a b The 1995 Ramon Magsaysay Award for Public Service
^ Leadership profile
^ a b c Prize winner 2002: Asma Jahangir
^ Asma Jahangir by Laila Kazmi
^ Women and Children: The Human Rights Relationship - Asia
^ Fight Hudood, Protect Women By Beena Sarwar
^ Swat The System
^ Dawn - The Reviewer, April 2, 1998, "A ray of hope" by Muneeza Shamsie
^ a b c d Asma Jahangir
^ Asma Jahangir and Hina Jilani
^ Democracy is Survival for Women
^ Women in Pakistan disadvantaged and denied their rights
^ Book: Muslim women and the politics of participation By Mahnaz Afkhami,Erika Friedl
^ Police exploiting LHC ruling, apex court told: Delay in Saima case affected 250 couples: Asma
^ A beacon in Islam's dark age By Yasmin Alibhai-Brown 22 October 1996
^ Whither are we?
^ "UN's top rights official voices alarm at imposition of state of emergency". United Nations. 2007-11-05. Retrieved 2007-11-05.
^ "Coup number two". The Economist. November 5, 2007.
^ Asma Jahangir: Musharraf has lost his marbles and is targeting progressives
^ The Real Musharraf
^ Open Library
^ Whither are we? by Asma Jahangir
^ Pakistan: Honour killings of women and girls
^ Fourteen-year old Pakistani Christian escapes death penalty on appeal: A chronology
^ Pakistani Christians Under Attack
^ Statement: Prevention of Discrimination against and Protection of Minorities United Nations Economic and Social Council, 14 July 1998, Retrieved 2010-05-10
^ Pakistan - Attack on Advocate Asma Jahangir By International Commission of Jurists
^ Speak Truth to Power Defender
^ Interview 'Pakistan Should Have Taken The Moral High Ground'
^ Pakistan: Woman killed for trying to divorce her husband
^ Center for Women's Global Leadership - Honor Killings Statement
^ A question of honour
^ Amnesty International - Pakistan: Government indifference as lawyers defending women’s rights are threatened with death
^ State of human rights
^ Indepth Pakistan: Land, Gold and Women Part 1: The case of Shazia Khalid
^ Lahore mixed-run: Government and Shabab-e-Milli are one: Asma Jahangir
^ Global Fund for Women
^ Press release laureates Four Freedoms Awards 2010
^ List of recepients [sic] of Pakistan Day civil awards
^ Asma Jahangir wins SCBA elections
^ [1]

Friday, July 01, 2011

US rejects demands to vacate Shamsi airbase

US official says the base is neither vacated nor being vacated, drone attacks will continue. PHOTO: FILE
Awan was speaking to the media in Lahore. PHOTO: FILE US official says the base is neither vacated nor being vacated, drone attacks will continue. PHOTO: FILE

WASHINGTON / LAHORE: The United States is rejecting demands from Pakistani officials that American personnel abandon a military base used by the CIA to stage drone strikes against suspected militants, US officials told Reuters.

US personnel have not left the remote Pakistani military installation known as Shamsi Air Base and there is no plan for them to do so, said a US official familiar with the matter, who asked for anonymity to discuss sensitive material.

“That base is neither vacated nor being vacated,” the official said.

The information was confirmed by a second US official. The US declaration that drone operations in Pakistan will continue unabated is the latest twist in a fraught relationship between security authorities in Washington and Islamabad, which has been under increasing strain for months.

Regarding the Shamsi base in particular, Pakistani officials have frequently suggested it is being shuttered, comments that may be aimed at quieting domestic opposition to US military operations using Pakistani soil.

Earlier this week, Pakistani Defense Minister Ahmed Mukhtar told the Financial Times that Pakistan had already stopped US drone operations there.

On Thursday, Mukhtar told Reuters: “When they (US forces) will not operate from there, no drone attacks will be carried out.” He said Islamabad had been pressuring the US to vacate the base even before the May 2 commando raid in which US Navy SEAL commandos killed Osama bin Laden. After the raid, Mukhtar said, “We told them again.”

A senior Pakistani military official, who spoke on condition of anonymity, added that when US forces first launched counter-terrorism operations in Afghanistan, Pakistan “provided Americans two bases in Jacobabad and Shamsi. Jacobabad base has been vacated for long time ago, but Shamsi is still with them.”

“They are vacating it,” the official insisted. “Shamsi base was for logistic purpose. They also used it for drones for some time but no drones have been flown from there.”


Different stories

The official said no base in Pakistan was presently used by the Americans for drone operations. But he did not give a precise date for when drones supposedly stopped operating from Shamsi.

The US officials disputed that account. If anything, the Obama administration is moving to a counter-terrorism strategy based more on drone strikes and other covert operations than on deploying large numbers of troops.

