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Jun 13 2021

After years of hiatus, farmers of Sheikh Miskeen re-cultivate their lands

Daraa, SANA- Amid facilitations provided by the authorities concerned and after years of hiatus due to terrorism, farmers in Sheikh Miskeen City in Daraa Province have started to cultivate their lands and harvest their crops again. The agricultural crops in Sheikh Miskeen, vary between wheat and summer vegetables such as tomatoes, eggplants, cucumbers, potatoes and others, in addition to the orchards of olives and grapes. In a statement to SANA reporter, Yousef al-Ghazzawi, owner of a vegetable field said that he cultivated his land in 2019, while he was unable to cultivate it between the years 2014 and 2018 due …

Jun 1 2021

On The Hunt For Gas: Tel Aviv And Athens VS Ankara

Support SouthFront Greek Prime Minister Kyriakos Mitsotakis (L) shakes hands with his Israeli counterpart Benjamin Netanyahu Written by Piero Messina Tel Aviv wants to change the face of the Mediterranean leadership and does so by aiming for control of the Eastern Mediterranean. The instrument of the Israeli government is the gas quadrumvirate, the Eastmed project with its other three geostrategic pillars Egypt, Cyprus and Greece also in order to change the face of the Mediterranean leadership. Thanks to that network of pipelines, it is the first time that Israel has created a physical link with Western Europe. But the project extends …

May 23 2021

So what is money… Really…

Support SouthFront ­ Illustrative image Written by Rudy J. Fritsch. Originally published by Gold Standard Institute. You can read the first part here LINK. There is an aphorism that states “it’s not getting the right answer but asking the right question” that is crucial. Readers of this site are surely aware of blurbs like ‘real money’, ‘honest money’, ‘Fiat’ money, printed money, borrowed money… ad infinitum. Indeed, Aristotle named the desirable qualities of money; Money must be durable Money must be portable Money must be divisible Money must have intrinsic value What question were Aristotle’s qualities the answer to? The question …

Apr 11 2021

Prime Minister: Government makes sustained efforts to improve service situation in Aleppo

Aleppo, SANA- Prime Minister Hussein Arnous stressed that the government makes sustained efforts to promote the service and development situation in Aleppo province through implementation of a package of projects which positively affect the living condition of the citizens. Meeting the service, social and economic boards and members of the People’s Assembly in Aleppo city, Arnous pointed out that the most important projects which have been carried out in the province are the rehabilitation of the first and fifth groups of the thermal plant with a cost of SYP 500 billion to generate 400 MW and the project of establishing …

Mar 31 2021

Iran Touts Russia-Iran-India ‘North-South Trade Corridor’ As “Alternative” & Challenge To Suez Canal

Support SouthFront Originally appeared at ZeroHedge Coming after a ‘successful’ weekend in which sanctions-beleaguered Iran hailed its signing a major 25-year infrastructure and investment agreement with China, Iran’s ambassador to Russia is also touting that a new north-south trade corridor across the region could become a prime ‘alternative’ to the strategic Suez Canal waterway that’s been featured in global headlines due to the ‘Ever Given’ stuck tanker disaster that just played out. Called the “International North-South Transport Corridor (INSTC)” — a two decades in the making ambitious project — the new trade corridor, currently partially in operation, is 7,200km long, linking up Russia, Iran, and …

Mar 22 2021

Erdogan’s Turkey Stays On Track To Regional Dominance Despite Media Hype Over ‘Lira Fall’

Donate On March 22, Turkey’s lira started plunging against the US dollar after President Recep Tayyip Erdogan fired the head of the country’s central bank. The currency weakened about 12% from March 19 to around 8.12 per US dollar. It had slipped even further against the greenback earlier in the morning. The lira’s decrease came after Erdogan dismissed central bank governor Naci Agbal by a presidential decree on March 20. Agbal, who served less than five months, was replaced by Sahap Kavcioglu, a banking professor and former parliamentarian for Erdogan’s ruling Justice and Development Party, known as AKP. Erdogan-promoted approach …

