A satellite-enabled peek at Saudi oil.

Monday, September 30, 2013

Of Milk Cows and Saudi Arabia

Under the desert in eastern Saudi Arabia lies Ghawar, the largest oil field in the world. It has been famously productive, with a per-well flow rate of thousands of barrels per day, owing to a combination of efficient water injection, good rock permeability, and other factors. At its best, it set the standard for easy oil. The first wells were drilled with rather rudimentary equipment hauled across the desert sands, and the oil would flow out at ten thousand barrels per day. It was, in a sense, a giant udder. And the world milked it hard for awhile.

However, this article isn't just about a metaphor; it is also about cows, the Holsteins of Haradh. But in the end, I will circle back to the present and future of Saudi oil production.

In my Google Earth-enabled virtual travels around Saudi Arabia looking for oil wells and such, I have come upon many strange sights. Some of these are of natural origin yet can only be appreciated from a satellite's perspective, as is the case for this tidal pool located near a gas oil separation plant for the Safaniya oil field:
Figure 1. My favorite Google Earth view, near Safaniyah oil field, Saudi Arabia


There are many crop circles scattered about eastern Saudi Arabia -- by which I mean circles of crops watered by central pivot irrigation (as opposed to circles of crops flattened by aliens). A line of such circles cuts across the southern tip of the Ghawar field, seemingly following the course of a dry river bed.
Figure 2. Irrigation along the southern fringe of the Ghawar Oil Field, Saudi Arabia. Arrows indicate location of features of interest.
Located on this line, just to the west of the field periphery, are three rather symmetrical structures:

Figure 3. Symmetrical objects of interest near Ghawar oil field.

Each of these is about 250 meters in radius. It took me awhile to discover what these were, as at the time, crowdsourced mapping was just getting started. It so happens that they are part of a huge integrated dairy operation, one of the largest in the world. Fodder crops are grown in nearby circles, cows are milked with state of the art equipment, and the milk is packaged and/or processed into cheese and other products before being shipped. All of this happens in the northernmost fringe of the Rub' al Khali desert, one of the most inhospitable places on earth. Start here to browse around Saudi Arabia's Dairyland on your own using Google Maps.


Turning Black Gold Into White Milk

Here is a glossy PR video describing the operations:

Although the original intent was to locally breed cows more suited to the Saudi climate, it seems they had to import them. Here is another video describing the transport of cows from Australia. A bit different than a Texas cattle drive.

They Built It, But They Didn't Come

Answering why and how these dairy farms came to be located here reveals some interesting history of Saudi Arabia. Although great wealth of the country results from its abundant store of fossil fuels, the necessity of diversifying the economy has long been recognized. The lack of food security was always a big concern. In addition, there remained the nagging problem of what to do with the Bedouins, nomadic peoples who resisted efforts to be integrated into the broader Saudi society. And since they now had it in abundance, they decided to throw money at the problems. What could go wrong?

As related in the book "Inside the Mirage" by Thomas Lippman, a problem with Saudi agriculture is that most of the private land was owned by just a few people, and they were wealthy aristocrats, not farmers, and there wasn't much local knowledge of modern large-scale agriculture in any case. One of the proposed solutions was to create huge demonstration projects by which modern techniques of farming could be learned and applied. As for labor, the goal was to provide individual farms, housing, and modern conveniences to the Bedouin, who would settle down for a life on the farm. The largest such project was the al-Faysal Settlement Project at Haradh, designed for 1000 families. It didn't work out as planned, though, because the Bedouins never came:
You know of the Haradh project, where $20 million was spent irrigating a spot in the desert where an aquifer was found not too far from the surface. This project took six years to complete and was done for the purpose of settling Bedouin tribes. At the end of six years, no Bedouin turned up and the government had to consider how to use the most modern desert irrigation facility in the world.