On Wednesday, John Brennan, president Barack Obama’s top counter-terrorism advisor, promised that in the tribal regions along the Afghan/Pakistan border, the US would continue to “deliver precise and overwhelming force against al Qaeda.”

“And when necessary, as the President has said repeatedly, if we have information about the whereabouts of al Qaeda, we will do what is required to protect the United States — as we did with bin Laden,” Brennan said in a speech.

Pakistani officials have faced fierce criticism for tacitly allowing the CIA to conduct drone operations on Pakistani soil. Allegations that civilian bystanders have been killed in drone attacks have only compounded the political problems facing Pakistani authorities.

Brennan rejected suggestions that US drone attacks had caused numerous civilian casualties, claiming that the US had been “exceptionally precise and surgical” in its operations. “Not a single collateral death” had been caused by US counter-terrorism operations over the last year, he said.

US officials have said that since the United States in July 2008 greatly increased the rate of drone-borne missile strikes against suspected militants along the Afghan/Pakistan border, the number of civilian deaths caused by such attacks has totaled under 40. Some Pakistani officials and human rights activists have claimed the death toll is much higher.

===

Pakistan tells US to leave Shamsi airbase
By Kamran Yousaf
Published: June 30, 2011

Defence minister says it is time to review anti-terror cooperation with Washington.
ISLAMABAD:

Pakistan is pushing the US to abandon an airbase in Balochistan that the Central Intelligence Agency (CIA) has reportedly been using for years to undertake its drone campaign inside the country’s tribal areas, the defence minister said.

Defence Minister Ahmed Mukhtar’s statement confirming that the US had been told to leave the Shamsi airbase is the latest indication of the simmering tensions between the key war-on-terror allies.

The minister told a group of journalists in Islamabad on Wednesday that it was time to review the anti-terror cooperation with the US.

“We have told them [US officials] to leave the airbase,” APP quoted Mukhtar as saying.

Pakistan first asked the CIA to vacate the airbase early this year when the two countries negotiated to redefine their cooperation after an American contactor shot at and killed two Pakistanis in Lahore.

Islamabad pressed its demand harder after last month’s overnight-raid by US Navy SEALs in Abbottabad that killed former al Qaeda chief Osama bin Laden.

The move by the security establishment was part of its efforts to reduce US footprints on Pakistani soil.

It is still unclear whether at all, or when, the Americans would abandon the facility they have been using since former president Pervez Musharraf first allowed them to operate from it back in 2006.

Meanwhile, there were more signs of escalating tensions between Washington and Islamabad as the Pakistani military hit back at US generals accusing it of being lax on militants.

A statement by the military’s public relations wing rebuked a statement by top US generals in a testimony before the Senate’s arms service committee.

“We reject allegations leveled by senior US military officials as reported in a section of the press casting aspersions on the desire and capability of the Pakistan army to fight militancy,” said the statement by the Inter Services Public Relations (ISPR).

Lieutenant General John Allen, named the next commander in Afghanistan, suggested Pakistan was keeping its options open by allowing Haqqani fighters to operate within its borders.

“It’s a function, probably, of capacity. But it might also be a function of their hedging, whether they have determined that the US is going to remain in Afghanistan and whether our strategy will be successful or not,” Allen told the Senate Armed Services Committee.

But Pakistani military rejected the comments terming them “uncalled for”.

“Our concerns and constraints must be taken into consideration before making any statement questioning our commitment to fighting militancy,” the ISPR statement added.

The reaction by the Pakistani military appeared to be indicating that both countries were facing a severe trust deficit in terms of who should spearhead a so-called reconciliation process in Afghanistan.

Mukhtar also admitted that the level of trust deficit was the highest in 10 years, but suggested it could be reduced through constant engagement.

“This trust deficit could be reduced by sitting together and taking joint actions,” he told the media.

On Tuesday, US vice admiral William McRaven, who oversaw the Bin Laden raid, said the US military believes that Taliban supreme leader Mullah Omar is in Pakistan and had asked the Pakistani army to locate him.

Asked about Omar, Mukhtar said: “Even if he was in Pakistan, he would have left the country after the Abbottabad incident.”

Published in The Express Tribune, June 30th, 2011.

==============

Evacuation: Seven aircraft land at Shamsi base

Published: December 8, 2011

Sources also reported that that some equipment was loaded onto the aircraft.

QUETTA:

At least seven aircraft landed at Shamsi airbase in Balochistan on Wednesday to airlift personnel and equipment out of Pakistan. According to sources in Washuk district, American officials were likely to vacate the airbase today (Thursday).

“Seven aircraft have landed here since morning,” a local confirmed, adding, “They also set several containers on fire today … the containers were used by American officials.”

