Shanghai Cooperation Organisation (SCO) and Global South strategic cooperation

tphuang said:

So you admit that they can live without Russian oil as long as they are willing to pay a lot more. You may want to take a look at global oil exports and what % of that is Russian export.

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gelgoog said:

Which part of the world's total oil production is going down did you not get? If no one buys the Russian oil, there will be even less oil in the market. Period. So some people will do without. You cannot ramp up production to replace Russian production any time soon. Plus Russia exports roughly same oil as Saudi Arabia. The only thing you can do with price is switch the oil around or force consumers to switch to other energy sources. Which are also going up even assuming you can switch. So the result is shortages.

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And how exactly do you think the average Indian consumer of oil will be able to compete with the average Western consumer of oil with vastly different GDP/capita?

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tphuang said:

So you admit that they can live without Russian oil as long as they are willing to pay a lot more. You may want to take a look at global oil exports and what % of that is Russian export.

I am not sure just what exactly you are hoping sco does? Up to this point, it really hasn't done all that much.

Brics on the other hand is trying to be a financial organization for the global South. India is helping to burnish it's credentials as an inclusive global organization promoting multipolar world and move away from western centric financial system.

That to me is more beneficial than any annoyance you or anyone else may feel toward India.

Because all this effort from America to pull in India really hasn't done much on a practical level. India started targeting Chinese firms because it has a border dispute with China and other geopolitical issues. Not because America is telling it to hate china.

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FairAndUnbiased said:

They indeed can pay more which means that the average Indian bids against the average European.

A European with 30k GDP per capita bidding against 20 Indians with 1.5k GDP per capita. Good luck. The same oil that would go towards fueling sports cars in Europe would be used for fertilizer and fueling tractors in India.

The European can eat a little less filet mignon and drive a little less in the BMWs.

Can the Indian eat less wheat when they're already on a starvation diet of roughly 2500 calories a day?

So yeah, India can refuse to buy Russian oil and just bid against Europeans for Saudi oil. They'd lose. When they lose, they don't lose a few drives in a sports car, people die.

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tphuang said:

I am not sure just what exactly you are hoping sco does? Up to this point, it really hasn't done all that much.

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tphuang said:

Brics on the other hand is trying to be a financial organization for the global South. India is helping to burnish it's credentials as an inclusive global organization promoting multipolar world and move away from western centric financial system.

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Still, while all the current members have backed expansion, India wants an agreement to be reached on the process to ensure it isn’t sidelined by China and its allies, according to people familiar with matter who spoke on condition of anonymity. O’Neill, who favors expanding the group, has called for strict criteria on membership.

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India to Resist Anti-US Messaging at BRICS Summit​

June 22nd, 2022, 12:47 AM GMT-0400
In today’s “India Focus” segment, Officials in the country are expected to push back against an anticipated effort by Chinese President Xi Jinping to use this year’s BRICS summit as a platform to highlight his efforts to build an alternative to the US-led global order, according to people with knowledge of the matter.

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coolgod said:

If in your opinion SCO isn't an effective organization, India shunning the SCO members by hosting a virtual summit certainly isn't helping the organization.


Is that so? Out of the five BRICS countries, India seems to be the least active on the global stage in promoting BRICS and dedollarization.

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coolgod said:

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You can claim these are all "fake news", but there is a reason why there aren't a lot of news about India's neighbours joining BRICS, and it isn't because they don't want to.

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主要工作范围包括项目罐区及与SATORP炼厂集成的设计、采购和施工，由公司负责EPC总承包执行。项目合同金额约7.2亿美元，是目前中国石化在沙特地区独立承揽的最大金额炼化工程总承包项目。


该项目由沙特阿美和法国道达尔能源公司共同投资建设，计划在朱拜勒工业区新建一个世界级石化综合体。建成后，该厂可将沙特阿美供应的炼油厂气体和石脑油、以及乙烷和天然汽油转化为更高价值的化学品，扩大价值链，助力沙特阿美进一步推进石油化工战略。

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Last October, the Namibian government banned Xinfeng from exporting lithium ore to China, saying the shipments were irregular. Xinfeng denied the allegations, saying it had shipped 75,000 metric tons of lithium ore to its Chinese headquarters for tests to determine the design of a lithium processing plant in Namibia.

On June 8, Namibia banned the export of unprocessed lithium and other critical minerals as it seeks to encourage local processing and profit from growing global demand for metals used in clean energy technologies.

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Namibia's mines minister did not have the power to cancel a Chinese lithium miner's licence and should have approached the courts to revoke it, a judge ruled on Tuesday.

Lithium miner Xinfeng took Namibia's mines minister Tom Alweendo to court after he cancelled the company's mining licence in April and ordered it to stop operations by May 31. The minister accused the company of obtaining the licence after a flawed application process.

Xinfeng challenged the minister's decision in Namibia's high court, arguing that Alweendo did not have the power to revoke his earlier decision to grant the mining licence.

"The first respondent (mines minister) did not have the power to revoke the mining licence without the express or implied authority to do so under the governing legislation, but was required to approach the courts for an appropriate relief," acting high court judge Ramon Maasdorp ruled.

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