G-15 News

Iran masters major oil drilling method

Admin 0 bisnis, budaya, film, galeri, Iran, militer, olahraga, pendidikan, politik, teknologi 19:50

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Iranian engineers have domestically carried out a major standard oil and natural gas excavation technique which was formerly employed only by Western countries.<br />
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Director of the National Iranian Drilling Company Heidar Bahmani announced on Thursday that oil well perforations via percussion drilling were successfully conducted at an oil well near Iran's western city of Dehloran.<br />
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The cited method has been exclusively practiced by North America and certain European countries up until now, IRIB quoted the official as saying.<br />
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The method applies focused pressure through special 'perforator guns' to penetrate layers of the ground in order to dig both modern 'deflected' and older horizontal wells.<br />
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Through this method, the heavy cost of oil well casing will be reduced and the excavation sites' safety will improve.<br />
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The casing of oil wells is a supplementary procedure in drilling operations which helps boost the well's half-life.</div>

Iran masters major oil drilling method

Iranian engineers have domestically carried out a major standard oil and natural gas excavation technique which was formerly employed onl...

The 14th summit of the Group of 15 developing countries

Admin 0 bisnis, budaya, film, galeri, Iran, militer, olahraga, pendidikan, politik, teknologi 19:11

The 14th summit of the Group of 15 developing countries

The 14th summit of the Group of 15 developing countries will take place on Monday in Tehran. Presidents of Brazil, Algeria and Senegal have...

The Purpose of The Group of 15 Summit

Admin 0 Algeria, Argentina, Brazil, Chile, Egypt, galeri, India, Indonesia, Iran, Jamaica, Kenya, Malaysia, Mexico, Nigeria, Peru, politik, Senegal, Sri Lanka, Venezuela, Zimbabwe 14:24

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The G15, a group of 17 developing countries from Asia, Africa and Latin America, was set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Seven rich industrialized nations.<br />
Current Composition<br />
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The G15 is comprised of Algeria, Argentina, Brazil, Chile, Egypt, India, Indonesia, Iran, Nigeria, Jamaica, Kenya, Nigeria, Malaysia, Mexico, Peru, Senegal, Sri Lanka, Venezuela and Zimbabwe<br />
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Latest News<br />
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MONTEGO BAY, Jamaica (Reuters) - Leaders from developing countries moved to an exclusive Jamaican country club Thursday to put the finishing touches on proposals to ease the world's financial crisis.<br />
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The one-day retreat, modeled on the closed-door leaders' meetings held at some other international events, will give heads of delegations to the Group of 15 summit the chance to talk without ministers or aides present.<br />
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Officials said they would debate a few proposed changes to a draft communique, including a suggestion from Malaysia's outspoken leader, Mahathir Mohamad, to ``emphasize the need for both the developed and the developing world to have a voice in the process of reforming the international financial system.''<br />
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Officials said the document also will include proposals to reform the International Monetary Fund, which many delegates have criticized for proposing inappropriate recipes to the troubled economies of Asia and Latin America.<br />
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``We want to look at the multilateral institutions,'' Nigerian Planning Minister Rasheed Gbadamosi told Reuters. ''Maybe there are not enough resources available to the IMF.''<br />
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The G15, a group of 17 developing countries from Asia, Africa and Latin America, was set up to foster cooperation and provide input for other international groups, such as the World Trade Organization and the Group of Seven rich industrialized nations.<br />
<br />
The G15 is comprised of Algeria, Argentina, Brazil, Chile, Egypt, India, Indonesia, Jamaica, Kenya, Nigeria, Malaysia, Mexico, Peru, Senegal, Sri Lanka, Venezuela and Zimbabwe.<br />
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Delegates admit the countries do not see eye to eye on all trade, development and finance issues, but they say the leaders want to step up cooperation and speak with a single voice at other international gatherings.<br />
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But all but one of the G15 Latin American heads of state stayed away from the Jamaica summit, some of them for the third or fourth successive time, and officials from the host country could barely hide their disappointment.<br />
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``Within the Asian and African representations, there is sometimes a feeling that within our region there is less than full, unqualified commitment,'' said Anthony Hill, the Jamaican prime minister's representative at the talks.<br />
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The G15 countries include both open economies such as Mexico and Argentina and those which, like Malaysia, are seeking to control capital flows.<br />
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Mahathir said Wednesday that the unbridled movement of money across borders had impoverished Asia's once-proud tiger economies and put their very independence at risk.<br />
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``The great Asian tigers are now no more,'' he said. ''Reduced to whimpering and begging, they are but a shadow of their former selves.''</div>

The Purpose of The Group of 15 Summit

The G15, a group of 17 developing countries from Asia, Africa and Latin America, was set up to foster cooperation and provide input for o...

Tehran to host G15 summit

Admin 0 Algeria, Argentina, Brazil, Chile, Egypt, galeri, India, Indonesia, Iran, Jamaica, Kenya, Malaysia, Mexico, Nigeria, Peru, politik, Senegal, Sri Lanka, Venezuela, Zimbabwe 14:20

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Iran's Foreign Ministry spokesman says an upcoming meeting of the Group of 15 (G15) will present a good opportunity for cooperation to member states.<br />
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Ramin Mehmanparast said the 14th Summit of the G15 will be held in Tehran on May 17.<br />
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"The summit, which will bring together representatives from important countries, will provide a great capacity for expansion of economic [ties] and political cooperation (among member states,)", the Fars news agency quoted Mehmanparast as saying on Monday.<br />
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He noted that Brazilian President Luiz Inacio Lula da Silva and Sri Lankan President Mahinda Rajapaksa are among the senior guests attending the summit.<br />
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The Group of 15 was established at the 9th Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, with a common goal of enhanced growth and prosperity in its member states.<br />
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The number of the G15 members has expanded to 18 countries from North America, South America, Asia and Africa, but the name has remained unchanged.</div>