Pakistan lines up Saudi-backed refinery as it eyes more Russian oil - The Odyssey News
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Pakistan lines up Saudi-backed refinery as it eyes more Russian oil

Ody Team



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A $10 billion Saudi-backed oil refinery project planned in Pakistan’s port city of Gwadar aims to capitalize on the troubled economy’s potential, and, sources say, lay a foundation for taking in more Russian crude.

Four Pakistani state-owned energy companies late last week signed a memorandum of understanding (MOU) with Saudi Aramco, which will inject the initial 30% equity into the project. Once built, the refinery will be able to process 300,000 barrels per day, according to details released by the government.

That alone would surpass the combined total of 215,000 barrels per day of petroleum products refined in Pakistan in 2020-2021, according to a report by the Oil and Gas Regulatory Authority.

The quartet of enterprises — Pakistan State Oil (PSO), Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Government Holdings Private Limited (GHPL) — also signed a memorandum with China National Offshore Oil Corp. for engineering, procurement and construction of the refinery. Gwadar has long been positioned as the heart of China’s Belt and Road projects in the country.

Pakistan is mired in political and economic crises, which forced it to go to the International Monetary Fund for a $3 billion standby bailout arrangement to avoid a default. For this reason, some experts Nikkei Asia interviewed expressed skepticism about the refinery project, questioning the need for the additional capacity in light of the economic woes. Security is also an ever-present concern, highlighted by a deadly suicide bombing in northwestern Khyber Pakhtunkhwa province on Sunday.

But some argue that the parties involved are playing a longer game. James Dorsey, a senior fellow at the S. Rajaratnam School of International Studies in Singapore, reasoned that although the economic situation in Pakistan is not ideal, the country, with a population of over 200 million, still has huge economic upside. “This refinery will take a few years to build and by that time economic growth is anticipated in Pakistan,” he said.

The refinery could handle Russian crude, which Pakistan has just begun importing. With Ukraine war sanctions limiting Russia’s export options and forcing discounts, a cash-strapped Islamabad turned to Moscow to bolster its energy supplies. Pakistan recently imported one shipment of Russian crude and is negotiating a second with a long-term oil transportation deal.

The secretive dealings have raised several questions: over Pakistan’s ability to process the Russian oil, as well as shipment costs, and how exactly the government can pay for the fuel in Chinese yuan. Nevertheless, a Pakistani government official privy to the developments told Nikkei on condition of anonymity that importing oil from Russia has been a success.

“Pakistan plans to increase its oil imports from Russia, which would result in a need for additional refinery capacity in Pakistan,” the official said. “The proposed refinery in Gwadar will possibly help refine increasing volumes of Russian crude.”

The Saudis, meanwhile, have been eyeing this project for some time. Crown Prince Mohammed bin Salman’s visit to Pakistan in February 2019 brought the first announcement that a $10 billion oil refinery would be built in Gwadar. After a four-year interval, Dorsey believes Riyadh is likely serious about the project now.

“Initially the Pakistanis tried to integrate the [Gwadar refinery] project in BRI but the Chinese refused it,” Dorsey said, saying the project can now move ahead outside the Belt and Road framework.

Pakistani Prime Minister Shehbaz Sharif, left, meets with Saudi Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, in April 2022.   © Saudi Royal Court via Reuters

The Saudi investors have been promised a 20-year tax holiday. Alex Vatanka, founding director of the Iran program at the Washington-based Middle East Institute, believes Aramco’s decision must have convincing commercial logic. “An investment on this scale has commercial merit,” he said. “The Saudis have the money, the economic vision, and Pakistan’s energy market is both huge and hungry.”

Experts also note that the deal comes in the context of Saudi-Iranian rapprochement, and that this could be a factor in the refinery, which is to be built just 90 kilometers from the Iranian border.

Luke Przybyszewski, president of the Abhaseed Foundation Fund, a Polish group of Middle East experts, said Pakistan could reap rewards from both sides of that detente. “Cheap energy from Iran and [foreign direct investment] from Saudi Arabia seems to be a good choice, perhaps currently acceptable to both Riyadh and Tehran,” he said.

But in Gwadar itself, some are doubtful they will see big benefits. Aslam Bhootani, a member of the National Assembly representing Gwadar, complained that the details of the project have not been discussed with him. “We often hear that MOUs are signed, but there is no development on the ground,” Bhootani said. “To date, Gwadar does not have an uninterrupted and guaranteed supply of power,” he added. “Unless this issue is resolved, no megaproject in the coastal town can be successful.”

