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Zubaidi: Close Hormuz will judge us to death economically
On: Tue 01/10/2012 10:09
Baghdad / term
surprised the head of the (citizen) parliamentary Baqir Jabr Al-Zubaidi, the government's silence about the closure of the Strait of Hormuz. Zubaidi said in remarks to a number of media, including (range), yesterday, "said the closure of the Straits adversely affect the Iraqi economy, the fact that Iraq is exporting two million six hundred thousand barrels a day, four hundred only from the Ceyhan and the rest of the Strait of Hormuz, thus closing will lead to the loss of our exports around two million two hundred thousand barrels per day after our ability to export oil through the Strait of Hormuz. "
He said the Oil Ministry has failed to rehabilitate the strategic line which was built in octets of the last century, which was intended to avoid the Iran-Iraq war, calling for re-activation or build a new line, he said, "The ministry did not do anything about the next crisis which will in Iraq if the continued closure of the Straits," . Zubaidi and also appealed to "the government to withdraw the federal budget for 2012", arguing that "Iraq's imports of which does not exceed the 15 percent." Revealed Zubaidi presented paper described Palmtalh as a former minister of Finance to the Finance Committee include errors involved in the budget and the dangers that Stasv Iraq if they were closing the Strait of Hormuz, "and expressed regret" for the United States and Britain warned Baghdad of closure was not there, then the ear of government to these appeals. "The National Alliance MP Ali inch had said earlier that the closure of the Strait of Hormuz to shipping water will lead to a global economic and humanitarian disaster in the real Iraq." He said an inch, "The closure of the Strait of Hormuz, the water will lead to bankruptcy of the Iraqi treasury because it depends entirely on the amount of oil exported through ports in the Gulf Shatt al-Arab." He added an inch to any crisis in the Gulf that will lead to the closure of passage the Strait of Hormuz waterway, and this means stop exporting more than 2 million barrels of Iraqi oil. "
The inch that Iraq's dependence on oil as the only source of financial resources that make up the Iraqi budget operational and investment would be in danger if the government relies on alternative sources and multiple. " He said the lack of Iraqi oil exports from the ports of the Gulf and the dependence on oil, which issued from the Turkish port of Ceyhan will not be important because the amount of oil exported few and do not exceed [400] thousand barrels a day. "
The MP pointed out on the mass of citizens that "the optimal solution, which can be be taken by Iraq to avert a financial crisis is realizing increased Iraqi oil exports through Turkish ports. "
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