Sources also reported that that some equipment was loaded onto the aircraft. However, drones stood in nearby hangars and an American radar was also visible that had so far not been shifted.

No US official was available to comment on whether American will vacate the airbase on Thursday.

The controversial airbase, located about 300 kilometres south of Quetta, has been used as a key launch pad for drone strikes in Afghanistan and allegedly also for those carried out in Pakistan’s own tribal areas.

Published in The Express Tribune, December 8th, 2011.

BP's Iraq contract leads way as Petrofac...



SpikeyDT


BP's Iraq contract leads way as Petrofac reveals £1.3bn deals
Published Date: 01 July 2011
By Dominic Jeff
http://business.scotsman.com/business/BP39s-Iraq-contract-leads-way.6793976.jpG


ENERGY services group Petrofac said it has gained $2.1 billion (£1.3bn) in orders in the first six months of the year, including a contract with BP in Iraq announced this week.
The London-listed firm - which has a large operations base in Aberdeen and a training centre in Montrose - said in a trading update yesterday that it had a backlog of work of about $11.4bn, which it predicted would remain stable for the rest of the year.

Chief executive Ayman Asfari said: "We continue to deliver good operational performance across our portfolio of projects, including on the South Yoloten project in Turkmenistan, and we are well on course to deliver like-for-like net profit growth in 2011 of at least 15 per cent, in line with our previous guidance."

Petrofac's new one-year deal with BP is its second in Iraq and marks a further expansion in the war-torn oil producer. The $90 million inspection, maintenance and repair contract for the Rumaila oil field in southern Iraq will be shared with a Chinese joint venture partner but will be led by Petrofac's offshore engineering and operations business and is worth $63m to the group.

Petrofac also announced that its long-standing chief financial officer, Keith Roberts, will retire from the group at the end of the year.

Roberts, 54, joined the firm in early 2002 and played a leading role in its 2005 flotation.

He will be replaced by Cable & Wireless Worldwide director Tim Weller.

Tony Shepard, analyst at Charles Stanley, said he was surprised by the change but added that Roberts was leaving the group in "excellent health".

"It has a strong order book which gives excellent revenue visibility and the balance sheet is strong," he said.

