Iraq, China’s CPECC in $1.07 bln deal to process gas from Halfaya oilfield

Iraq and China Petroleum Engineering & Construction Corporation (CPECC) signed a $1.07 billion deal to build and operate facilities to process natural gas extracted alongside crude oil at Iraq’s giant Halfaya oilfield.

CPECC, an affiliate of China National Petroleum Corporation (CNPC), will process around 300 million standard cubic feet per day (mcf/d) of natural gas extracted from the field alongside crude oil, the oil ministry said.

Halfaya, operated by PetroChina, is Maysan Oil Company’s largest oilfield, producing 370,000 barrels per day (bpd) of the company’s total output of around 510,000 bpd.

The current total production from Maysan Oil Company’s oilfields is now around 630,000 barrels per day and expected to reach 700,000 bpd in one year.

Iraq continues to flare some of the gas extracted alongside crude oil at its fields because it lacks the facilities to process it into fuel for local consumption or exports.

At the signing of the deal on Wednesday, Iraqi oil minister Thamer Ghadhban said that Iraq is in talks with international oil companies to build a 300 million cubic feet gas plant to process gas from the West Qurna 2 and Majnoon oilfields. No company has yet been selected.

https://english.alarabiya.net/en/business/energy/2019/05/08/Iraq-China-s-CPECC-in-1-07-bln-deal-to-process-gas-from-Halfaya-oilfield.html

>>6444499

w/o doxxxing are you the anon located in a western state? if so remember that and CONGRATS.

>>6444580

Bitcoin Dips As World's Biggest Crypto Exchange Reveals $41 Million Hack

Crypto prices took a hit overnight after Hong Kong-based Binance, the world's biggest crypto exchange, revealed that hackers had absconded with 7,000 bitcoins - worth roughly $41 million at current prices - stolen from the exchange's hot wallet.

However, prices swiftly pared some of their losses after the exchange announced that customers wouldn't be responsible for the losses: Instead, depositors would be made whole with assets from Binance's 'Secure Asset Fund for Users'.

According to a blog post published by Binance CEO Zhao Zhangpeng, the company discovered a "large-scale security breach" early Wednesday morning in Hong Kong. Hackers used phishing scams, viruses and other standard hacking techniques to withdraw the entire sum from Binance's 'hot wallet' - which holds roughly 2% of deposits held by the exchange - in a single transaction.

The exchange insisted that all of its other wallets remained secure and unharmed. The hacker's withdrawal request slipped by the exchange's security protocols because it was executed at "the most opportune time" and was structured in such a way that it "passed our existing security checks."

After discovering the hack, the exchange immediately froze all withdrawals; they will remain frozen for the next week, and the exchange promised to provide regular updates on its progress.

However, while customers won't be able to withdraw currency or crypto, trading is still enabled, so anyone can adjust their positions.

Perhaps fearing what might happen to the crypto market if these types of hacks become 'normalized' (though, as far as we can tell, this would be too little, too late), Mike Novogratz, whose crypto fund lost hundreds of millions of dollars last year, insisted that the Binance hack might finally draw more regulatory scrutiny to the space (something that the dozens of other hacks have largely failed to provoke).

In a Reddit AMA held shortly after the hack was uncovered, Binance founder CZ triggered crypto purists by suggesting that Binance might push for a 'rollback' of the bitcoin blockchain to undo the hack - though he swiftly walked this back, claiming it would not be possible.

Binance will now conduct a "large scale review" of its security protocols, and most ominously, it hasn't ruled out the discovery of more breaches.

I bet they will

This isn't the first time that Binance has been targeted by cyber thieves. These types of hacks are embarrassingly common.

In Q1 alone, hackers stole more than $350 million in crypto.

https://www.zerohedge.com/news/2019-05-08/bitcoin-dips-worlds-biggest-crypto-exchange-reveals-41-million-hack

>>6444674

peace for you and your's sa-as usual.

everyone up early it seems

>>6444697

>>6444554

>>6444726

>>6444738

His forms show no purchases in that time frame or recently. He was just jawboning it up for his friends. He is a crony capitalist of the highest magnitude.

at it again:

Warren Buffett: Berkshire Hathaway has been buying shares of Amazon

Berkshire Hathaway has been buying shares of Amazon. But Warren Buffett isn’t the one behind the purchases.

“One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F” later this month, Buffett told CNBC Thursday, on the eve of the kick off of Berkshire’s annual shareholders meeting in Omaha. Buffett was referring to either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.

Buffett has long been a fan of both Amazon and its CEO Jeff Bezos, praising the company’s dominance and the founder’s business prowess. But while Buffett has sung the company’s praises, he’s never bought Amazon shares. So a headline that Berkshire was buying shares likely would spark interest in the markets.

“Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”

More: Warren Buffett commits $10 billion in Occidental Petroleum for Anadarko takeover

This isn’t the first time Buffett has lamented about underestimating Bezos and not investing in Amazon years ago.

The Berkshire chairman and CEO told CNBC in 2018: “It’s far surpassed anything I would have dreamt could have been done. Because if I really felt it could have been done, I should have bought it,” adding, “I had no idea that it had the potential. I blew it.”

