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How to succeed at FOREX

FOREX world divided into two sectors that is the winners and losers who are many. In this article I will submit my my own experience in FOREX which lasted two years, it was a strategy suits me honestly ,I don’t know if somebody else published it before me.
The strategy in FOREX is to open a contract daily, it should be on currencies Euro against Dollar, I repeat it Euro against Dollar.
The whole process is not too complicated ,the contract will be opened based on Euro if it is up or down in the previous days ,which means if the indicator is down you should sell, but if the indicator is up you should buy.
It is simple process, the strategy based on important thing which means you should put stop lose valued 25 points and stop win 50 points.
This process should be done daily in every contract you make.
Important notes  
If you want to succeed open daily contrac  ,just one, in a certain time every day as it is favorable when the financial market is open. when you open a contract ,you should did the previous steps and switch off your computer, don’t open it till the second contract you intend to open.

Plus don’t be greedy just win a little better than lose much.

10:55 AM | 0 comments | التعليقات

Forex

through the basics of forex pricing and placing your first forex trades.
‘Forex’ is short for foreign exchange, also known as FX or the currency market. It is the world’s largest form of exchange, trading around $4 trillion every day, and it is open to major institutions and individual investors alike.

Forex explained

The aim of forex trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit.
Some confusion can arise as the price of one currency is always, of course, determined in another currency. For instance, the price of one British pound could be measured as, say, two US dollars, if the exchange rate between GBP and USD is 2 exactly.
In forex trading terms this value for the British pound would be represented as a price of 2.0000 for the forex pair GBP/USD. Currencies are grouped into pairs to show the exchange rate between the two currencies; in other words, the price of the first currency in the second currency.
Some commonly traded forex pairs (known as ‘major’ pairs) are EUR/USD, USD/JPY and EUR/GBP, but it is also possible to trade many minor currencies (also known as ‘exotics’) such as the Mexican peso (MXN), the Polish zloty (PLN) or the Norwegian krone (NOK). As these currencies are not so frequently traded the market is less liquid and so the trading spread may be wider.

Forex trading spread

Like any other trading price, the spread for a forex pair consists of a bid price at which you can sell (the lower end of the spread) and an offer price at which you can buy (the higher end of the spread). It is important to note, however, for each forex pair, which way round you are trading.
When buying, the spread always reflects the price for buying the first currency of the forex pair with the second. So an offer price of 1.3000 for EUR/USD means that it will cost you $1.30 to buy €1. You would buy if you think that the price of the euro against the dollar is going to rise, that is, if you think you will later be able to sell your €1 for more than $1.30.
When selling, the spread gives you the price for selling the first currency for the second. So a bid price of 1.3000 for EUR/USD means that you can sell €1 for $1.30. You would sell if you think that the price of the euro is going to fall against the dollar, so you can buy back your €1 for less than the $1.30 you originally paid for it.

Calculating your profit

Take another example. Suppose the spread for EUR/GBP is 0.8414-0.8415. If you think the price of the euro is going to rise against the pound you would buy euros at the offer price of 0.8415 per euro. Say in this case you buy €10,000 at a cost to you of £8415.
The spread for EUR/GBP rises to 0.8532-0.8533 and you decide to sell your euros back into pounds at the bid price of 0.8532. The €10,000 you previously bought is now therefore sold for £8532. Your profit on this transaction is £8532 minus the original cost of buying the euros (£8415) which is £117. Note that your profit is always determined in the second currency of the forex pair.
Alternatively, suppose in the first instance you think the price of the euro is going to fall, and you decide to sell €10,000 at the original bid price of 0.8414, for £8414.
In this case you are right and the spread for EUR/GBP falls to 0.8312-0.8313. You decide to buy back your €10,000 at the offer price of 0.8313, a cost of £8313. The cost of buying back the euros is £111 less than you originally sold the euros for, so this is your profit on the transaction. Again your profit is determined in the second currency of the forex pair.