Despite being impressed by the figures, which suggest it could double its recurring 2010 earnings by 2015, Charles Stanley rated Petrofac a "hold" in the short term, noting that shares were already "up with events". Petrofac teams up with Schlumberger for big projects Thu, Jan 05 03:00 AM EST * Says tie-up will enable it to work on larger scale projects LONDON, JAN 5 - British energy services firm Petrofac said it will team up with Schlumberger, the world's largest oilfield services company, to enable it to bid for bigger projects with national oil companies and other firms. ===================== Special Report: Iran’s Oil Smuggling Network in Iraq Posted on February 7, 2012 by dancingczars | Leave a comment 1 Votes Stratfor Global Intelligence http://dancingczars.wordpress.com/2012/02/07/special-report-irans-oil-smuggling-network-in-iraq/ Commentary by Jim Campbell Readers at this site will recall that I’ve mentioned on several occasions, Obama’s ill advise departure from Iraq would lead to Iran making a move on the Rumilia Oil fields. For the moment shall we say I was both right ans wrong. Never underestimate bribes, smuggling to and immediate solution to the problem. I have no doubt when Iran feels the time is right the will make their run on Iraq’s liquid gold. US and coalition forces work on while guarding Iraq’s Oil production What could stop them, more special operations sabotage, and continued assassinations. That’s my story and I’m sticking to it, I’m J.C. and I approve this message. Summary After years of war-induced economic stagnation, Iraq is showing the potential to dramatically increase its capacity to export oil in anticipation of higher oil production. With much of this oil and infrastructure development taking place in Iraq’s Shiite-concentrated south, the biggest external beneficiary of Iraq’s increased oil output would be Iran. Through a web of alliances including Iraqi politicians, unions, oil syndicates and militias, Iran is already well-positioned to extract oil revenues from southern Iraq via informal channels. This allows Iran to draw from a large stash of resources to maintain its regional influence while insulating itself against an intensifying sanctions campaign targeting Iranian oil exports. Analysis Over the past couple of years, oil production in Iraq’s Shiite-majority southern region has been steadily rising because of production in the Rumaila, West Qurna Stage 1 and Zubayr supergiant oil fields that were auctioned off to foreign companies in 2009. Sitting on 115 billion barrels of proven oil reserves, more than 80 percent of which is concentrated in the south, Iraq has the potential to rival Saudi Arabia’s production rate of roughly 10 million barrels per day (bpd) within the decade. Iran is especially interested in the prospect of increased oil production in southern Iraq. Tehran has built a complex oil smuggling network that allows it to bring in significant revenues from southern Iraq’s oil production. These funds enable Iran to maintain its influence in the region while preparing to defend itself against more stringent sanctions against its oil exports. SOUTHERN IRAQ’S OIL EXPANSION PLANS Most of Iraq’s oil lies in large and shallow oil fields very close to the coast on transit lines that do not cross population centers. This makes the oil relatively easy and inexpensive to extract and thus highly profitable. But years of sanctions, war and insurgency have dilapidated the country’s energy infrastructure. According to oil-pricing agency Platts, Iraqi oil production rose to an average 2.653 million bpd in 2011, a 12 percent increase from 2010′s average of 2.364 million bpd. Iraqi Oil Ministry data indicates that the country has a production capacity of around 2.9 million bpd, with ongoing efforts to meet a production target of 3.4 million bpd by year’s end. The problem is that Iraq has not completed the critical upgrades to its export and storage infrastructure necessary to cope with a significant rise in production. Southern Iraq’s oil production is thus largely limited to what it can export, which is roughly 1.89 million bpd. To alleviate this bottleneck, Iraq is planning an ambitious project to expand the export capacity of Basra’s oil terminals to about 4.8 million bpd by 2014. Four single-point mooring facilities, each expected to add another 850,000-900,000 bpd in export capacity, are to be completed by 2014. The project has encountered repeated delays: An inauguration ceremony for the first terminal scheduled for Jan. 25 has been postponed for a third time, though a member of Iraq’s southern export expansion team told Reuters that the terminal would be ready to receive crude vessels in February after pipeline connections and testing were completed. The second terminal is scheduled to be ready within six months, the third by the end of 2012 and the fourth by the end of 2013. IRAN’S STAKE IN IRAQ’S OIL Though it is unlikely that Iraq will be able to meet all its production targets and project deadlines, there is no doubt that it has a chance to significantly elevate its energy status in a relatively short time. Because much of this energy activity is taking place in Iraq’s mostly Shiite-populated south, in close proximity to the Persian Gulf, the country most focused on Iraq’s energy prospects is Iran. When the United States completed its military withdrawal from Iraq at the end of 2011, it left the door open for Iran to consolidate its influence in an energy-rich country at the heart of the Arab world. The influence of Iran, a predominantly Shiite state itself, is most entrenched in Iraq’s Shiite-majority south. Though many Shiite Iraqi politicians are opposed, Iran’s geopolitical ambition is to make southern Iraq an extension of itself, thereby allowing Iran to vastly, albeit indirectly, increase its share in the global energy market. With the U.S. sanctions campaign against Iran intensifying, this is an especially critical goal for Tehran. Iran is well-positioned to reap the benefits of increased Iraqi oil production. According to Stratfor sources, roughly 10 percent of Basra’s oil production is smuggled, most of which ends up in Iran for export. The market value of the oil that is stolen each day is roughly $20 