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Knesset Finance warns of catastrophe threatening the economy of Iraq, if Iran closed the Strait of Hormuz
01/09/2012 17:47
"Portal Iraq," Baghdad - the Parliamentary Finance Committee, warned on Monday of the great danger threatens the Iraqi economy in case of Iran to close the Strait of Hormuz, and while the government called for reconsideration of the budget of 2012, criticized the Oil Ministry for failing to revive the strategic line of oil.
A member of the Committee Deputy Bayan Jabr, said that "close the Strait of Hormuz is a great danger and a disaster for the Iraqi economy, in case of Iran," he said, attributing to the fact that "Iraq will depend in the export of the vast majority of its oil through the ports of Basra, which pass in turn through the Strait of Hormuz ".
The algebra that "Iraq was 2.0006 million barrels a day through Iran, and issue 2.0001 million thousand through the ports of Basra, 400 thousand through the Turkish port of Ceyhan," calling on the government to "study the matter seriously, because Iraq will suffer from the distress are high because of 400 thousand barrels not fill only 30% of the salaries of staff, as well as stop all projects in Iraq before and after the lack of financial abundance. "
He said that Jabr, "the use of central bank reserves in the event of a crisis such as this major disaster", criticizing the oil ministry for failing to revive the strategic oil that has been created in the eighties of last century, and which links the north-south oil. "
In another matter demanded reparation for the government to "reconsider the budget of 2012 and take precautions and to develop the necessary preparations have been taken in the event of Iran close the Strait of Hormuz."
The statements come amid escalating dispute between the U.S. and increasing fears that Iran's progress on closing the Strait of Hormuz, which issued some 30% of the oil through it, and the center of maneuvers and Iranian threats to close the Straits of San Iranian Vice President Mohammad Reza Rahimi close the strait if the imposed economic sanctions.
The Minister of Defense, Leon Panetta, on Sunday, January 8 present, that the United States would "respond" if Iran seeks to close the Strait of Hormuz, the strategic waterway for oil transportation.
And the Strait of Hormuz is one of the most important waterways in the world and the most movement of ships and is located in the Persian Gulf watershed between the waters of Persian Gulf on one side and the Gulf of Oman and the Arabian Sea and Indian Ocean on the other hand, it is the only sea port of Iraq, Kuwait, Bahrain, Qatar, overlooking it from the north of Iran Province Bandar Abbas, on the south by the Sultanate of Oman Musandam Governorate, which oversees the maritime traffic which, as the passage of ships comes within its territorial waters and width 50 km and a depth of 60 meters, and is a conduit between a third and 40% of the oil transported by sea in the world.
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01/09/2012 17:47
"Portal Iraq," Baghdad - the Parliamentary Finance Committee, warned on Monday of the great danger threatens the Iraqi economy in case of Iran to close the Strait of Hormuz, and while the government called for reconsideration of the budget of 2012, criticized the Oil Ministry for failing to revive the strategic line of oil.
A member of the Committee Deputy Bayan Jabr, said that "close the Strait of Hormuz is a great danger and a disaster for the Iraqi economy, in case of Iran," he said, attributing to the fact that "Iraq will depend in the export of the vast majority of its oil through the ports of Basra, which pass in turn through the Strait of Hormuz ".
The algebra that "Iraq was 2.0006 million barrels a day through Iran, and issue 2.0001 million thousand through the ports of Basra, 400 thousand through the Turkish port of Ceyhan," calling on the government to "study the matter seriously, because Iraq will suffer from the distress are high because of 400 thousand barrels not fill only 30% of the salaries of staff, as well as stop all projects in Iraq before and after the lack of financial abundance. "
He said that Jabr, "the use of central bank reserves in the event of a crisis such as this major disaster", criticizing the oil ministry for failing to revive the strategic oil that has been created in the eighties of last century, and which links the north-south oil. "
In another matter demanded reparation for the government to "reconsider the budget of 2012 and take precautions and to develop the necessary preparations have been taken in the event of Iran close the Strait of Hormuz."
The statements come amid escalating dispute between the U.S. and increasing fears that Iran's progress on closing the Strait of Hormuz, which issued some 30% of the oil through it, and the center of maneuvers and Iranian threats to close the Straits of San Iranian Vice President Mohammad Reza Rahimi close the strait if the imposed economic sanctions.
The Minister of Defense, Leon Panetta, on Sunday, January 8 present, that the United States would "respond" if Iran seeks to close the Strait of Hormuz, the strategic waterway for oil transportation.
And the Strait of Hormuz is one of the most important waterways in the world and the most movement of ships and is located in the Persian Gulf watershed between the waters of Persian Gulf on one side and the Gulf of Oman and the Arabian Sea and Indian Ocean on the other hand, it is the only sea port of Iraq, Kuwait, Bahrain, Qatar, overlooking it from the north of Iran Province Bandar Abbas, on the south by the Sultanate of Oman Musandam Governorate, which oversees the maritime traffic which, as the passage of ships comes within its territorial waters and width 50 km and a depth of 60 meters, and is a conduit between a third and 40% of the oil transported by sea in the world.
[You must be registered and logged in to see this link.]