Spread betting or CFD trading

InterTrader.com provides two different vehicles for trading forex: spread betting and CFDs. Both of these products allow you to speculate on the movements of currency markets without making a physical trade, but they operate in slightly different ways.
With spread betting you stake a certain amount (in your account currency) per pip movement in the price of the forex pair. So for instance you might buy (or sell) £10 per pip on USD/JPY, to make £10 for every pip the US dollar rises (or falls) against the Japanese yen. Forex traders have been using spread betting to capitalise on short-term movements for many years now. Find out more about spread betting.
With CFDs you buy or sell contracts representing a given size of trade. So you might decide to buy 1 contract of GBP/USD, which (with InterTrader.com) represents a trade of £10,000. Your profit or loss is calculated in the second currency, in this case US dollars, and then converted (if necessary) into your account currency. Find out more about CFDs.
Either way you don’t have to provide the full currency value to open your position. Instead you put down a margin deposit, which is a fraction of the full value. And you don’t actually buy or sell any currency: you are opening a speculative position on the change in value of the forex pair. Your profit or loss is realised when you close your position by selling or buyi
1:59 PM | 0 comments | التعليقات

Forex for Beginners

Forex explained

The aim of forex trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit.
Some confusion can arise as the price of one currency is always, of course, determined in another currency. For instance, the price of one British pound could be measured as, say, two US dollars, if the exchange rate between GBP and USD is 2 exactly.
In forex trading terms this value for the British pound would be represented as a price of 2.0000 for the forex pair GBP/USD. Currencies are grouped into pairs to show the exchange rate between the two currencies; in other words, the price of the first currency in the second currency.
Some commonly traded forex pairs (known as ‘major’ pairs) are EUR/USD, USD/JPY and EUR/GBP, but it is also possible to trade many minor currencies (also known as ‘exotics’) such as the Mexican peso (MXN), the Polish zloty (PLN) or the Norwegian krone (NOK). As these currencies are not so frequently traded the market is less liquid and so the trading spread may be wider.

Forex trading spread

Like any other trading price, the spread for a forex pair consists of a bid price at which you can sell (the lower end of the spread) and an offer price at which you can buy (the higher end of the spread). It is important to note, however, for each forex pair, which way round you are trading.
When buying, the spread always reflects the price for buying the first currency of the forex pair with the second. So an offer price of 1.3000 for EUR/USD means that it will cost you $1.30 to buy €1. You would buy if you think that the price of the euro against the dollar is going to rise, that is, if you think you will later be able to sell your €1 for more than $1.30.
When selling, the spread gives you the price for selling the first currency for the second. So a bid price of 1.3000 for EUR/USD means that you can sell €1 for $1.30. You would sell if you think that the price of the euro is going to fall against the dollar, so you can buy back your €1 for less than the $1.30 you originally paid for it.

Calculating your profit

Take another example. Suppose the spread for EUR/GBP is 0.8414-0.8415. If you think the price of the euro is going to rise against the pound you would buy euros at the offer price of 0.8415 per euro. Say in this case you buy €10,000 at a cost to you of £8415.
The spread for EUR/GBP rises to 0.8532-0.8533 and you decide to sell your euros back into pounds at the bid price of 0.8532. The €10,000 you previously bought is now therefore sold for £8532. Your profit on this transaction is £8532 minus the original cost of buying the euros (£8415) which is £117. Note that your profit is always determined in the second currency of the forex pair.
Alternatively, suppose in the first instance you think the price of the euro is going to fall, and you decide to sell €10,000 at the original bid price of 0.8414, for £8414.
In this case you are right and the spread for EUR/GBP falls to 0.8312-0.8313. You decide to buy back your €10,000 at the offer price of 0.8313, a cost of £8313. The cost of buying back the euros is £111 less than you originally sold the euros for, so this is your profit on the transaction. Again your profit is determined in the second currency of the forex pair.

Spread betting or CFD trading

InterTrader.com provides two different vehicles for trading forex: spread betting and CFDs. Both of these products allow you to speculate on the movements of currency markets without making a physical trade, but they operate in slightly different ways.
With spread betting you stake a certain amount (in your account currency) per pip movement in the price of the forex pair. So for instance you might buy (or sell) £10 per pip on USD/JPY, to make £10 for every pip the US dollar rises (or falls) against the Japanese yen. Forex traders have been using spread betting to capitalise on short-term movements for many years now. Find out more about spread betting.
With CFDs you buy or sell contracts representing a given size of trade. So you might decide to buy 1 contract of GBP/USD, which (with InterTrader.com) represents a trade of £10,000. Your profit or loss is calculated in the second currency, in this case US dollars, and then converted (if necessary) into your account currency. Find out more about CFDs.
Either way you don’t have to provide the full currency value to open your position. Instead you put down a margin deposit, which is a fraction of the full value. And you don’t actually buy or sell any currency: you are opening a speculative position on the change in value of the forex pair. Your profit or loss is realised when you close your position by selling or buyin
3:40 AM | 0 comments | التعليقات