Mar 13 2021

Tamiko supplies local markets with 50 kinds of pharmaceuticals after production lines started to recover

Damascus, SANA-  Arab Company for the pharmaceutical industry Tamiko in al-Mlaiha area in Damascus countryside managed to return to produce pharmaceuticals and cover the need of the local markets with more than 50 kinds of pharmaceuticals following eight years of stop due to terrorism and to turning its administrational headquarters in Bab Sharqi area in Damascus into a factory. Director of Tamiko Dr. Fidaa Ali told SANA in a statement that the company was able to produce various kinds of medicines like dry and liquid syrup, tablets and capsule, in addition to a group of products related to combating coronavirus …

Mar 1 2021

Syrian-Iranian Business Opportunities and Approaches Forum starts activities  

 Tehran, SANA-The Syrian-Iranian Business Opportunities and Approaches Forum started activities on Monday at the Iranian Chamber of Commerce, Industry and Agriculture in Tehran.  The Forum will tackle several issues that would reflect positively on increasing the Syrian-Iranian exports, including the cancellation of costumes duties on the goods exported to Syria which are estimated at 4 percent, in addition to reducing the ban on exporting 80 commodities to the level of one-third.  A number of Iranian officials attended the opening of the forum, including, Head of Iran’s Trade Promotion Organization (TPO) Hamid Zadboum and Head of the Joint Syrian-Iranian Chamber of …

Feb 25 2021

Syrian-Jordanian talks to activate trade exchange, transit

Damascus, SANA-Minister of Internal Trade and Consumer Protection Talal al-Barazi has discussed with a delegation of the Jordanian Chamber of Commerce, headed by Nael Kabariti, means to activate the economic cooperation and trade exchange between the two countries. Minister al-Barazi affirmed Syria’s readiness to provide all forms of support and facilitations necessary to revitalize the movement of economic cooperation and trade exchange, especially the transit trade, because of its vital role in stimulating the flow of goods between the two countries and the markets of other countries. He underlined the importance of exchanging visits between businessmen and members of chambers …

Feb 24 2021

Agricultural Sector Development Forum (Challenges and Opportunities) starts activities

Damascus, SANA- The Agricultural Sector Development Forum (Challenges and Opportunities) on Wednesday started activities under the slogan (Towards a Developmental and Competitive Agricultural Economy) at Ebla Al-Sham Hotel in Damascus Countryside, in the presence of Prime Minister Eng. Hussein Arnous The opening will be followed by four dialogue sessions, as the first session will revolve around the roles and responsibilities “governance of the agricultural sector in Syria” while the second one will focus on the problems, challenges and prospective opportunities. The third session will tackle the rural development and the economics of developmental projects and the natural resources of agriculture, …

Feb 22 2021

Move Towards Confrontation: EU Ministers Agreed On New Sanctions Against Russia

Donate ILLUSTRATIVE IMAGE The European Union has expectedly opted to remain the puppet of globalists rather than develop constructive relations with Russia in its own interest. On February 22, EU foreign ministers agreed to impose sanctions on four senior Russian officials in response to the formal leader of the pro-Western ‘non-system opposition’ Alexei Navalny, Reuters reported citing two EU diplomats. According to the report, the sanctions will target Russia’s head of the Investigative Committee, which handles probes into major crimes, the director of prisons, the director of Russia’s National Guard and the prosecutor general. This move, when it is implemented, …

Feb 17 2021

Areas cultivated with medical, aromatic corps in Hasaka exceed 31 thousand hectares