million, providing a significant source of funds from which Iran can draw to protect itself against sanctions. THE IRAQ-IRAN SMUGGLING ROUTE The main smuggling route from Iraq to Iran begins at the Khor al-Zubayr oil terminal, where the bulk of Iraq’s southern oil converges. Smugglers will drill holes in the pipeline at the oil terminal and load containers of oil into small boats. The boats are manufactured locally in Basra and typically carry between 70 and 120 barrels of crude. From there, the boats take the crude down the Khor al-Zubayr waterway out to the Persian Gulf, where it is loaded onto tankers bound for Iran. Thefts also occur farther down the smuggling route near al-Faw Peninsula, where smugglers make holes in underground pipelines, using hydraulic perforation equipment to avoid fires. Much of the oil leaks into artificial lakes in the area, where tankers come and load it. From the al-Rasas island near al-Faw Peninsula, crude can travel by boat up the Bahmanshir River (a tributary of the Karun River) to the Abadan refinery in Iran for processing and export. Oil smuggling along the river known as the Shatt al-Arab also occurs, though it is much less common due to the hazardous nature of the waterway and increased monitoring along the route. High-speed Iraqi boats are used to travel along the Shatt al-Arab to Iranian territorial waters to unload their cargo, but the route is costly due to the number of bribes that need to be paid along the way. Rampant smuggling has long been a characteristic of Iraqi oil production, so it makes sense that current infrastructure and business practices in southern Iraq allow ample room for oil theft. Metering systems to gauge oil flow and detect disruptions are more prevalent in the Basra and Khor al-Zubayr ports but are largely absent along the rest of the oil transit route. Many of the meters are damaged and deliberately not repaired to facilitate smuggling. Moreover, Basra oil officials involved in the illicit oil trade are known to play a role in delaying repairs to holes in pipelines to give the smugglers more time to operate. IRAN’S OIL SMUGGLING NETWORK IN IRAQ Iran has an extensive network of politicians, oil unions and cartels, and militias that it uses to reap the benefits of Iraq’s southern oil production. The multiple players and complex ideologies that make up Iraq’s Shiite landscape require Iran to devote a lot of time and resources to managing the various stakeholders in Iraq’s southern oil industry. This variety also allows Iran to play the different sides off one another to preserve its control over the oil smuggling network. Political Groups Ideally, Iran would like to see southern Iraq evolve into a single, Shiite-dominated state within an Iraqi federation that would serve as an Iranian satellite. Theoretically, such a state would allow Iran to carve out a more defined sphere of influence among the Iraqi Shia to help manage important tasks such as distributing revenues from the oil smuggling network. Iran’s desire for a distinct Shiite state in Iraq may explain why Iran’s closest political ally, the Islamic Supreme Council of Iraq, has been the Iraqi parliament’s strongest proponent for establishing a single Shiite region in the south. However, the majority of the Shiite groups in the south, such as the Dawa Party, the Sadrite movement and the al-Fadhila party, have opposed the idea. These groups work closely with the Iranians but are more nationalist and still see a need to preserve political autonomy from Iran. Al-Fadhila is the most entrenched in Iraq’s oil smuggling business. Basra residents are even known to refer to al-Fadhila, which means “virtue” in Arabic, as the “Islamic Oil Party.” The party is firmly Iraqi nationalist and has been highly resistant to Baghdad’s attempts to bring more foreign energy expertise to the south for fear of seeing its regional clout undermined, but its leader, Sheikh Mohammad Yaqubi, is friendly with Iran. Al-Fadhila has a significant presence in the Southern Oil Company of Iraq and maintains a strong relationship with the trade union of workers in the Basra oil industry. The party will typically pay Southern Oil Company employees who collaborate with it in oil theft around $5,000-$10,000 per 1,000-barrel shipment. Al-Fadhila is also the leader in southern Iraq when it comes to using oil revenues to buy the allegiance of local political groups, gangs and the Basra police force. Militias Iran plays a significant role in managing the various militias involved in oil smuggling in southern Iraq. In return for protecting Iran’s energy interests and eliminating resistance to the Iranian-run oil smuggling networks, the militias get a significant cut of the profits. When one militia grows too powerful, Iran will typically find ways to dilute its strength by developing competing splinter groups and integrating militia members into the security apparatus and sometimes even the political process. Iran’s strategy of managing Iraq is to alter the key Shiite leaders it deals with, which ensures that no one becomes strong enough to consider abandoning or turning against Iran. This dynamic is illustrated in Iran’s handling of Iraqi nationalist Shiite leader Muqtada al-Sadr and his Mehdi Army, Asaib Ahl al Haq (which splintered from the Sadrites with Iranian backing) and the rise of the Hezbollah Brigades in the Iranian oil smuggling network. Al-Sadr and his following have traditionally been vehemently nationalist and have taken care to distance themselves from Iran. When Qais al-Khazali, who studied under al-Sadr’s father, Grand Ayatollah Mohammed Sadiq al-Sadr, split from the group in 2004 to form his own faction, Iran developed a tight relationship with Khazali’s group. Khazali eventually formed his own militia, Asaib al-Haq (League of the Righteous), with heavy Iranian financial and military assistance. In 2007, al-Sadr fled to Iran in the face of threats from the U.S. military and his own Shiite rivals. Al-Sadr announced that he was deactivating the Mehdi Army in 2008 in exchange for entry into the Iraqi government. The Sadrites now hold 40 seats, a majority of the ruling Shiite coalition’s seats in parliament, and control seven ministries, though al-Sadr remains under Iran’s