‘Jordan mulls building $140m facility to produce yellowcake’

Jordan will start studies related to the water, power and infrastructure needs of a $140 million facility for production of yellowcake in 2016, according to Samer Kahook, general manager of the state-owned Jordan Uranium Mining Company.
The study will help identify all needs of the facility, which will be located in the central region, including logistics, he said in a recent interview with The Jordan Times.
The factory, Kahook said, will help ensure security of supply not only for Jordan but for countries in the region that are already planning and are in the process of building nuclear reactors.
“By 2020, when the facility is operational, Jordan will be one of the countries that produce yellowcake commercially.”
The mega-plant, which will be designed by Jordanian manpower, will produce about 300-400 metric tonnes of yellowcake annually in its initial phase and its capacity can be later expanded to 1,500 tonnes a year, said Kahook.
The central area of Jordan, about 80 kilometres south of Amman, is home to 36,389 metric tonnes of uranium oxide that is easily mined and can be extracted cost effectively.
This volume, which is likely to be increased as exploration is ongoing, is enough to provide nuclear fuel for Jordan’s two planned reactors with a 1,000 megawatt capacity each for 130 years.
“Egypt is planning to build nuclear reactors. Many Gulf countries such as the UAE and Saudi Arabia also have plans in this regard. Turkey is also working on building nuclear reactors. This factory can ensure supply to these states,” Kahook said.
There currently are about 400 operational nuclear reactors across the world and by 2020, more than 70 additional nuclear reactors will start operations, which will boost demand for yellowcake.
The Kingdom, which imports 97 per cent of its annual energy needs, is planning to build a nuclear power plant with two reactors with a capacity of 1,000 megawatts each. The reactors are expected to be ready by 2022 and are expected to cost around $10 billion.

Russia is a strategic partner and a preferred bidder in the nuclear reactor project.
2:59 PM | 0 comments | التعليقات

Abu Qura named National Petroleum Company chairman

The committee of government representation in companies on Wednesday decided to appoint Qutaiba Abu Qura as chairman of the National Petroleum Company, succeeding Abdul Razaq Nsour.
The committee also appointed Abdul Rahman Qteishat as director general of the company, the Jordan News Agency, Petra, reported. Abu Qura was the company’s director general between 2009 and 2011, after which he served as minister of energy and mineral resources in Awn Khasawneh’s Cabinet.
2:58 PM | 0 comments | التعليقات

The signing of electricity generation license from solar cells

Chief Commissioner of the Energy Regulatory Commission (TRC) and the Minerals Council engineer Farouk Hiyari said that renewable energy has become a strategic choice for the Kingdom, is seen as productive sector and not for  small pets, the national economy flows into and opens the door to more job opportunities.
Hiari added after he signed at the headquarters of the Authority yesterday electricity generation license granted by the solar cell of Al Badia capacity of (10 MW), that is the first license in accordance which the company will sell the electricity to the Al-Bdia Irbid District Electricity Company.
He pointed out that the total possible obstetric granted by the Authority as of (50 MW) by solar cells and (117 MW) by wind power.
He said the authority is working to enhance the contribution of renewable energy in the total energy mix commitment to the national strategy for the energy sector which provided for raising the percentage contribution of renewable energy in the energy mix by (10%) in 2020.
Regarding solar energy in Jordan, Hiyari said  that it is an important source of energy, especially in the eastern and southern regions of the Kingdom, where more than 300 days in the year, which enhances the capabilities of the Kingdom in the production of this important energy source.
The license granted to the company Badia, Hiari stated  that 20 years comes to complement the efforts of the organizing energy and minerals sector Commission in promoting the use of renewable energy sources in the Kingdom of systems based on the provisions of the General Electricity Law No. (64) for the year 2002 and the Law on renewable energy and energy conservation No. (33) for the year 2014.
From his part, Abdul Rahman Shehadeh, CEO of Philadelphia Energy, owner of Al Badia praised the  role in the Commission  to facilitate the task of investors, adding that the project is among the first private sector company that sells electricity to the private sector (electricity company Irbid Governorate).