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Elon Musk Bought Google? Unveiling the Truth Behind the Rumor

Ody Team



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In the world of technology and innovation, few names shine as brightly as Elon Musk’s. With his ventures ranging from electric vehicles to space exploration, Musk has become a household name synonymous with groundbreaking achievements. But wait, did he really buy Google? Let’s unravel this intriguing rumor with a sprinkle of humor and simplicity.

What company does Elon Musk own?

Elon Musk is a man of many hats, or should we say, helmets. He is best known for being the CEO and founder of SpaceX, Tesla, and Neuralink, and he also co-founded PayPal back in the day. So, he owns quite a few prominent companies, but Google isn’t one of them.

How many does Elon Musk own?

Well, it’s hard to keep track of Elon’s empire. He’s like a real-life Tony Stark, owning SpaceX, Tesla, Neuralink, The Boring Company, and probably a secret moon base too (just kidding). But Google? Nah!

What did Elon Musk originally own?

Elon’s entrepreneurial journey began with Zip2, a city guide software for newspapers. Then he sold PayPal to eBay, which was quite a payday. But he never owned Google. He’s not the guy you call for your web search problems.

Did Elon invest in DeepMind?

Yes, he did invest in DeepMind before Google bought it in 2014. But that’s not the same as owning Google, right? It’s like saying you own a pizza place because you once bought a slice.

What is Elon Musk’s IQ?

Elon Musk’s IQ is often rumored to be off the charts, but there’s no official record. He’s probably too busy sending rockets to Mars to take an IQ test.

Did Elon Musk start PayPal?

Elon co-founded, which later became PayPal. But PayPal is a separate entity from Google. Google has its wallet, but it’s not filled with Elon’s cash.

How many CEOs does Elon Musk have?

Musk likes to be in charge. He’s the big cheese at Tesla, SpaceX, and others. But, Google’s CEO is Sundar Pichai, not Elon.

How big is Elon Musk’s money?

Elon’s wealth is astronomical, literally and figuratively. He’s one of the richest people on Earth, thanks to his various ventures. But he didn’t buy the whole Googleplex.

Is Elon Musk an engineer?

Yes, he is! Elon Musk studied physics and economics but dropped out of a Ph.D. program to pursue his dreams. He’s a real-life Iron Man without the suit (or Google).

Who owns Tesla now?

Elon Musk still owns a substantial stake in Tesla and is the CEO. So, Tesla is in his capable hands, not Google’s.

Who runs Twitter now?

Jack Dorsey was running Twitter, but as of my last knowledge update in September 2021, he was still the CEO. Things may have changed since then, but Elon Musk wasn’t in the running for Twitter’s top spot.

What makes Elon Musk successful?

Elon’s secret sauce? A dash of innovation, a pinch of perseverance, a sprinkle of audacity, and a whole lot of hard work. But still, no Google ownership.

What is Elon Musk’s goal in life?

Elon wants to make life multi-planetary by establishing a human presence on Mars. He also aims to transition the world to sustainable energy with Tesla. He doesn’t have time for Google acquisitions.

Why Elon Musk is unique?

Elon’s uniqueness lies in his ability to turn science fiction into reality. He’s a risk-taker who isn’t afraid to tackle big problems, like colonizing other planets. Google is big, but not quite “colonize Mars” big.

What are 3 reasons Elon Musk is successful?

  1. Vision: Elon dreams big and takes bold steps to achieve his goals.
  2. Innovation: He’s a master of disruptive technologies, from electric cars to reusable rockets.
  3. Resilience: Elon faces setbacks head-on and keeps pushing forward.

Who owns Google?

Google is owned by Alphabet Inc., a parent company formed in 2015. Larry Page and Sergey Brin, the co-founders of Google, were instrumental in creating Alphabet. Elon Musk is not in the picture here.

Elon Musk Buys?

Elon Musk buys a lot of things, from companies to electric cars. But Google isn’t one of his recent purchases.

Did Elon Musk Buy Google and Facebook?

No, Elon Musk didn’t buy Google or Facebook. Those are separate entities with their own owners, like Mark Zuckerberg for Facebook.

Did Elon Musk Buy Mercedes?

Elon didn’t buy Mercedes-Benz, although Tesla has been a strong competitor in the electric vehicle market. Mercedes-Benz is a part of the Daimler Group.