(From a 1974 Ford Foundation memo)
Eventually, the Saudi government partnered with Masstock, a Dublin-based industrialized endeavor run by two brothers. The Haradh project became the largest of their operations in Saudi Arabia at the time. Eventually, a new company called Almarai (Arabic for "pasture") was created which involved Prince Sultan bin Mohammed bin Saud Al Kabeer. In 1981, a royal decree created the National Agricultural Development Company (NADEC) for the purpose of furthering agricultural independence, and (for reasons I haven't discerned), NADEC gained control of the Haradh project. Almarai went on the become the largest vertically integrated dairy company in the world, and Al Kabeer is a hidden billionaire.
As a side note, NADEC sued Saudi Aramco a few years ago as a result of the latter using some NADEC property for Haradh oil operations, and a lower court ordered Saudi Aramco to vacate. The web links to those reports have disappeared, and one wonders how the appeal went. Separately, NADEC has reportedly obtained farmland in Sudan. Food security.

Speaking of Cash Cows

A half decade ago, much of The Oil Drum's focus was on possible problems with Saudi Arabian oil production. Was the flow from Ghawar tanking? Were all of their older fields well past their prime, and were their future options as limited as Matt Simmons suggested in Twilight in the Desert? My analyses and those of others here seem to suggest a rather aggressive effort to stem decline. With further hindsight, it is clear that Saudi Aramco was caught a bit off guard by decline in existing production. But over time, they were able to complete several decline mitigation projects as well as many so-called mega-projects with many million barrels per day of new production. With each project, the technological sophistication has grown - along with the expense. The Khurais redevelopment, which is reportedly producing as expected, features centralized facilities for oil, gas, and injection water processing. Water goes out, and oil comes back.
Figure 4. Left: map showing Saudi oil fields, Right: Khurais Project pipeline network (source: Snowden's laptop)
The most recent project, the Manifa field redevelopment is a logistical marvel. These have so far proven to be very successful projects (even though Manifa is not fully completed). But if one looks for the impact of the projects on their total output, one comes back somewhat underwhelmed. In the following graphic I show Saudi Arabian production with the theoretical (zero depletion) and official (as reported directly by Saudi Aramco) production capacities.

Figure 5. Saudi Arabian crude oil production increases from megaprojects since 1996, compared with actual crude production (source: Stuart Staniford). Cumulative increases are superimposed on the Saudi Aramco reported baseline value of 10.5 mbpd capacity in 1995. Blue dots denote values obtained from references 1, 2, 3, 4, 5, 6
Here are some conclusions one might draw from the above (including the references):
  • Saudi Aramco has generally been self-consistent when reporting spare capacity and total capacity in light of actual production
  • Production capacity increased subsequent to startup of megaprojects. However, the net production capacity increases were uniformly and substantially less than the planned increments. In total, 5 million barrels per day of production was added, but capacity increased by only 2 mbpd.
  • It is most unlikely that reported production capacities accurately reflected what was producible at any point in time, given the reported values as correlated with the timing of the increases from the megaprojects.
  • However, actual production did not generally increase immediately after projects were completed, indicating that production capacity was not completely exhausted beforehand. But there was certainly an impetus to add a lot of production quickly.
The gap between what might have been (red staircase) and what is reported as production capacity (blue dots) is explained by considering the net of two competing developments: 1) depletion of legacy fields (Ghawar etc.) as they are produced, and b) mitigation of this depletion by drilling new wells in these fields. Since Saudi Aramco does not release data for individual fields or new vs. old wells, we are left to speculate on the relative magnitudes of these. On the plus side, the 5 mbpd from the new projects will (hopefully) deplete less rapidly than older fields. On the minus side, only 2 mbpd capacity was added - and they have exhausted all of the major fields in the pipeline. On the double minus side (for the world, anyway), only 1 - 1.5 mbpd of actual production was added since 1995, and (according to BP) all of that increase went into internal consumption. So after nearly 20 years, though total world crude production (and population) has increased, Saudi Arabia exports the same amount of oil as before. And yet, there is still a lot of hydrocarbons under Saudi Arabia. And it seems they already realize the need for more, as there are reports of planned increases from Khurais and Shaybah totaling 550 kbpd by 2017 to "take the strain off Ghawar". I feel its pain.
Addendum: According to this news report, oil has not actually flowed yet from Manifa. The new Jubail refinery has reportedly no received any Manifa oil as of yet:
The refinery is configured to run on heavy crude oil. But two industry sources said the refinery had not received any of the heavy crude expected from Aramco's new Manifa field and that it was running instead on light crude. Aramco said in April that it had started production at Manifa.-Reuters

Still the One?