He stressed on the importance of the project and said it would be a reference for future similar agreements and the first case, a local company designed, manufactured and implemented and funded a project of this kind.
2:58 PM | 0 comments | التعليقات

‘Gov’t to spend JD115.286m on Aqaba development projects’

Public expenditure on the Aqaba Governorate development programme between 2016 and 2018 is expected to stand at around JD115.286 million, Planning and International Cooperation Minister Imad Fakhoury said Thursday.
At a meeting with lawmakers, officials and local community representatives in the governorate, some 330km south of Amman, Fakhoury said the estimated cost of development projects for 2016 is JD42.624 million, while it stands at JD33.739 million for 2017, and JD38.923 million for 2018, according to a ministry statement.
As for local community priority projects, the minister said a total of JD112.976 million was allocated to that end over the next three years: JD42.097 for 2016, JD38.061 for 2017 and JD32.818 for 2018, according to the statement.
The Aqaba development programme represents a strategic document and tool that entails studying and analysing the current situation of the port city, he said, adding that the programme identifies problems and challenges facing the governorate, especially for the Qweira, Wadi Araba and Diseh districts which are beyond the jurisdiction of the Aqaba Special Economic Zone Authority.
Fakhoury also highlighted the government’s commitment to adopting the outcomes of the 2016-18 Aqaba Governorate development programme.
To benefit from investment opportunities in Aqaba, according to the investment map for the southern governorates, the minister said the government will cooperate with funds and microfinance institutions to direct their funding towards these investments, the statement added.
With Aqaba among the southern governorates affected by the Syrian refugee influx, Fakhoury said around $319,000 in funds have been approved in the Jordan Response Plan for projects in the governorate, which has a population of 145,500 according to the Department of Statistics’ 2014 estimates.

He stressed that the government will request more international support in this regard, noting that this amount is not enough to address the effect of the refugee crisis on Jordan.
2:57 PM | 0 comments | التعليقات

The signing of electricity generation license from solar cells

Chief Commissioner of the Energy Regulatory Commission (TRC) and the Minerals Council engineer Farouk Hiyari said that renewable energy has become a strategic choice for the Kingdom, is seen as productive sector and not for  small pets, the national economy flows into and opens the door to more job opportunities.
Hiari added after he signed at the headquarters of the Authority yesterday electricity generation license granted by the solar cell of Al Badia capacity of (10 MW), that is the first license in accordance which the company will sell the electricity to the Al-Bdia Irbid District Electricity Company.
He pointed out that the total possible obstetric granted by the Authority as of (50 MW) by solar cells and (117 MW) by wind power.
He said the authority is working to enhance the contribution of renewable energy in the total energy mix commitment to the national strategy for the energy sector which provided for raising the percentage contribution of renewable energy in the energy mix by (10%) in 2020.
Regarding solar energy in Jordan, Hiyari said  that it is an important source of energy, especially in the eastern and southern regions of the Kingdom, where more than 300 days in the year, which enhances the capabilities of the Kingdom in the production of this important energy source.
The license granted to the company Badia, Hiari stated  that 20 years comes to complement the efforts of the organizing energy and minerals sector Commission in promoting the use of renewable energy sources in the Kingdom of systems based on the provisions of the General Electricity Law No. (64) for the year 2002 and the Law on renewable energy and energy conservation No. (33) for the year 2014.
From his part, Abdul Rahman Shehadeh, CEO of Philadelphia Energy, owner of Al Badia praised the  role in the Commission  to facilitate the task of investors, adding that the project is among the first private sector company that sells electricity to the private sector (electricity company Irbid Governorate).

He stressed on the importance of the project and said it would be a reference for future similar agreements and the first case, a local company designed, manufactured and implemented and funded a project of this kind.
2:56 PM | 0 comments | التعليقات