Hasaka, SANA-The total areas cultivated with medical and aromatic corps in Hasaka province for the current season have reached up to 31,458 Hectares distributed over the areas of agricultural stability. Director of Agriculture and Agrarian Reform Directorate, Eng. Rajab Salameh, told SANA reporter that the areas planted with these corps have been distributed as follows:  11,550 hectares of cumin, 16,200 hectares of coriander and 3,700 hectares of fennel flower. Most of these corps have been rainfed, especially in the northern regions of the province, and in the countryside of Hasaka and Qamishli cities. Rajab added that these corps are marketed …

Feb 8 2021

About 21,000 hectares cultivated with barley in Sweida

Sweida, SANA- The areas planted with barley crop in Sweida province during the current season have reached about 21,000 hectares, with an increase of one percent out of the total cultivation plan which reached up to 20,771 hectares. Assistant director of agriculture in Sweida, Eng. Alaa Shuhaib, in a statement to SANA reporter on Monday, said that the areas planted with barley have exceeded the plan set due to the demand on its cultivation, which is concentrated in the northern and southern countryside of the province. Eng. Shuhaib underlined the importance of rainfalls in the coming period as they will …

Jan 28 2021

With a capital of SYP 62.6 billion, 1066 industrial establishments enter phase of production in 2020

Damascus, SANA- The pace of work and investment in the industrial sector was rated as good due to the facilitations and the procedures adopted by the government in this frame, as about 1066 artisanal, industrial and investment establishments put into services during the past year with a capital of SYP 62.627 billion which are scheduled to provide 4,849 job opportunities, despite of the situation that the country is passing through due to the unilateral coercive measures and the impacts of the coronavirus, the Industrial Investment Directorate at the Industry Ministry said. In its report for the year 2020, the Directorate …

Jan 27 2021

Exportation committee stresses need to take procedures to increase national production

Homs, SANA- The Central Committee for Exportation (CCE) in the Federation of Syrian Chambers of Industry called for adopting a package of procedures for supporting exporters and finding mechanisms for this support according to each sector with the aim of increasing the production capacity of the national product in various industrial and agricultural sectors.  In a statement to SANA, Chairman of the Committee Loae Nahlawei pointed out the importance of activating the support of exports, finding new mechanism for support with changeable ratio for each sectors according to the conditions and the foreign competitive capability whether for the agricultural or …

Jan 21 2021

More than 24 thousand hectares cultivated with medicinal, aromatic crops in Hasaka

Hasaka, SANA-The areas cultivated with medicinal and aromatic crops in Hasaka province for the current season have reached about 24,200 hectares distributed over various areas of agricultural stability. Director of al-Hasaka Agriculture Department, Eng. Rajab Salameh, in a statement to SANA reporter on Thursday, said that the cultivated areas included 4,800 hectares of cumin, 15,700 hectares of coriander and 3,700 hectares of black seed, all concentrated in the first and second agricultural stabilization areas and in a part of the third one. The total area cultivated with medicinal and aromatic crops in al-Hasaka province during the last season was estimated …

Jan 19 2021

U.S. Trade Deficits Increase from COVID

Donate ILLUSTRATIVE IMAGE Submitted by Eric Zuesse  America’s trade deficit (excess of imports minus exports) reached its minimum in February 2020, and since then has increased 84% from February’s -3708, up to November’s -6812. America has one of the world’s highest rates of coronavirus-19, or Covid-19, infection, and therefore is less productive and more needy than most countries are, during the coronavirus crisis, and is consequently importing more and producing less. The reverse has generally been the case for the countries that have had good policy-responses to the virus — those countries’ economies have either been virtually unharmed by, or else have actually boomed …

Jan 18 2021

2nd Syrian Honey Festival starts activities at al-Jalaa Sport Hall, Damascus

Damascus, SANA- With the participation of 34 beekeepers from the public and private sectors, activities of the 2nd Syrian Honey Festival, which will continue until January 22nd, were launched at al- Jalaa Sport City in Damascus. The festival, which is held by the Arab Beekeepers Union in cooperation with the Ministry of Agriculture and Agrarian Reform, under the title “Honey … Food, Medicine and Cure” includes the products of the Syrian beekeepers that are quality-guaranteed and subject to analysisو in addition to production requirements, wooden beehives, and medical and food industries from materials produced by bees. Minister of Agriculture and …