Despite all of the negativity emitted above, it is also evident that Saudi Arabia has had and will continue to have a role as the primary provider of spare capacity which can be deployed to buffer variability in world demand. It can do this because Saudi Aramco, the largest oil company in the world, can effect oil prices by virtue of what it can put on or take off the world market. Contrast the Saudi production profile with that of the United States, shown below.
Figure 6. United States monthly crude oil production (source: EIA)
Aside from some minor month-to-month fluctuations and some notable downward spikes caused by Gulf of Mexico hurricanes in 2002 (Isadore), 2004 (Ivan), 2005 (Katrina and Rita), and 2008 (Gustav), production follows a smooth trend. Especially noteworthy is the contrast between Saudi and US production subsequent to the economic downturn in 2008, when oil prices collapsed: Saudi Arabia throttled back while the US kept pumping. Any individual producer in the US had little incentive to hold back oil. However, with the increased importance of Shale plays (Bakken and Eagle Ford) to US production, this might change the dynamics going forward. Since these wells deplete rapidly, any decrease in drilling caused by low prices will also throttle demand (although with a time lag).

The Hungry Cow

The other new "above ground factor" is the problem of growing internal consumption in Saudi Arabia, of just about everyting including oil. To air condition all of those cows, it takes a lot of electricity (and currently oil). And all of that milk feeds a growing, young population. But that milk is bound to get more expensive, since the aquifers from which those massive dairy operations get their water are being rapidly depleted.
Milk consumption in Saudi Arabia reached 729.4 million litres in 2012
...
The Kingdom has already depleted 70% of these sources of water and must now turn increasingly to desalinisation which when factored into the cost of producing fresh milk is very expensive. Experts have estimated that it takes between 500- 1000 litres of fresh water to produce 1 litre of fresh milk if one takes into around the irrigation required to grow the Rhodes grass or Alfalfa required to feed the cows.
It seems Saudi Arabia has cash flow problems, although it is hard to imagine why, given that they are currently producing as much oil as ever at $100/barrel. For one thing, their population keeps growing:
Figure 7. Saudi Arabia population growth (source: Thanks, Jonathan!)
and they need to spread around some money to maintain political stability. Their energy use is out of control, as is their water consumption. And for those segments of Saudi society into which much of the oil revenue flows, consumption is a happening thing. And nobody really knows where the all money goes.
Saudi Aramco is overseen by the Petroleum and Mineral Resources Ministry and, to a lesser extent, the Supreme Petroleum Council, an executive body. The company pays royalties and dividends to the state and supplies domestic refineries. Revenues go to the Finance Ministry, but the amounts are not published. There is no transparency in the national budgeting process, and it is unclear how oil revenues are used. Environmental impact assessments are required, but the results are not made public. Laws and decrees concerning the extractive industries are published and include guidelines for the licensing process in sectors other than upstream oil, but do not contain details on fiscal arrangements. Saudi Arabia has no freedom of information law.

Some ends up in London, where some Saudi tourists spend the entire summer. Of course, this was true in 2002 (and oil was $26/barrel then).
But they do seem to have money to throw around to garner political influence (note that the US does the same with money that it doesn't have). And they have grand plans for looking beyond their petro-heritage:

36 comments:

Salacious said...

Enjoyed your musings on the state of oil and the battle to maintain the hegemony of Saudi Arabia in the realm of surplus oil production. While I'm sure there is no shortage of princelings with fabulous oil wealth, I am more interested in the more applicable day-to-day experiences of the Saudi middle class, and how they must be bumping up against basic cost of living challenges. Last place I remember reading of such topics was Al Jazeera.

Charles said...

Your article is truly informative. Thanks for sharing it. Here I would like to buzz about a one of the best web development company. Ennovations Techserv provides quality Software Development and Web development services Software Development and Web development services

URGENT LOAN OFFER WHATSAPP +918929509036 said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

BORROWERS APPLICATION DETAILS


1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..

Regards.
Managements
Email Kindly Contact: (urgentloan22@gmail.com)

Unknown said...