Jordan's phosphate, potash industries bank on India as key market for exports

AMMAN — Sales of raw phosphate and fertilisers are likely to reach eight million tonnes this year, according to   Jordan Phosphate Mines Company (JPMC) Chairman Amer Majali.
His forecast was accentuated on Sunday by the signing of an agreement to supply additional quantities of phosphate to two Indian manufacturers.
Majali noted that the exports highlight JPMC's strategic plan which aims at entering new markets and regaining those that the company left more than 10 years ago.
JPMC Chief Executive Officer Shafiq Ashqar valued the company's participation in the annual conference of Fertiliser Association of India (FAI) and described  it as an opportunity to know more about India’s policies in the coming years, communicate with prominent makers and importers of fertilisers, and enhance JPMC’s reputation in the Indian market
Nearly 1,300 delegates representing major companies in the industry, marketing and consumption of fertilisers in the Indian peninsula attended the FAI conference.
On the sidelines of the conference, JPMC discussed prices and standards of the company’s products, and its ability to provide India with raw phosphate and fertilisers according to the standards of Indian factories, Ashqar said.
As part of its marketing strategy in 2015, the company signed a contract to export an additional 850,000 tonnes of its products to India, whose annual imports of fertilisers represent 35 per cent of the international market share, Ashqar added.
The chief executive officer expects JPMC's exports to India to reach 3.5 million tonnes, and overall sales to local and international markets to hit eight million tonnes.
"Such a quantity could bring the company’s sales to their previous high levels," he said.
Ashqar described a contract signed to export 250,000 tonnes of phosphate to Serbia, as a validation of the company’s success to get back to Europe through Turkey and Serbia.
This contract would also enable JPMC to retrieve previous markets, especially in eastern Europe, Australia, New Zealand and South Korea, he said.
Ashqar said JPMC’s sales of fertilisers exceeded 600,000 tonnes in 2014, noting that the company is currently rehabilitating fertiliser factories in Aqaba to have them operate at full capacity.
At the same time, JPMC is taking measures to reduce mining costs with a view to enhancing the efficiency of producing raw phosphate and sharpening the competitiveness of the company in the international market.
Separately, the Arab Potash Company (APC) has recently opened an office in New Delhi to enhance its presence in the Indian market, increase its exports to the country and to overcome any marketing challenges the Jordanian potash could face in the Indian market.
APC Chairman Jamal Sarayrah described the Indian market as one of the biggest fertiliser markets in the world and one of the most important markets for APC.
He noted that India imports around 550,000 tonnes of the product annually, indicating that India imported around 20 per cent of the Jordanian potash in 2013.
Sarayrah said he held bilateral meetings with representatives of Indian companies on the sidelines of FAI conference, to increase the Jordanian potash share in the Indian market, in particular, and the international market in general.
New Delhi Office Director Rami Athamneh presented a briefing on the duties of the office which is tasked with following up on the implementation of APC’s annual contracts in the Indian market which reached $270 million in 2014, expecting their value to increase to $300 million in 2015.
2:56 PM | 0 comments | التعليقات

GAC handles first Floating Storage Regasification Unit at Aqaba

GAC Jordan Managing Director Ghassoub Kawar and Deputy General Manager, Ibrahim Attieh along with Lars Egeberg – Project Manager, Tor Jahren – Fleet Manager, Capt. Ivica Mirovic and other members of Golar Eskimo and GAC Jordan at the Aqaba port.

As Jordan steps up its LNG imports, GAC was entrusted with handling the first gas carriers to offload at Aqaba.
The country has signed a sales and purchase agreement with Shell for the delivery of nearly 17 million cubic meters per day of gas, equal to approximately 25% of the National Electric Power Company’s daily needs, signaling an increase in demand for shipping and logistics services to support incoming Liquefied Natural Gas (LNG) carriers.
GAC Jordan acted as agent for the ‘Golar Eskimo’ when it made its port call to offload 144,218 cubic meters of LNG from Qatar. As Golar’s agent and partner of choice in the country, GAC Jordan delivered a host of integrated services to the vessel including online connectivity and resupply, whilst also taking care of all the vessel’s manpower, equipment and marine assets needs.
GAC Jordan has handled ship-to-ship transfers of LNG from the ‘Castillo De Santisteban’, the first LNG carrier to call at Aqaba, and the ‘SCF Melampus’, to the ‘Golar Eskimo”. After loading, the LNG was regasified and pumped as natural gas to the NEPCO’s power stations.
The GAC team also worked around-the-clock to coordinate the placement of six pneumatic fenders to create a protective buffer alongside the FSRU, the first operation of its kind to be conducted in country. The task required careful co-ordination with a host of stakeholders and technical experts, and was overseen by GAC Jordan Managing Director Ghassoub Kawar and Deputy General Manager, Ibrahim Attieh.
“As the government of Jordan seeks additional supplies to meet energy demand, GAC Jordan is looking forward to handling more gas carriers at Aqaba,” says Kawar. “Having handled the first FSRU to call at the port’s new terminal, we are now ramping up to handle many more vessels in the near future; with about 4 LNG carriers expected each month.”



Source: GAC
2:21 PM | 0 comments | التعليقات

Consortium picked to build oil shale plant ‘might not secure financing



AMMAN — Stakeholders in Jordan's first shale oil-fuelled power plant are facing difficulties securing finance for the project and may seek an extension of the deadline for financial closure, according to a partner in the project.