Jan 17 2021

In Video: Expansion Of China’s High-Speed Rail Network 2003-2020

Donate The expansion of the high-speed rail network is a visual demonstration of the economic growth and super-projects that have been steadily making China the world’s leading power. [embedded content] MORE ON THE TOPIC: Donate FORUM

Jan 14 2021

Petroleum Ministry: Start to pump additional quantities of gasoline and oil derivations to provinces

Damascus, SANA- Ministry of Petroleum and Mineral Resources announced Thursday that additional quantities of gasoline and oil derivations started to be pumped to the provinces as Banias refinery has returned to work following arrival of crude oil shipments. General Director of the Syrian Company for the Storage and Distribution of Petroleum Products ( SADCOP) Ahmad al-Shammat told SANA in a statement that the company started on Thursday morning to increase the quantities of the oil derivations in the fuel stations in Damascus and its countryside, adding that pumping oil to the other provinces will be gradually increased. Al-Shammat pointed out …

Dec 27 2020

Bunch of vital road projects implemented in Hama and its countryside after liberation from terrorism  

Hama, SANA- A bunch of vital road projects and rehabilitation operations in areas liberated from terrorism have been implemented by the General Authority for Road Transport in Hama during the year 2020 to improve the efficiency of the central road network, raise its technical readiness and ensure the safety of its users of drivers and passengers. Director of the Authority’s branch in Hama, Khudir Fattoum, in a statement to SANA reporter, said that the year 2020 has witnessed several vital works and projects, including the construction of the Homs-Massyaf highway within the administrative areas of Hama Province with a length …

Dec 21 2020

Women, Black, LGBT VS Business. Who Will Win?

Illustrative Image The federal government of Canada has announced the launch of the “50-30 challenge”. Its stated goal is to advance and recognize diversity, inclusion and economic prosperity across the country. Through this challenge, the government calls for increasing gender parity and representation of under-represented groups in public and private organizations, and not among the usual employees, but at the level of the boards and senior management. The goals of the challenge are: – Gender parity (50%) in Canadian boardrooms – Significant representation (30%) of all aforementioned marginalised groups into senior management roles. Apparently, not all organizations are eager to …

Jul 24 2020

Russia Delivers First Arctic Oil To China Via Northern Sea Route

Donate Yamal Peninsula oil and gas shipment routes can now go east and west Russia’s leading position in the exploration and development of the Arctic’s huge gas deposits will enable it to dramatically increase its liquefied natural gas (LNG) output, confirming Russia’s status as an oil and gas superpower. Russia’s ambitious exploration and development program in the Arctic is a key part of Russia’s plan to become the key gas supplier to China in the future. With Russia’s presence in the Arctic gas sector secured, it is now shifting its focus to development of the oil sector. Oilprice.com reports that …

Jun 13 2020

Rice cultivation experiment in Syria to reduce importation

Tartous, SANA_ Local production of Rice, which is one of the most consumed foods by Syrians, would reduce importing it and, therefore, save foreign currency and contribute to supporting the national economy. The Agricultural Scientific Research Center in the coastal province of Tartous announced the success of the rice cultivation experiment. The center indicated that the seeds will be produced and delivered next year to farmers for planting in the Akkar Plain. Rice cultivation experiments started in Syria since 2015 when 19 varieties were tested and four of them, that are appropriate to the climatic conditions and the nature of …

Jun 12 2020

Wheat harvest season in Homs… Abundant production, good signs and giving to farmers.