We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

We Have Loan Programs Tailored For Any Profile And You've Come To The Right Place To Satisfy Your Business Needs. If Your Company Or You Know Of Any Company With Viable Projects / Proposals That Needs Financing, Kindly Write Us With The Loan Requirement. Please, Contact Us For More Information: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

Kindly write us back with the loan information;
- Complete Name:
- Loan amount needed:
- Loan Duration:
- Purpose of loan:
- City / Country:
- Telephone:
- How Did You Hear About Us:

Do You Need A Loan To Consolidate Your Debt At 1.0%? Or A Personal Loans * Business Loans etc. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

3SPOS said...

طور مبيعاتك مع أفضل برنامج نقاط بيع سحابي
3S نظام نقاط البيع هو أفضل برنامج نقاط بيع مصمم لتلبية احتياجات الشركات الصغيرة لجميع القطاعات

طور مبيعاتك مع أفضل برنامج سوبر ماركت سحابي
3S نظام نقاط البيع هو أفضل برنامج سوبر ماركت مصمم لتلبية احتياجات الشركات الصغيرة لجميع القطاعات

طور مبيعاتك مع أفضل نظام نقاط بيع سحابي
3S نظام نقاط البيع هو أفضل برنامج نقاط بيع مصمم لتلبية احتياجات الشركات الصغيرة لجميع القطاعات

طور مبيعاتك مع أفضل برنامج مطاعم سحابي
3S نظام نقاط البيع هو أفضل برنامج مطاعم مصمم لتلبية احتياجات الشركات الصغيرة لجميع القطاعات

طور مبيعاتك مع أفضل برنامج كاشير سحابي
3S نظام نقاط البيع هو أفضل برنامج كاشير مصمم لتلبية احتياجات الشركات الصغيرة لجميع القطاعات


3SPOS
برنامج نقاط البيع
برنامج-سوبر-ماركت/
برنامج الباركود
برنامج-مطاعم/
برنامج-كاشير/

Mohamed Ali said...

$$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
Email: shadiraaliuloancompany1@gmail.com

LOAN APPLICATION DETAILS.
First Name:
Last Name:
Date Of Birth:
Address:
Sex:
Phone No:
City:
Zip Code:
State:
Country:
Nationality:
Occupation:
Monthly Income:
Loan Amount:
Loan Duration:
Purpose of the loan:
Email: shadiraaliuloancompany1@gmail.com


$$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
Email: shadiraaliuloancompany1@gmail.com

LOAN APPLICATION DETAILS.
First Name:
Last Name:
Date Of Birth:
Address:
Sex:
Phone No:
City:
Zip Code:
State:
Country:
Nationality:
Occupation:
Monthly Income:
Loan Amount:
Loan Duration:
Purpose of the loan:
Email: shadiraaliuloancompany1@gmail.com

osma said...

Hello Everybody,
My name is Ahmad Asnul Brunei, I contacted Mr Osman Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr Osman Loan Firm via email osmanloanserves@gmail.com

LOAN APPLICATION INFORMATION FORM
First name......
Middle name.....
2) Gender:.........
3) Loan Amount Needed:.........
4) Loan Duration:.........
5) Country:.........
6) Home Address:.........
7) Mobile Number:.........
8) Email address..........
9) Monthly Income:.....................
10) Occupation:...........................
11)Which site did you here about us.....................
Thanks and Best Regards.
Derek Email osmanloanserves@gmail.com

Asif said...

All the contents you mentioned in post is too good and can be very useful. I will keep it in mind, thanks for sharing the information keep updating, looking forward for more posts.Thanks, if anyone need Mobile Application Development Services Riyadh service then visit us!

loan officer said...


PLEASE READ!!!! PLEASE READ!!!! PLEASE READ!!!! PLEASE READ!!!!

Hey Guys!!!Am so happy I got mine from Mike Fisher. My blank ATM card can withdraw $2,000 daily. I got it from Her last week and now I have $14,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on .I am really happy i met Mike Fisher because i met two people before her and they took my money not knowing that they were scams. But am happy now. Mike Fisher sent the card through DHL and i got it in two days. Get your own card from her now she is not like other scammer pretending to have the ATM card,She is giving it out for free to help people even if it is illegal but it helps a lot and no one ever gets caught. i'm grateful to Mike Fisher because she changed my story all of a sudden . The card works in all countries except, Mali and Nigeria. Mike Fisher email address is blankatm156@gmail.com

Park Wood said...