They have until October 1 to secure finance for the $2.2 billion, 470 megawatt (MW) project, while they are facing difficulties at this stage with many entities refusing to finance the project, said Mohammad Maaitah, project partner of Attarat Power Company (APCO).


The company a wholly owned subsidiary of Enefit Jordan BV, owned by Enefit (Estonia’s Eesti Energia AS), Malaysia’s YTL Power International Berhad and Jordan’s Near East Investments Limited.


“It is unfortunate that many international and regional financing entities have not shown interest in financing this strategic and vital project for Jordan that will help it address one of its main major challenges posed by the bloating energy bill,” said Maaitah in a recent interview with The Jordan Times.


“Many agencies including the International Finance Corporation, the European Bank for Reconstruction and Development and the Islamic Development Bank, among others either, have rejected or showed no interest in financing the project, which is likely to create 3,000 direct jobs during the construction phase and 700 jobs for ongoing operations,” said Maaitah.


He added that the consortium of companies that owns the power plant may seek an extension for two more months to to be ready for the financial closure for the scheme.


“If we do not secure the needed funds before end of this November, we will not be able to secure it at all then,”the executive said.


“If we do not start construction on the project early 2016, we will not be able to complete the plant by the second half of 2018 as stipulated by a deal signed with Jordanian government in 2014,” he added.


The consortium, he said, is currently in talks with Chinese banks including Bank of China, the Industrial and Commercial Bank of China. “Let us hope we succeed in our endeavours before the year is over,” he added.


According to Maaitah, Estonia’s Eesti Energia AS, which has a 65 per cent stake in the project, is in talks with Chinese investors and Malaysia’s YTL Power International Berhad that already has a 35 per cent stake in the project, to sell part of its shares to them.


“The talks are very serious in this regard and have reached an advanced stage,” said Maaitah.


According to a deal signed with the government last year, the plant should be operational in the second half of 2018 and is expected to slash the country’s energy bill by $500 million annually as the electricity it will produce will be bought at half the current price.


The facility is expected to utilise Jordan’s vast reserves of oil shale estimated at more than 70 billion tonnes.

Jordan buys around 97 per cent of its energy needs.
2:18 PM | 0 comments | التعليقات

Italy’s Eni discovers largest natural gas field in Egypt

Descalzi was quoted by Eni as saying that the discovery reconfirms that “Egypt still has great potential” energy-wise.
Barclays analyst Tavy Rosner said the sell-off in Israeli energy shares seemed excessive, noting Leviathan’s main aim for Egypt was to supply BG International’s LNG facility there though a sub-sea pipeline, whereas much of the Egyptian gas – initially at least – would likely be for domestic consumption.
Italian oil company Eni stunned markets on Sunday after declaring the Mediterranean’s biggest-ever and the world’s 20th largest gas discovery off Egyptian waters, in the Zohr field holding an estimated 30 trillion cubic feet of gas.
It began imports of liquefied natural gas (LNG) in June.
2:17 PM | 0 comments | التعليقات

Experts call for increase of renewable sources in energy portfolio

As Turkey's green areas have been opened up for coal production facilities as part of the government's plan to increase the share of domestic coal in energy generation, experts argue that the energy policy should be revised to reflect the fact that the world's major countries are instead turning to renewable sources of energy.
Last year, Energy Minister Taner Yıldız said Turkey wanted 30 percent of its targeted energy production of 100 billion [megawatt hours] MWh per year in 2023 to come from domestic coal. “If it is considered that [the] present day share of coal is at 13 percent, then [domestic] coal's share in the overall production of energy will be doubled [by 2023],” he said.
Locals in the Yırca district of Manisa province, where there are 150 million tons of coal reserves, resisted the pro-government Kolin Holding's plan to construct a thermal power plant in the district last year. The 6th Chamber of the Council of State finally annulled the expropriation of the 388,000 square meters of olive groves by the company in April after protests by the villagers. However, the decision of the court only came after the company had already felled 6,000 olive trees.
Professor Tanay Sıtkı Uyar, president of Eurosolar Turkey, told Sunday's Zaman that countries are abandoning the production of fossil fuels, including coal, and urged Turkey to revise its energy policy by increasing the share of renewable energy sources in its total production of energy.
Noting that the major international financial institutions such as the World Bank and the US Exim Bank have ceased to provide loans for coal production, Uyar urged Turkey to focus on producing energy from wind and solar power as the country's topography and climate is highly favorable for producing energy from such renewable resources.
“Hillary Clinton has pledged that 500 million solar panels will be built in the US [if she gets elected president]. The US is preparing to derive energy from renewable resources in the coming decades,” added Uyar.
He also pointed out the importance of the introduction of measures to use energy efficiently and avoid waste as part of Turkey's energy policy by saying that the usage of LED lighting and other innovative methods in transportation, factories and households will help the country to use energy frugally.