Elon Musk Google News

Elon Musk making headlines on Google News? Perhaps for his latest SpaceX launch or a Tesla innovation, but not for buying Google itself.

Did Elon Musk Buy Amazon?

Nope, Amazon still belongs to Jeff Bezos, who’s more into e-commerce and space travel than Google.

Did Elon Musk Buy YouTube?

YouTube is part of Google. So, no, Elon didn’t buy YouTube, but he’s been known to make appearances on the platform.

How Much Is Google Worth?

Google, or rather its parent company Alphabet, is worth a colossal amount of money. Its market capitalization is in the trillions, but it’s not in Elon’s shopping cart.


FAQs (Frequently Asked Questions)

1. Did Elon Musk really buy Google?

  • No, Elon Musk did not buy Google. Google is owned by Alphabet Inc., and Elon Musk is not associated with the ownership of Google.

2. What companies does Elon Musk own?

  • Elon Musk owns and is actively involved in several companies, including SpaceX, Tesla, Neuralink, and The Boring Company, among others. However, Google is not one of them.

3. Did Elon Musk invest in DeepMind?

  • Yes, Elon Musk did invest in DeepMind before it was acquired by Google in 2014. However, this investment does not mean he owns Google.

4. Who owns Google now?

  • Google is owned by Alphabet Inc., a parent company formed in 2015. Alphabet Inc. was created by Google’s co-founders, Larry Page and Sergey Brin.

5. Did Elon Musk buy Facebook or any other major companies?

  • No, Elon Musk did not buy Facebook or any other major companies like Google. Facebook is owned by Meta Platforms, Inc., formerly known as Facebook, Inc.

6. How much is Google worth?

  • As of my last knowledge update in September 2021, Google’s parent company, Alphabet Inc., had a market capitalization in the trillions of dollars. However, for the most current valuation, it’s best to check financial news sources.



Elon Musk is undeniably a prominent figure in the tech and innovation world, with numerous successful ventures under his belt. However, the rumor that he bought Google is just that—a rumor. Google remains owned by Alphabet Inc., and Elon Musk’s involvement lies in his own array of pioneering companies. For accurate information about acquisitions and ownership, it’s essential to rely on credible news sources and official announcements.


Aslo Read : Home Library Organization: Where Chaos Meets Comedy

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How Bankruptcy in Orlando Can Save the Financial Future?

Madison Franz



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Bankruptcy has been considered a financial loss for decades in Orlando. The modifying bankruptcy laws made to high filing numbers further strengthened the concept of bankruptcy being bad. It can never be the perfect solution for a financial crisis but can help in solving certain monetary troubles. Bankruptcy is to press the restart button as it can protect your financial future. Want to know how? In the following ways:

1. Boost Your Credit Score 

Once you file for bankruptcy in Orlando, your credit takes a blow. However, your credit score can increase quickly over time. Bankruptcy quickly eliminates critical judgments from your credit report and simplifies challenging the remaining negative records. You can see significant credit score improvement in 3 years after filing for bankruptcy. 

2.  Get a Chance to Rebuild Credit

Rebuilding your terrible credit score takes time. Negotiating current debts to get them removed from the credit score and arranging money to pay delinquent accounts get difficult. Once you file for bankruptcy and it gets discharged, you get the chance to rebuild your credit score. You will get access to credit in the form of secured credit cards, store credit cards, and secured loans.

3. Avoid Wage Garnishments

Wage garnishment happens when creditors accompany you to court. The creditors get a judgment, which allows them to collect the money you owe directly from your paycheck. Such garnishments immediately constitute a huge portion of your salary, which puts people living paycheck-to-paycheck in crisis. Bankruptcy filing quickly pauses debt collection activities, like garnishments. 

4. Protect Your Vehicle

A vehicle is one of the most precious and essential assets of the working class people. Without driving a vehicle, you can’t reach your home or workplace on time if you stay or work in a location with limited transportation. Many Americans prioritize having their vehicles and thus, they are very serious about possessing them. If you haven’t made the car payments yet and are stressed about the lender repossessing your car, filing for bankruptcy gives you the required chances to get payments back.

The Takeaway

So, these are the ways bankruptcy in Orlando saves your financial future. Consult a bankruptcy attorney to learn how bankruptcy can help you. They can review your financial position to suggest which chapter to file or if you should file for bankruptcy. 

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Towards a Chinese missile crisis?




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We have all heard the story. In October 1962, the world nearly suffered a nuclear holocaust on account of the so-called “Cuban missile crisis”, when the villainous Soviet Union undertook to install weapons of mass destruction on the island of Cuba, just 150km (93 miles) off the coast of the United States.