Dear Customers.

We invite you all to participate in our new business and project funding program, We are currently funding for Business start-up Business developments, Business acquisition Business expansion, Project funding and Working capital etc.

This Funding program allows a client to enjoy 3% low interest rate and payback period of 1 to 35 years. We can approve a loan/funding for up to $500,000,000.00 or more depending on the nature of business we are currently funding for and we satisfy our customers’ financial needs and help them succeed

Application Available
Apply via email: standardonlineinvestment@gmail.com

Dr Purva Pius said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius, call/whats-App Contact Number +918929509036 via email:(urgentloan22@gmail.com) Thank you.

Standard Online Finance said...

I am a person who offers loans to the national. With capital that will be used to grant loans between short-term and long-term individuals ranging from $5, 000 to $500,000,000 all the serious people being in the real needs, the interest rate is 3% over the entire repayment period. I make loans Financial in all areas. I am available to satisfy my customers within 24hours, see 1 day after your application send replies to the following E-mail address: standardonlineinvestment@gmail.com
Thanks and look forward to your prompt reply. 
Regards, 
Muqse

Anonymous said...

Private Lender Bentex Funding Group Ltd.
Greetings to you by (BFGL).
We are a France-Paris based investment company known as Bentex Funding
Group Ltd working on expanding its portfolio globally and financing
projects.

We would be happy to fund and invest with you in any profitable
project if you have any viable project we can finance by making mutual
investment with you. If you are interested, kindly contact us
on:avitinvestmentauthority2@gmail.com for more details.
Looking forward hearing from you soonest.
Yours truly,
Mrs Rose Larsson.
(Personal Assistant)
Bentex Funding Group Ltd(BFGL)
509 Rue Jacques Coeur,75008 Paris-France
Paris-France.Bentex Funding Group Ltd (BFGL)

Anonymous said...

Private Lender Bentex Funding Group Ltd.
Greetings to you by (BFGL).
We are a France-Paris based investment company known as Bentex Funding
Group Ltd working on expanding its portfolio globally and financing
projects.

We would be happy to fund and invest with you in any profitable
project if you have any viable project we can finance by making mutual
investment with you. If you are interested, kindly contact us
on:avitinvestmentauthority2@gmail.com for more details.
Looking forward hearing from you soonest.
Yours truly,
Mrs Rose Larsson.
(Personal Assistant)
Bentex Funding Group Ltd(BFGL)
509 Rue Jacques Coeur,75008 Paris-France
Paris-France.Bentex Funding Group Ltd (BFGL)

Loan Service said...

We provide the best loan at low interest rate without any extra burden that comes along with high rate debt. Do you need a quick loan for business or to pay bills at 3% interest rate? We offer business loan, personal loan, home loan, auto loan, student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over the world. contact us now on email: magmafincropp@gmail.com
Whats-app us on +919650783708

Anonymous said...


$$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW$$$
Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
Email:arabcreditefirm@gmail.com
LOAN APPLICATION DETAILS.
First Name:
Last Name:
Date Of Birth:
Address:
Sex:
Phone No:
City:
Zip Code:
State:
Country:
Nationality:
Occupation:
Monthly Income:
Loan Amount:
Loan Duration:
Purpose of the loan:
where did you hear about us;
Email:arabcreditefirm@gmail.com

PERFECT FINANCIAL said...


Do you need Personal Loan?
Business Cash Loan?
Unsecured Loan
Fast and Simple Loan?
Quick Application Process?
Approvals within 8-10 Hours?
Funding in less than 1 day?
Get unsecured working capital?
Contact Us At: perfectfinancialcredite@gmail.com

LOAN SERVICES AVAILABLE INCLUDE:
================================
*Commercial Loans.
*Personal Loans.
*Business Loans.
*Investments Loans.
*Development Loans.
*Acquisition Loans .
*Construction loans.
*Credit Card Clearance Loan
*Debt Consolidation Loan
*Business Loans And many More:

LOAN APPLICATION FORM:
=================
Full Name:................
Loan Amount Needed:.
Purpose of loan:.......
Loan Duration:..
Gender:.............
Marital status:....
Location:..........
Home Address:..
City:............
Country:......
Phone:..........
Mobile / Cell:....
Occupation:......
Monthly Income:....Contact Us At: perfectfinancialcredite@gmail.com

Standard Online Finance said...