In 2017, Buffett told CNBC that “stupidity” was to blame for his not seeing Amazon’s potential. “I was impressed by Jeff Bezos early, I never thought he’d pull off what he did, on the scale of what’s happened. It’s changed your behavior, everybody’s behaviors. The remarkable thing is he’s done it in two industries at same time that really don’t have that much connection.” Buffett was referring to Amazon’s dominance in e-commerce and its success in the cloud with Amazon Web Services.

https://www.usatoday.com/story/money/business/2019/05/03/berkshire-hathaway-buying-amazon-shares-says-warren-buffett/3660715002/

US Market report

Futures, Bond Yields Drop*-but not from last night-As Traders Brace For Trade Talks Collapse

*edit-alway's the doom and gloom headline with you guy's. How about letting us get to Thursday when the meetings actually begin…

() and bold/red-additions

6 months of "trade talk optimism" is being unwound in hours before our eyes.

(thank you Munchkins-this all your fault BTW)

World shares dropped to five-week lows on Wednesday as S&P futures and European stocks continued their slide following steep declines in Asia, as markets started to accept that a deal with China now appears impossible, at least in the short term. Bond yields slumped, the dollar jumped, the safe haven yen surged to a six-week high against the dollar, the pound slipped as Brexit breakthrough hopes faded, the Kiwi tumbled after New Zealand unexpectedly cut interest rates overnight, while Chinese stocks dropped after China reported an unexpected contraction in exports.

(keep watching the yield curve- cap #3-that is the canary)

(also oil as early action suggests that whatever the drop is at the bell it may not be much)

Since this is highly manipulated please take this as observation's prior to actual action-don't have a crystal ball.

European stocks pared early gains, with the Stoxx 600 trading as low as -0.4% and down for 5 of the past 6 days, as China reiterated its position on trade negotiations ahead of potential U.S. imposition of additional tariffs on Friday. Risk sentiment deteriorated after Reuters cited sources saying China backtracked on nearly all aspects of U.S. trade deal last week even as it added that "U.S. officials have little hope that Liu will come bearing any offer that can get talks back on track, said two of the sources."

Earlier in the session, Asian stocks fell for a third day, with MSCI’s Asia-Pacific share index excluding Japan falling almost one percent to touch its lowest level since late-March, driven by healthcare and consumer staples firms. Almost all markets in the region were down, with Japan and China leading losses. The Nikkei dropped -1.5% and the Topix closed 1.7% lower, with Hoya Corp. and Takeda Pharmaceutical Co. among the biggest drags. The Shanghai Composite Index dropped 1.1%, as large banks and insurers drove declines.

US event calendar

7am: MBA Mortgage Applications, prior

-4.3%

Markets seem dull relative to the above but the reality is that there’s a lot going. The last 24 hours has seen a bit of a delayed reaction to Trump’s China tariff tweet from Sunday as markets decided to take the glass half empty view as opposed to Monday’s more half full take.

(all the reactions are nothing moar than the system throwing a hissy over POTUS kicking China in the balls as munchkins, again, hasn't done shit-the system own's itself through massive share buyback programs so as mentioned over the lat few day's they may drag this out for a few day's or even into next week)

They may even sacrifice a few of the lower tier institution's along the way to keep the whole thing appearing to function.

To be fair there wasn’t a lot of new news to report yesterday besides the ongoing trade-related rumbles.

As of right now, China’s top trade negotiator Liu He is still due to travel to Washington tomorrow to meet with Lighthizer and Mnuchin. The suggestion is though that China is planning retaliatory tariffs immediately after the US increases theirs. This makes tomorrow and Friday’s meetings of critical importance and ultimately will dictate whether the threat is real or just hard ball negotiating tactics. Chinese state media has intensified its rhetoric, saying that “we will not take any step (that is) unfavorable to us.

(like you have not had favor for 50+ year's-KYS)

To the day ahead now, where this morning we’ll get March industrial production data out of Germany and April house price data in the UK. There is nothing of note in the US this afternoon however the Fed’s Brainard is due to speak just after lunch. Prior to that we’re due to hear from the ECB’s Draghi in Frankfurt at a student’s event, while the BoE’s Ramsden speaks this morning. South Africa’s national and provincial legislative elections are also due today, while US Secretary of State Pompeo is due to travel to London and meet with PM May.

https://www.zerohedge.com/news/2019-05-08/futures-bond-yields-tumble-traders-brace-trade-talks-collapse

https://www.bloomberg.com/markets/stocks/futures

https://www.dailyfx.com/crude-oil

https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx

>>6444849

6 month's anon?.try 10 year's

Not a big fan of P/E ratio's but just look at those.

Those also skewed too.

>>6444878

>>6445030

Do not have a confirmation of buffet actually buying them as of yet. Just a story saying he is. The 13-F's are not out yet for current action.

Recall the rothy story about buying disney share's, unless that is purchase buried somewhere it's not on the usual places to look.

WB own's many company's and it could be slid into one of those.

It may be him just talking as he has been prone to do over the year's

FWIW

>>6445097

o7

>>6445004

have some experience with the system implementing the start of what became common core in late 90's early 2000's. Got out of it when the district(s) decided to make everyone a "winner". They also stared migrating to the platforms to track everyone and everything every student did as well. The human part of it was being removed.

>>6445137

Fuck off sellout

>>6445269

KYS faggot