Often lost in the narrative – even to this day – is that Soviet missile activity in the Caribbean transpired only after the US had installed nuclear-equipped Jupiter missiles in Turkey, which bordered the Soviet Union.

More than sixty years later, Cuba is still a thorn in the side of the US, in spite of the ongoing, asphyxiating US embargo – which dates from the same year as the missile crisis and constitutes a weapon of mass destruction in its own right.

The Soviet Union is long gone, but the annoyingly resilient island nation has now allegedly decided to play host to yet another existential menace: the People’s Republic of China.

On June 8, the right-wing Wall Street Journal breathlessly reported that Cuba would soon boast a “secret Chinese spy base” focusing on the US, with Beijing signing up to pay Havana billions of dollars for the “eavesdropping facility”. Then on June 20, the same newspaper sounded the alarm regarding a new joint Chinese-Cuban military training arrangement on the island, raising the “prospect of Chinese troops on America’s doorstep”.

And although the veracity of the reports has yet to be established, there is plenty of room for imperial hypocrisy in the meantime.

For starters, the Wall Street Journal takes for granted that China is the aggressor in this equation – even while acknowledging such relevant trivia as that the US engages in electronic surveillance in the South China Sea, sells arms to Taiwan and presides over a military base at Cuba’s Guantanamo Bay that has been used “as a signals intelligence station”.

Indeed, the very same paper reported back in February that the US was “markedly increasing the number of troops deployed to Taiwan” – speaking of “doorsteps” and of islands located just off of enemy coasts. And speaking of joint training exercises, the article also specified that the Michigan National Guard was busy instructing a “contingent of the Taiwanese military” on US soil.

Obviously, the US beats China hands down in everything from international eavesdropping and cross-border political meddling to bombing the living daylights out of other countries.

But while the US views itself as unilaterally endowed with the right to do whatever it pleases wherever it pleases, any remote approximation of such behaviour by other countries is cast as an unpardonable and barbaric violation – particularly if it occurs in the United States’ self-declared “backyard”.

And just like earlier this year, when the US media and political hypesters took the Chinese “spy balloon” and ran with it, the alleged Cuba-China conspiracy has provided all manner of fodder for the United States’ resident warmongers.

Case in point: A recent article at the Washington, DC-based website The Hill by John Bolton – longtime US diplomat, former national security adviser to Donald Trump, and, in his own words, “somebody who has helped plan coups d’état” in other countries.

Bolton argues that China’s “intrusion into Cuba reflects a significant escalation in its hegemonic aspirations, equal to or graver than the 1960s Soviet presence”, and that the US must “think again about whether and how to overthrow Havana’s post-Castro regime”.

After all, US-backed coups are never intrusive.

Regime change or not, Bolton prescribes a severance of diplomatic relations with Cuba and increased sanctions against both China and its Cuban accomplice. Lest the current US political establishment be at a loss for what to do with its illegal prison and torture centre on occupied Cuban territory, Bolton suggests: “Guantanamo Bay, for example, was never prepared as a staging ground for anti-Castro activities but remains fully available to us today.”

Meanwhile, in a June 27 Fox News intervention titled “What China is doing in Cuba is a big threat to all of us”, retired US Army lieutenant colonel and vice president at the Texas Public Policy Foundation Chuck DeVore also advocates for Cuban regime change, reasoning that China “might seek to turn Cuba into a deadly dagger pointed at America – a dagger that might be withdrawn in exchange for the US abandoning Taiwan”.

For his part, Florida Republican congressman Matt Gaetz recently advised the use of US military force to remove Chinese military assets in Cuba, while also introducing an amendment to the National Defence Authorisation Act to “ban taxpayer funds from being used to host drag shows on military bases”.

There is no end, it seems, to the existential threats facing the global hegemon.

And in case the direness of the China-Cuba situation has failed to register domestically, Gordon G Chang of the far-right Gatestone Institute warns of “nuclear-armed communists on the warpath”, who are liable to install surface-to-air missiles on the Caribbean island and threaten Taiwan’s allies with “nuclear destruction”.

The terrifying upshot, according to Chang, is that, “thanks to Cuba, a war in Asia will be fought on, near, and over the American homeland – perhaps with nukes”.

Suffice it to say that, six decades after the Cuban missile crisis, nuclear-armed imperialists remain firmly on the warpath.

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