Are you a business man or woman? Do you need funds to start up your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you need funds to finance your project? We Offers guaranteed loan services of any amount and to any part of the world for (Individuals, Companies, Realtor and Corporate Bodies) at our superb interest rate of 3%. For application and more information send replies to the following E-mail address: standardonlineinvestment@gmail.com
Thanks and look forward to your prompt reply.
Regards,
Muqse

Paula Mastop Bentes said...


Do you need any kind of loan if yes my contract Mr Anthony who help me with a loan just few week's back , i just need to share this round the world to let people know that there are still good heated people in the world today . I really lost money to scammers online all because i was desperate for a loan . Until i saw a comment about him , contacting him his not a mistake but a dreams come through for me . Now I'm a happy man with my family . Contact him if you need any loan at :inforamzanloan@gmail.com

Unknown said...

What are your Financial needs? We give out loans from a minimum of $5,000 to a maximum of $500,000,000.00 with comfortable duration that ranges from 1 to 35 years at a very reduced interest rate of 3%. Contact us via email: standardonlineinvestment@gmail.com
Thanks and look forward to your prompt reply.
Regards,
Muqse

Anonymous said...

Private Lender Bentex Funding Group Ltd.
Greetings to you by (BFGL).
We are a France-Paris based investment company known as Bentex Funding
Group Ltd working on expanding its portfolio globally and financing
projects.

We would be happy to fund and invest with you in any profitable
project if you have any viable project we can finance by making mutual
investment with you. If you are interested, kindly contact us
on:bentexgroup@gmail.com for more details.
Looking forward hearing from you soonest.
Yours truly,
Mrs Rose Larsson.
(Personal Assistant)
Bentex Funding Group Ltd(BFGL)
509 Rue Jacques Coeur,75008 Paris-France
Paris-France.Bentex Funding Group Ltd (BFGL)

Anonymous said...


Private Lender Bentex Funding Group Ltd.
Greetings to you by (BFGL).
We are a France-Paris based investment company known as Bentex Funding
Group Ltd working on expanding its portfolio globally and financing
projects.

We would be happy to fund and invest with you in any profitable
project if you have any viable project we can finance by making mutual
investment with you. If you are interested, kindly contact us
on:bentexgroup@gmail.com for more details.
Looking forward hearing from you soonest.
Yours truly,
Mrs Rose Larsson.
(Personal Assistant)
Bentex Funding Group Ltd(BFGL)
509 Rue Jacques Coeur,75008 Paris-France
Paris-France.Bentex Funding Group Ltd (BFGL)

Anonymous said...


Private Lender Bentex Funding Group Ltd.
Greetings to you by (BFGL).
We are a France-Paris based investment company known as Bentex Funding
Group Ltd working on expanding its portfolio globally and financing
projects.

We would be happy to fund and invest with you in any profitable
project if you have any viable project we can finance by making mutual
investment with you. If you are interested, kindly contact us
on:bentexgroup@gmail.com for more details.
Looking forward hearing from you soonest.
Yours truly,
Mrs Rose Larsson.
(Personal Assistant)
Bentex Funding Group Ltd(BFGL)
509 Rue Jacques Coeur,75008 Paris-France
Paris-France.Bentex Funding Group Ltd (BFGL)

ariana curtis said...

Hello everyone, really dreams do come through, i no longer have to apply for loans and worry over my bad credit scores, i got my blank ATM card after so many trails all thanks to Mr George, if you are thinking if its actually real the answer is YES. Mr George is very good at his job i applied for the card and got it shipped to my country 5 days later and i have been using the card for two months, withdrawn a total of €30000 its totally untraceable, my life has transformed from paring an apartment in the slums to purchasing an executive condo with luxury furniture's and now my children can now attend quality schools, Mr George is an angel sent from God to the poor and needy. i am writing this with tears of joy as Mr George has removed my family from the life of want to the life of satisfaction and i have enough money saved up for Christmas. you can contact him through this email: blankatm402@gmail.com
BEST WISHES

Anonymous said...