Related Articles Homs, SANA- The Wheat harvest season for farmers is village wedding and a bright future with abundant production of (yellow gold), which gained its color from the reflections of the sun’s rays on the orchards of wheat that carry with it the signs of good and giving. In front of the piles of wheat in the square of the village of al-Nagira in the southwestern countryside of Homs, the farmer Ahmad Zakaria describes the harvest season as festive month for farmers, he says in a statement to (SANA) The farmers celebrate this month the wheat harvest that we …

Jun 11 2020

Syrian farmers defy coercive measures, prove that Syria is able to achieve self-sufficiency

Damascus Countryside, SANA- Despite the spread of the novel coronavirus (Covid-19), peasants continue to work tirelessly, defying the economic war and the coercive measures imposed on Syria. The cold weather pushed the village farmers to start harvesting the rainfed barley crop amid a clear variation in the production and quality of the crop from one field to another, where the majority of peasants considered the season similar to the last season in terms of the production. According to Head of Farmers Union of Damascus and its Countryside, Mohamed Khallouf, the areas planted with barley in the current season reached up …

Jun 8 2020

Venezuela: Fuel Supplies Restored And Production Resumes With Assistance From Iran and China

Donate The first of five Iranian tankers to break the US blockade last month is escorted to port by the Venezuelan navy. Fuel supplies have been restored at Venezuela’s gas stations as a new fuel distribution and pricing regime came into effect last week. Government officials hope the policy will stabilise the market and end shortages, while reducing the burden of public subsidies on sanctioned state-run oil firm PDVSA. Successive Venezuelan governments have maintained a long-standing policy of heavily subsidising fuel since a price hike and sweeping austerity package sparked a popular uprising in 1989, known as the Caracazo. Prices were, …

Jun 8 2020

Oil Price Recovery Set To Continue After OPEC + Ministers Extend Production Cuts

Donate Click to see the full-size image On Sunday the Saudis reversed their price-cutting strategy which commenced in March, when they announced the biggest increases in the price for its crude exports in at least two decades. The announcement further boosted the rally in oil prices a day after OPEC+ producers extended historic output cuts. With China’s demand for crude once again rising, the Saudis are taking full advantage of the opportunity to raise prices. Overall, Aramco raised July pricing for all grades to Asia by between $5.60 and $7.30 a barrel, well above the expected increase of about $4 a barrel. …

Jun 8 2020

US Congress Prepares Extra Sanctions In Effort To Kill Off Nord Stream 2

Donate Gas pipelines from Russia to Europe The US has stepped up its effort to kill off the Nord Stream 2 natural gas pipeline, with the announcement of a bill presented to the Congress that would expand sanctions against companies participating in the project. The latest US machinations pose a great challenge for the EU as a whole as well as for individual member States, which must decide whether to comply with the latest US dictates – and thereby lock themselves into dependency on much more expensive and distant gas suppliers for many years – or to defy the US …

Jun 4 2020

US Imposes More Sanctions Against Venezuela, This Time Punishing Maritime Shipping Companies

Donate Solidarity endures and flourishes despite US threats The United States extended its unilateral sanctions regime on Venezuela’s oil industry on Tuesday, focusing this time on maritime companies who have been assisting the Latin American country in getting its crude oil to market, the U.S. Department of the Treasury said on Tuesday. “The illegitimate Maduro regime has enlisted the help of maritime companies and their vessels to continue the exploitation of Venezuela’s natural resources for the regime’s profit,” Treasury Secretary Steven Mnuchin said, adding that the US will continue to target anyone to supports Maduro’s regime and contributes “to the suffering of …

Jun 4 2020

OPEC+ Prepares To Meet To Discuss Production Levels But Disagreements Remain

Donate IMAGE: Reuters The oil war between major oil producers that commended in March of this year when Saudi Arabia began offering unprecedented discounts and flooding the market in an attempt to capture a larger share of the market from other oil producers caused the biggest oil price fall for over 20 years. It all began on March 8 when Riyadh cut its April pricing for crude sales to Asia by $4-$6 a barrel and to the U.S. by $7 a barrel. The Kingdom expanded the discount for its flagship Arab Light crude to refiners in northwest Europe by $8 …