‘Coal only an option if produced with modern techniques'

In an interview with Sunday's Zaman, Necdet Pamir, an academic at Bilkent Univeristy and head of the energy committee of the main opposition Republican People's Party (CHP), noted that 73.5 percent of Turkey's energy consumption is supplied by imports and said that energy production from coal would only be a viable option if modern and environment-friendly techniques are used.
Turkey spent a total of $54 billion on energy imports last year, which amounts to 25 percent of all the country's imports. Pamir claimed that Turkey has the potential to create almost 750 billion kilowatt hours of energy if it taps into unused indigenous energy sources such as coal, hydro, solar, wind, geothermal and biomass energy efficiently, which would be three times the electricity consumed last year. He believes Turkey should increase the percentage of its domestic resources in its currently high-import dependent mix.
He maintained that if the current private coal companies, which are poorly equipped in terms of environmental and safety standards as well as techincally inadequate, were to be modernized, then coal production would be a good option until the country shifts to much higher levels of renewable energy in its portfolio.
“Domestic coal production would reduce dependence on foreign countries and generate employment. Power plants based on clean coal technologies suitable for our own coal sources, such as those with fluidized-bed combustion, and equipped with appropriate air-filter systems and which will cause minimal damage to the environment should operate in the sector,” he said.
He lamented that the companies currently involved in coal production fail to meet standards in terms of dealing with hazards to the environment or ensuring workplace safety.
According to Pamir, mining licenses are too easily granted to private companies if they have ties with government officials, irrespective of whether they have the expertise or are well equipped to operate in the sector.
“Companies with expertise should operate in the mining sector. The previous reports of the Chamber of Mechanical Engineers [MMO] showed that mining companies use outdated technology,” said Pamir. “The owners of those firms used to operate in sectors [that are irrelevant to the mining sector] such as food production or textiles. They just enter the mining sector for profit despite lacking any expertise in the sector.”
2:15 PM | 0 comments | التعليقات

Paris – the romantic city





Paris is a city which has many things to offer – the Louvre, the 
Eiffel Tower, many fashion pieces and delicious food. It possesses a special romantic atmosphere that attracts all kinds of people from around the world – there are artists, businessmen and many more. If you want to learn how to say ,,I love you’’’ in all possible languages, you should visit the ,,Wall of Love’’. It is located in Montmartre and has confessions of love on more than 300 languages. If you are patient enough you would certainly find one in your mother language, which will be a very pleasant experience for you. Make sure to have breakfast in one of the local cafes. If you are bored of eating in the hotel, get up early and go to one of the many cafes to start a day with a tasty breakfast and a hot cup of French coffee. You can even try the very famous croissants to feel even more French. Find an intimate place in the most romantic park of the city. If you want to chill after a long day on the busy streets of France, you should go to the Buttes Chaumont park, which is situated in the northeastern part of Paris. This part is actually one of the most impressive and largest parks within the city. the city – one of the largest and most impressive parks of Paris. You can walk on the romantic bridges, enjoy the green hills and the scenery lakes and streams, watch the animals in the park and all in all have a wonderful time. There is a thing that is a classic when you are in Paris – getting lost. And no, that doesn’t mean literally getting lost but just going out without knowing where are you going. That is one of the most romantic things to do in the City of Love – Paris. Leave your map at the hotel room, leave even your phone there. You will eventually find a familiar place and return safely at the hotel. Grab a taxi, tell the driver to take you to some interesting place and just wait. You will discover things you haven’t seen before and you will feel free from everything. Another activity that would be very pleasant to be felt is going to a picnic. You can choose whether it is a lunch picnic of picnic in the evening – the decision is yours. The second one is, of course, more romantic so if you are in Paris with your loved one, this activity would be very fun for both of you. Grab a rug, a blanket or anything like that, grab a couple f croissants and go to the park to spend the rest of your day.f


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