We offer personal loans up to $ 100,000, are you looking for a business loan and have been denied by a bank, we can help with loans of $ 5,000 to a maximum of $ 100,000 with just 3% interest rate you can have access to instant loans.we offer services to customers all over the world, we provide loans that can help you start your dream business,Rebuild and get your business back on track and can also bring you on a path to a better financial future. you can apply in just a few minutes with few steps and get your money the same day (24 hrs).
Do not delay! E-mail via {smallscaleloans@gmail.com}
Thank you for contacting us,
Best regards
Mr.George
smallscaleloans@gmail.com

Mario Ruehi said...

i was once living on the street where by things were so hard for me, even to pay off my bills was very difficult for me i have to park off my apartment and start sleeping on the street of Vegas. i tried all i could do to secure a job but all went in vain because i was from the black side of America. so i decided to browse through on my phone for jobs online where i got an advert on Hackers advertising a Blank ATM card which can be used to hack any ATM Machine all over the world, i never thought this could be real because most advert on the internet are based on fraud, so i decided to give this a try and look where it will lead me to if it can change my life for good. i contacted this hackers and they told me they are from Canada and also they have branch all over the world in which they use in developing there ATM CARDS, this men who were French and also experts at ATM repairs, programming and execution who taught me various tips and tricks about breaking into an ATM Machine with a Blank ATM card.i applied for the Blank ATM card and it was delivered to me within 3 days and i did as i was told to and today my life has changed. there is no ATM MACHINES this BLANK ATM CARD cannot penetrate into, because it has been programmed with various tools and software before it will be send to you. i know this is illegal but also a smart way of living Big because the government cannot help us so we have to help our self. if you also want this BLANK ATM CARD you can contact these Hackers at
email: rexwalkerhacker@gmail.com

Анна Стасюк said...



Hi Viewers Get your Blank ATM card that works in all ATM machines all over the world.. We have specially programmed ATM cards that can be used to hack ATM machines, the ATM cards can be used to withdraw at the ATM or swipe, at stores and POS. We sell this cards to all interested buyers worldwide, the card has a daily withdrawal limit of $1,000 on ATM and up to $20,000 spending limit in stores depending on the kind of card you order for, we are here for you anytime, any day. Email; (blankatm002@gmail.com) I'm grateful to Mike because he changed my story all of a sudden . The card works in all countries except, contact him now (blankatm002@gmail.com)

Unknown said...

Dear Customers,

We invite you all to participate in our new business and project funding program, We are currently funding for Business start-up Business developments, Business acquisition Business expansion, Project funding, and Working capital, etc.

This Funding program allows a client to enjoy a 3% low-interest rate and payback period of 1 to 35 years. We can approve a loan/funding for up to $500,000,000.00 or more depending on the nature of the business we are currently funding for and we satisfy our customers’ financial needs and help them succeed

Application Available
Apply via E-mail: standardonlineinvestment@gmail.com
Regards,
Mr. Hameed Youssef
Marketing Manager
Standard Online Finance Ltd.

DEBY FINANCING LOANS COMPANY said...


Do you need a quick long or short term loan with a relatively low interest rate as low as 3%? We offer business loan, personal loan, home loan, auto loan, student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and transferred to the borrower within the shortest time possible. We encourage you to contact us and learn more about the loans service we offered. If you have any questions or want more information about our company, please do not hesitate to contact us: debyfinancingloans@gmail.com Whats-App contact number +918375004762

LOAN APPLICATION FORM
1) Full Name:
2) Gender:
3) Loan Amount Needed:.
4) Loan Duration:
5) Country:
6) Home Address:
7) Mobile Number:
8) Monthly Income:
9) Occupation:

C.E.O. Deby Johnson.
debyfinancingloans@gmail.com
Whatsapp Number: +447459797459
Whatsapp Number: +918375004762
DEBY FINANCING LOANS COMPANY

SNK Social Fame said...

They are really nice content. I like your article. Thanks for sharing nice information. Buy real instagram followers India

Solution said...