influence. Whereas at the beginning of the decade, the Sadrite movement enjoyed more autonomy in southern Iraqi affairs, the Promised Day Brigade, which evolved out of the Mehdi Army, now sits well within the Iranian sphere of influence. While the clout of the Sadrites waned in the south and rose in the central government, Asaib Ahl al-Haq became the primary militia Iran would rely on to run its business in Basra. The militia has proved particularly effective in containing tribal resistance to Iran’s operations in Basra, most of which came from Sheikh Kazim al-Unayzan, who leads the south clan council and whose following is said to exceed 3 million Shia. An illustration of Asaib Ahl al-Haq’s utility to Iran was witnessed when tribal Sheikh Mohammad al-Bahadli, chief of the council of liberation and construction, formed his own militia called Asad Allah al Ghalib. This militia, according to a Stratfor source in the region, was quickly put down by Asaib Ahl al-Haq. Asaib Ahl al-Haq also has a reputation of liquidating Iran’s rivals in the south, including clan leaders, officials at Basra and Umm Qasr ports, and employees of the Southern Oil Company of Iraq who refuse to cooperate in Iran’s oil smuggling network. In line with previous tactics, Iran appears ready again to diversify its militia assets and has played a key role in pressuring the Iraqi central government to welcome Khazali and Asaib Ahl al-Haq into the political process. In early January, the Iraqi government announced that Asaib Ahl al-Haq has not turned in its weapons but that it has agreed to lay them down and plans to participate in the next parliamentary elections under a new name. With Asaib Ahl al-Haq entering the political arena, Iran has already prepped another key Shiite militant patron — the Hezbollah Brigades — to backfill Asaib Ahl al-Haq’s role in protecting the oil smuggling business. The Hezbollah Brigades have not expressed any interest in entering the political process and have stressed the need to play a leading militant role in the south. Marginal groups that have an Islamist orientation and that have politically accommodated themselves to Iran in exchange for oil dividends include Harakat Sayyid al Shuada, Hizb Tha’r Allah al Islami, Shuhada al Mihrab, and the March 17 Party of Sheikh Abdullah al Ishmain. Iran’s Oil Syndicate The main Iranian figure who manages the Basra oil syndicates is Gen. Qassem Suleimani, the commander of the Quds Force of the Islamic Revolutionary Guard Corps (IRGC). Suleimani plays a key role in buying patronage in Basra and the rest of the south using the revenues from stolen oil. Most of the money is deposited in branches of IRGC-owned banks in Iraq. Suleimani’s network covers the tasks of arms smuggling, oil smuggling to Iran, the collection and dissemination of oil revenues, and the abduction (and sometimes assassination) of anti-Iranian figures in southern Iraq. TEHRAN’S LEVERAGE OVER BAGHDAD Iran’s control over oil smuggling in Basra is institutionalized and well beyond the ability of the central government in Baghdad to control. Though Iran is in the process of consolidating Shiite influence in Iraq, it has no desire to see a strong central authority in Baghdad that could try to undermine its already well-entrenched leverage in the south. As a result, Iran has quietly but firmly resisted Iraqi Prime Minister Nouri al-Maliki’s attempts to wield exclusive control over the government and his efforts to augment his military and political strength in the south. In fact, Iran’s most effective way of ensuring its influence over the political authorities in Baghdad is by maintaining a strong grip over its oil smuggling operations in the south. Iran uses its energy clout in Iraq to ensure that Iraqi government authorities, including al-Maliki, get a hefty share of monthly revenues from the oil theft — amounting to millions of dollars — giving Baghdad less inclination to protest Iranian interference in Iraqi affairs. Iran’s significant and growing influence over Iraq’s oil industry cuts to the heart of the U.S. challenge in trying to contain Iran in Iraq. When it comes to critical policy decisions on extending the U.S. troop presence in Iraq or in accepting major military assistance from the United States, Iran has ample financial might from the oil revenues it earns through smuggling to influence the minds of Iraqi decision-makers. Likewise, U.S.-led efforts to tighten sanctions and cut into Iran’s bottom line fail to take into account the millions of dollars Iran is able to bring in daily through its shadowy channels throughout Basra. ========================= Iraq picks Petrofac for $95 mln contract-source Mon, Jun 18 08:32 AM EDT * Petrofac to win service contract for offshore terminals * Selected for 12-month extendable contract BAGHDAD, June 18 (Reuters) - Iraq has picked British oil services firm Petrofac for a $95 million contract to carry out maintenance work for its new offshore terminals and sub-sea pipelines at the Gulf, an Iraqi oil official said on Monday. Under the contract, Petrofac should conduct maintenance work to ensure there are no leakages in the pipelines or any faults at the two new single point mooring (SPM) terminals that may delay the loading of crude, the official said. Three companies were short-listed by the state-run South Oil Company to bid for the project, including Italy's Saipem and Australian construction firm Leighton Holdings . "Petrofac's offer was picked up for the service contract and the one year extendable contract has been referred to the oil minister for final approval," the oil official, who declined to be named, said. Iraq has planned for four new SPM terminals which are being built by Leighton and are expected to help it in doubling crude output in the next few years. The opening of two SPM terminals this year has eased export constraints and boosted oil exports significantly. Baghdad has signed a series of contracts with foreign oil companies that target total oil production capacity of 12 million barrels per day (bpd) by 2017 - up from about 3 million bpd. Most analysts see 6 million to 7 million bpd as a more realistic goal. OPEC-member Iraq is expected to be a major source for future oil supplies. =====

