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Iraq will lose more than two million barrels of oil a day in the event of closure of Hormuz
10/1/2012 0:00
Baghdad / Iraq's future,
said the head of the parliamentary citizen, Bayan Jabr said Iraq would lose 2.2 million barrels of oil a day in the event of closure of the Strait of Hormuz. He explained that "the implications of closure of the strait would cause the loss of Iraq's 2.2 million barrels a day, because Iraq exported via Ceyhan 400 thousand barrels only, and 2.2 million through the port of Basra."
He added that "Iraq has failed to rehabilitate the line strategic, which was built in the Eighties the past, "stressing the need to" rehabilitate this line or build a new line to save the Iraqi people for the next crisis, which will in Iraq in the event of closure of the Strait of Hormuz. "
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