Hello viewers all over the world, There is good news for you all today get your Blank ATM card that works in all ATM machines all over the world. We have specially programmed ATM cards that can be used to hack ATM machines, the ATM cards can be used to withdraw at the ATM or swipe, at stores and POS. We give out this cards to all interested clients worldwide, We give out THE Blank ATM Card. Do you want to live a good life thought its illegal, its the easiest way to be a millionaire. it also has a technique that makes it impossible for the CCTV to detect you and you can only withdraw a total amount of $5,000 Dollars in a day on ATM Machine also avaialbel at cash delivery. We give up to $10,000.00 to $1,000,000.00 Dollars With our network hacking services. We can Recover all your lost money to Bitcoin and other Crypto currency, mortgage/realestate scams and fake ICOs within 48 hours or less. (Thomas Freddie Hackers) working together as a team to track down & to recover funds back from the most difficult internet SCAMMERS. NOTE!! We've received countless heartbreaking reports of notorious scammers and we’ve successful recovery them back via contact thomasunlimitedhackers@gmail.com

Do contact us on ((Binary Recovery. University Grades.Wiping Criminal Records, FB & IG Hack, Telegram, Loads & Phone Hacking)) border us with your jobs & allow us give you positive result with our hacking skills. We are certified and your privacy is 100% safe with us. Worry no more about your financial problems, If you are in need of any other cyber hack services, we are here for you anytime, any day so contact us via our Email Address: thomasunlimitedhackers@gmail.com

Regards
THOMAS FREDDIE UNLIMITED HACKERS
Email thomasunlimitedhackers@gmail.com
Call/Text: +1 (985)465-8370
Motto: We offer the fastest and reliable services

abidinmohd said...

Do you need a genuine Loan to settle your bills and startup
business? contact us now with your details to get a good
Loan at a low rate of 3% per Annual email us:
Do you need Personal Finance?
Business Cash Finance?
Unsecured Finance
Fast and Simple Finance?
Quick Application Process?
Finance. Services Rendered include,
*Debt Consolidation Finance
*Business Finance Services
*Personal Finance services Help
Please write back if interested with our interest rate intrexcompanyinvestment@gmail.com

Valentin said...

Zanurz się w atmosferze żywych kolorowych gier od najlepszych dostawców! Odbierz swój pierwszy bonus przy rejestracji! Casino slottica

Paul Hart said...

Hello,

This Paul Hart loan company and we give loan at 3% interest rate. We specialized in offering viable loan solutions to meet the financial needs of those who need immediate money for their business or personal life. With competitive terms and flexible offers to reduce your financial burden in an effective way with 100% guarantee with an easy online application process, which in turn saves your precious time and allows you to get funds in quick time.

Below are the types of commercial loans that we present: Commercial, Real Estate, Mortgage Financing, Asset-Based Financing, Inventory Loans, Personal Financing, Business Financing, Equipment Financing, Operations Financing, Medical Equipment Financing, Financing of lease purchase, financing of the venture capital crowd and many more. Loans can be reached regardless of personal credit, lack of collateral or short term in business at an interest rate of 3% per year. I analyze your needs to arrive at a solution. For more information contact us by e-mail: paulhartloanfirm@yahoo.com

Paul Hart said...

We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties should contact Us For more information through via e-mail: paulhartloanfirm@yahoo.com

Do you need a LOAN to consolidate Your Debt At 3% ? Or A Personal LOAN * Business LOAN etc. Interested Parties Should Contact Us For More Information through via e-mail: paulhartloanfirm@yahoo.com

We have LOAN programs tailored for any Profile And You've Come To The Right Place To Satisfy Your Business Needs. If Your Company Or You Know Of Any Company With Viable Projects / Proposals That Needs Financing, Kindly Write Us With The Loan Requirement. Please, Contact Us For More Information: paulhartloanfirm@yahoo.com

Do you need Finance said...

We provide the best loan at low interest rate without any extra burden that comes along with high rate debt. Do you need a quick loan for business or to pay bills at 3% interest rate? We offer business loan, personal loan, home loan, auto loan, student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over the world. contact us now on email: financialserviceoffer876@gmail.com
Whats-app us on +918929509036