Marathon Petroleum to Go Public on $14.7 Billion Valuation

June 30, 2011, 5:11 PM EDT


June 30 (Bloomberg) -- Marathon Petroleum Corp. is set to debut on the New York Stock Exchange tomorrow as the second- largest U.S. independent oil refiner after surging gasoline prices drove a year long rise in refining stocks.

Marathon Petroleum is being spun off from parent Marathon Oil Corp. amid growing investor demand for companies that can capitalize on gasoline prices that rose at twice the rate of crude oil in the past 12 months, said Sam Margolin, an analyst at Dahlman Rose & Co.

The refiner is valued at $14.7 billion in unofficial trading permitted by exchanges to help investors gauge demand, on par with the largest independent refiner, Valero Energy Corp., which has twice the fuel-making capacity. Marathon Petroleum is poised to capture higher margins thanks to upgrades at plants that account for half the company’s oil processing, said Jacques Rousseau, an analyst at RBC Capital Markets LLC.

“It’s seen as a new name in a group of companies that have run up aggressively in the past year, and people think it’s an opportunity to buy a stock that doesn’t have a chart showing a year’s worth of massive gains behind it,” said Margolin in a telephone interview from New York.

Marathon Oil Chief Executive Officer Clarence Cazalot in January revived a plan to split off the refining division after years of frustration that the fuel-producing unit was a drag on the value of the company’s more profitable crude and natural-gas business. Cazalot, a former exploration chief at Texaco Inc., canceled the original spinoff in February 2009 after the global financial collapse deflated equity markets.

Asset Sales

Since then, Marathon Oil has sold off $1.9 billion in refining, storage, pipeline and retail assets, including a plant in Minnesota, and hundreds of convenience stores. The margins earned in the U.S. from processing crude into fuels during that time almost tripled as the recession ended and energy demand rebounded.

Since assuming the top job at Marathon Oil when it was spun off by U.S. Steel Corp. in 2002, Cazalot, 60, has quadrupled net income and expanded the company’s search for oil and gas to Iraq, Indonesia and Poland. On June 1, the company agreed to pay $3.5 billion to Hilcorp Resources Holdings LP for Texas leases that may add the equivalent of 100 million barrels of crude to its reserves by the end of this year.

As a result of the transaction, Cazalot raised his production-growth estimate through 2016 to 5 percent to 7 percent a year from a previous forecast of 3 percent to 5 percent.

Shares Lag

Marathon Oil posted share price gains averaging 7 percent for the past five years, lagging Los Angeles-based Occidental Petroleum Corp. and Anadarko Petroleum Corp. of The Woodlands, Texas, which rose 17 percent and 10 percent a year, respectively. Neither Occidental nor Anadarko engage in refining.

Marathon Petroleum’s margins probably will widen starting in late 2012 after the completion of a $2.2 billion upgrade to the company’s Detroit refinery that will boost its ability to process cheaper crude, RBC’s Rousseau said in a telephone interview.

The Detroit project will increase the refinery’s capacity to handle heavy crude from Canada’s oil sands to 100,000 barrels a day from 20,000 barrels, Rousseau said. Heavy Canadian crude sells for 20 percent to 30 percent less than the lighter types of oil from the Gulf Coast that the Detroit refinery currently primarily runs, he said.

Rousseau, who has an outperform rating on Marathon Petroleum, estimates the Detroit upgrade will add $1 to Marathon Petroleum’s annual per-share earnings. He expects the shares to reach $50 within a year.

“There’s a lot to like with this story,” Rousseau said.

Refining Consolidation

As a stand-alone refiner, Marathon Petroleum will have more volatile earnings than its parent because retail fuel markets tend to fluctuate seasonally, said Ted Harper, an asset manager at Frost Investment Advisors in Houston, who helps manage about $6.8 billion. Frost Investment is a subsidiary of Cullen/Frost Bankers Inc. which held 23,797 Marathon shares as of a March 31 filing.

“They may need to smooth out their earnings stream,” Harper said. Marathon should expand its refining base through acquisitions, or add to its logistics business, which includes the largest U.S. barge fleet, he said.

The U.S. refining industry has consolidated in the past six years as fuel makers, faced with soaring crude costs, cut operating expenses and shed their least-efficient plants. The transactions have included Valero’s 2005 acquisition of Premcor Inc., Western Refining Inc.’s purchase of Giant Industries Inc. in 2007, and Holly Corp.’s planned merger with Frontier Oil Corp., which is expected to close tomorrow.

Texas City

Marathon Petroleum may seek to buy BP Plc’s Texas City refinery near Houston, the biggest U.S. plant ever to be sold as a single asset, said Neil Earnest, practice leader of merger’s and acquisitions at Muse, Stancil & Co., a consulting firm in Dallas.

BP’s Texas City refinery is the third-largest in the U.S. by virtue of 475,000 barrels of daily crude-processing capacity, according to Bloomberg data. The plant is larger than anything in Marathon’s refining portfolio and would provide the ability to export diesel to South America, Earnest said.