Jun 3 2020

Harvesting 341 thousand hectares cultivated with wheat and barley in Hasaka

Hasaka, SANA- The areas cultivated with wheat and barley crops harvested by farmers in Hasaka Province to date have reached 341 thousand hectares distributed among different areas of agricultural stability. Director of the Agrarian Production Department at the Agricultural Directorate, Eng. Jalal Bilal, told SANA reporter that harvesting the crops is accelerating and increasing continuously to include the various agricultural areas in the province as the harvested areas have been distributed over 275,500 hectares of irrigated and rainfed barley, and 65,500 hectares of irrigated and rainfed wheat. Engineer Bilal pointed out that the percentage of barley harvested from the public …

May 27 2020

Syrian Grain Foundation finishes preparations for marketing wheat crops

Damascus, SANA- The Syrian Grain Foundation is working to support the stability of bread production by implementing previously concluded wheat import contracts and announcing new import contracts that secure the need of mills, in addition to making all necessary preparations to market the entire wheat production for the current season. Engineer Youssef Qassem, Director General of the Foundation, stated that all the measures that have been taken to facilitate the receipt of the entire wheat crop production from the farmers have been taken. Qassem noted that specialized committees have started their field visits at the wheat receiving centers to overcome …

May 25 2020

World’s First Floating Nuclear Power Plant Enters Full Production In Russia’s Far East

Donate Click to see the full-size image Officials of Russia’s State Atomic Energy Corporation, Rosatom, announced on 22 May that the Akademik Lomonosov floating nuclear power plant (FNPP), the world’s first, has entered into full production phase. The Akademik Lomonosov FNPP reached the port city of Pevek in Russia’s Chukotka Autonomous Region (in the Far East of the country) on 14 September last year after covering a distance of more than 4,700km from Murmansk. The FNPP started providing electricity to the isolated grid of the Chaun-Bilibino energy center of Chukotka on 19 December 2019. The US POWER magazine identified this …

May 21 2020

Cotton cultivated areas for current season in Hasaka province exceed last season

Hasaka, SANA- The cultivated areas with cotton crop in Hasaka province for the current season reached 3,550 hectares since the beginning of the current month up till now. Head of the plant production department in Hasaka agriculture directorate Jalal Bilal told SANA in a statement that the cultivation of cotton in the province is about to be completed, noting that the cultivated areas exceeded the areas that were planted in the last season which reached 3,100 hectares. Bilal added that Hasakah production of cotton crops during the last season reached about 18,000 tons. Hala Zain FORUM

May 17 2020

California Denies SpaceX Subsidy Request – Is Musk’s Government Gravy Train Coming To An End?

Donate Originally appeared at ZeroHedge California is taking a swipe back at Elon Musk. A state panel voted on Friday to reject Musk’s request for $655,000 in job and training funds for SpaceX, citing the CEO’s recent bizarre behavior and threats to move Tesla out of state.  We have been documenting Musk’s threats to move out of California and the CEO’s supposed plans to take his operation to Texas or Nevada instead. Five members of the panel voted against the proposal and two voted for it. The California’s Employment Training Panel openly discussed the CEOs Tweets and media reports about layoffs …

May 17 2020

Rehabilitation of main irrigation canal begins in Homs northern countryside

Homs, SANA- The Directorate of Water Resources in Homs has started the rehabilitation of the main irrigation canal in the northern countryside, at a cost of SYP 334 million. Engineer Ismail Ismail, Head of Water Resources Directorate in Homs, said in a statement to SANA that the Directorate has started rehabilitating the main channel in the northern countryside of the province according to the contract signed with the General Company for Water Projects at a cost of SYP 334 million and with an execution rate of six months. Ismail indicated that the rehabilitation of the secondary sub-channels of the main …

May 14 2020

Profits of General Company for Cable Industry reach up to SYP 1.4 billion over first four months of 2020   

