And the central banker makes three
Dec. 12th, 2005 11:59 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
solarbird1: Dollar dented ahead of Fed meeting / Chinese comments about dollar exposure add to stress | The dollar began its slide overseas, pushed lower by caution from a Chinese official over his country's dollar exposure. Yu Yongding, a Chinese government economist and chief consultant to the central bank, told Market News International that China must reduce accumulating dollar-based assets, and also cut its existing holdings.
2: "Iran - a threat to the petrodollar?" | Iran's decision to set up an oil and associated derivatives market next year has generated a great deal of interest. This is primarily because of Iran's reported intention to invoice energy contracts in euros rather than dollars.
3: "Global oil hunt: India, China join hands" | That's where the new mantra of cooperation assumes greater importance. Sino-Indian collaborations in oil have already taken off. There is the Yadavaran gas field in Iran, where OVL has a 20 per cent stake and China has 50 per cent; the estimated production is 300,000 barrels a day. The Sudan Greater Nile Oil Project is also a joint venture between CNPC (40 per cent equity) and OVL (25 per cent). Also, "Oil and power" | The Chinese-built oil tanker for Iran. China's long-term $70 billion deal to buy Iranian crude oil and natural gas begins a new power relationship that worries Washington
2: "Iran - a threat to the petrodollar?" | Iran's decision to set up an oil and associated derivatives market next year has generated a great deal of interest. This is primarily because of Iran's reported intention to invoice energy contracts in euros rather than dollars.
3: "Global oil hunt: India, China join hands" | That's where the new mantra of cooperation assumes greater importance. Sino-Indian collaborations in oil have already taken off. There is the Yadavaran gas field in Iran, where OVL has a 20 per cent stake and China has 50 per cent; the estimated production is 300,000 barrels a day. The Sudan Greater Nile Oil Project is also a joint venture between CNPC (40 per cent equity) and OVL (25 per cent). Also, "Oil and power" | The Chinese-built oil tanker for Iran. China's long-term $70 billion deal to buy Iranian crude oil and natural gas begins a new power relationship that worries Washington