BP will have to lower its $2.9 billion asking price for the Texas City refinery before Marathon Petroleum could afford it, said Mark Sadeghian, senior director of energy at Fitch Ratings in Chicago.

Marathon Petroleum will trade under the symbol MPC on the New York Stock Exchange.

===

http://www.reuters.com/article/2011/07/01/idUS122855+01-Jul-2011+HUG20110701

Marathon Oil Corporation Becomes Independent Upstream Company
* Reuters is not responsible for the content in this press release.
Fri Jul 1, 2011 8:29am EDT

Spin-Off of Downstream Business Completed
Cazalot Becomes Chairman of the Board; Roberts Named Chief Operating Officer

HOUSTON, July 1, 2011 - Marathon Oil Corporation (NYSE: MRO) announced today that it has completed the spin-off of Marathon Petroleum Corporation (NYSE: MPC), making Marathon Oil an independent upstream company.

Marathon Oil has a strong and geographically diverse portfolio of assets leveraged to crude oil production. The Company will continue to be based in Houston.

"This is an exciting day and a major milestone in the nearly 125-year history of Marathon Oil Corporation," said Clarence P. Cazalot Jr., Marathon Oil's chairman, president and CEO. "As an independent upstream company, we have the capacity to perform at a higher level by focusing on strategic priorities while providing greater transparency for investors. Operationally, we're poised to capitalize on a broad base of opportunities by exhibiting the speed, agility and flexibility of an independent and retaining our proven ability to accomplish large and technologically challenging projects. What isn't going to change is our focus on long-held core values of health and safety, environmental stewardship, honesty and integrity, corporate citizenship and a high performance team culture. Together, these attributes create the foundation for a strong, competitive Company with a goal of continuing to deliver long-term value growth for our shareholders."

With this change and effective July 1, Cazalot becomes chairman of the board of Marathon Oil Corporation in addition to his responsibilities as president and CEO. Additionally, David E. Roberts Jr. takes on the newly established role of executive vice president and chief operating officer. Janet F. Clark will continue in her role as executive vice president and chief financial officer.

For a complete listing of the Company's other officers, please visit Marathon Oil's new corporate website athttp://www.marathonoil.com. Among them are five newly elected vice presidents: James L. Bowzer, North America Production Operations; Steven P. Guidry, Business Development; Bryan J. Roy, Drilling and Completions; Gregory S. Sills, Upstream Developments; and Gretchen H. Watkins, International Production Operations.

To effect the spin-off, Marathon Oil shareholders received one share of MPC common stock for every two shares of Marathon Oil common stock held on the record date of June 27, 2011. MPC is now an independent, publicly traded company, in which Marathon Oil retains no ownership interest.

BRAND IDENTITY

Effective today, Marathon Oil has adopted a new corporate logo - an abstracted tri-color wave - that symbolizes the momentum resulting from its exploration and production activity as well as the drive and innovation of the Company's employees. The new branding is reflected on the new corporate website, on Twitter @MarathonOil and on Flickr, Linkedin and StockTwits.


ABOUT MARATHON OIL

Marathon Oil Corporation (NYSE:MRO) is an independent international energy company engaged in exploration and production, oil sands mining and integrated gas. Based in Houston, Texas, the Company has a strong portfolio of assets delivering defined growth leveraged to crude oil production with exploration upside. At the end of 2010, Marathon Oil had net proved reserves of more than 1.6 billion barrels. The Company's operations are located in the United States, Angola, Canada, Equatorial Guinea, Indonesia, Iraqi Kurdistan Region, Libya, Norway, Poland and the United Kingdom. For more information, visit the Company's website at http://www.marathonoil.com.


###

This release contains forward-looking statements with respect to expectations of capitalizing on a broad base of opportunities and additional growth leveraged to crude oil production. Although we believe the expectations set forth in the forward-looking statements are reasonable, we can give no assurance those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous uncertainties and risks. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may differ materially from those set forth in the forward-looking statements. In accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Marathon Oil Corporation has included in its Annual Report on Form 10-K for the year ended December 31, 2010, and subsequent Forms 10-Q and 8-K, cautionary language identifying other important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements.


Media Relations Contacts
Lee Warren: 713-296-4103
John Porretto: 713-296-4102

Investor Relations Contacts
Howard Thill: 713-296-4140
Chris Phillips: 713-296-3213


=======

STATOIL LEADING RACE FOR ANADARKO ASSETS

Norway's state-controlled energy group Statoil is in pole position to buy the Brazilian business of U.S.-listed explorer Anadarko for about $3 billion, which would mark the latest big foray by a global oil group into the South American country. http://link.reuters.com/gac96s