Related Articles Damascus, SANA- The profits of the General Company for Cable Industry in Damascus during the first four months of this year amounted to SYP 1,443 billion with the continuation of the production process within the permissible limits in implementation of the precautionary measures taken by the government to address the Coronavirus. The production and marketing report of the company showed that the company produced from the beginning of the year until the end of the month of April 1,575 tons of various types of cables at a value of SYP 6,634 billion, with an implementation rate of 98 …

May 12 2020

CBS allows Syrians abroad to pay for return ticket in SP

Damascus, SANA_ The Central Bank of Syria (CBS) has decided to allow the Syrian citizens abroad who are coming to Syria on board of the Syrian Airlines and holding the SOTO ticket (Sold Outside) to pay the value of their ticket in Syrian pounds. The value of the ticket is paid in Syrian Pounds according to the official exchange rate, the CBS stressed. The CBS’s new decision comes within the framework of the government’s measures to confront the negative impacts of coronavirus pandemic and to facilitate the return of the Syrians stranded abroad because of Coronavirus crisis. Gh.A.Hassoun FORUM

May 4 2020

About 3,539 hectares cultivated with medical and aromatic plants in Homs

Homs, SANA_ Percentage of the implementation of the medical and aromatic cultivation plan in Homs recorded high figures, as the entire plan was implemented through the cultivation of coriander, anise and fennel crops in addition to cumin. There is a great demand for cultivating medicinal and aromatic plants, notably in Homs Governorate, for several reasons, the most important of which is that these herbs demand less water and can rely only on rain water, as well as its profitable returns and the duration of its agricultural cycle is short and can be integrated with other crops, such as legumes.” Deputy …

May 4 2020

There Is Now A Record 375 Million Barrels Of Oil Stored On Tankers

Donate Originally appeared at ZeroHedge Last weekend we showed that as oil storage on land was rapidly filling up, a familiar sight was seen off the coast of Asia’s oil hub in Singapore: a record surge in tankers on anchor used as seaborne storage, and taking advantage of the supercontango just waiting for oil prices to rebound so they can deliver their (formerly) precious cargo. So as more and more storage moves offshore, here is an update from Bank of America on the current status of the oil market as the “oil glut moves from tanks to tankers.” In the …

May 1 2020

Geo-Economic Battle for Russia

Donate REUTERS/Hyungwon Kang As the world struggles to achieve any semblance of normality amid the developing economic and coronavirus (COVID-19) cries, China is playing towards increasing its influence throughout Eurasia. In the first quarter of 2020, China bought a record high number of Russian oil (Urals) – 4 million tones. As a comparison, in the fourth quarter of 2019, China received only 2.5 million tones. The previous record of the supplies of Russian oil to China was registered in the third quarter of 2018 – 2.7 million tones. Therefore, China expanded its import of Russian crude by 1.6 times. This …

Apr 27 2020

“We Are Moving Into The End-Game”: 27 Tankers Anchored Off California, Hundreds Off Singapore As Oil Industry Shuts Down

Donate Originally appeared at ZeroHedge Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a torrent of crude oil on the world despite the protests of its fellow cartel members, oil prices crashed as a result of what then seemed to be a “calculated” move by Riyadh which hoped to put US shale out of business amid a flawed gamble betting that shale breakeven prices were around $60-80. They, however, turned out to be much lower, which coupled with Saudi misreading of the willingness of junk bond investors to keep …

Apr 26 2020

Pandemic Exposes Liberalism’s Free Market, Open Borders Road to National Suicide

Donate ILLUSTRATIVE IMAGE Written by Martin Sieff; Originally appeared at strategic-culture.org Open Borders and Free Trade induce national suicide slowly and gradually, without the victims waking up to what is going on until it is too late. But the coronavirus has brought home with global clarity that human societies need governments and regulated borders for their own survival. The bottom line is clear, societies that have had open borders to previous major centers of infection and transmission, like Iran and Italy which kept open strong flows of people to and from China in the early stages of pandemic, suffered exceptionally …

Apr 26 2020

Central province of Homs produces more than 60,000 tons of almond

Homs, SANA_ The almond production of Homs central province estimated at more than 60,000 tons for this year, most of which are in the eastern countryside. Deputy Director of Homs Agricultural Directorate Tarif Mansour told SANA that the total cultivated area is approximately 61,000 hectares and the number of trees amounts to one million. “We expect production of more than 60,000 tons and Homs remains in first rank at the level of Syria in terms of cultivated areas and amount of production.” He said. The almond tree is one of the economic trees and an important source of livelihood for …

Apr 25 2020

Global Economic Collapse Reveals the Complete Failure of Neo-Liberal Capitalism

Donate ILLUSTRATIVE IMAGE Written by Dr. Leon Tressell exclusively for SouthFront Fitch Ratings, ‘Unparalleled Global Recession Underway’ Economist Sven Heinrich, ‘Central banks are weapons of economic mass destruction.’ As each day passes by data pours in revealing the immense economic damage caused by the Coronavirus pandemic. Most politicians and economic pundits will put the blame for up the economic hurricane, blasting tens of millions into unemployment, on Coronavirus lock downs. Fitch Ratings has given a brief snapshot of the unfolding economic catastrophe which it predicts will last well into the 2020s: “World GDP is now expected to fall by 3.9% in 2020, …

Apr 24 2020

36 industrial and artisanal facilities enter production phase in Daraa

36 industrial and artisanal facilities enter production phase in Daraa Daraa, SANA _ Some 36 artisanal and industrial facilities with an engineering, food and chemical nature have entered the labor market in Daraa province with a capital of about SYP1.5 billion. These facilities provided 109 job opportunities compared to 99 ones provided by 27 facilities in the same period last year with a capital of SYP 768 million. Director of Daraa Industry Directorate Abdul Waheed Al-Awad, told SANA that the Directorate is following up the situation of these facilities regarding providing the work requirements, continuity of production and taking precautionary …

Apr 23 2020

Video: COVID-19: Closing Down the Economy Is Not the Solution

Donate Written by Prof Michel Chossudovsky; Originally appeared at Global Research Millions of people have lost their jobs, and their lifelong savings. In developing countries, poverty and despair prevail. While the lockdown is presented to public opinion as the sole means to resolving a global public health crisis, its devastating economic and social impacts are casually ignored. The unspoken truth is that the novel coronavirus provides a pretext to powerful financial interests and corrupt politicians to precipitate the entire World into a spiral of mass unemployment, bankruptcy and extreme poverty. This is the true picture of what is happening. How …

Apr 23 2020

More than 95 percent of agricultural plan in al-Ghab area implemented

Hama, SANA- More than 95 percent of the agricultural plan has been carried out in the al-Ghab area in Hama province as al-Ghab area is considered as Syria’s food basket for its significant role in the production of various kinds of agricultural crops, particularly the strategic ones. Director of the General Commission for Management and Development of Al-Ghab (GCMD) Aufee Wasouf told SANA in a statement that the GCMD exerts all efforts to guarantee the implementation of the scheduled agricultural plan, as well as increasing production and improving its quality through providing all production services and applying modern technologies to …

Apr 22 2020

Brent Oil Drops to 21-Year Low Amid Global Economic Crisis

Donate Click to see the full-size image At some moment this week, Brent crude oil fell just below $16 per barrel, a level not seen in 21 years. The Brent fall came as WTI crude dropped below zero a few days ago. Brent plummeted to as low as $15.98 per barrel on April 22, dipping by more than 24%. The benchmark has not plumbed such depths since 1999. On April 21, the US benchmark, West Texas Intermediate (WTI) crude, was at ~$10 per barrel after briefly trading at an unprecedented -$37.63. In recent months, the global oil market suffered major …