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Al Abbadi: Saudi Arabia refuses to re-line [stems] oil to Iraq under the pretext of compensation
Ali Abdullah - 11/01/2012 PM - 1:25 PM
MP for the rule of law Haider al-Abadi for their rejection by the Saudi Yanbu oil return line to the Iraqi side of the grounds to meet the cumulative amount of compensation to Iraq. "
He said in a statement to the agency [where] that the Iraqi government demanded that the Saudi side to enable Iraq from the investment line of stems in the marketing of its oil to the Red Sea Ports and avoid the problems of closing the Strait of Hormuz, but Saudi Arabia has rejected the Iraqi request and replied that the line is now in the ownership of the Kingdom as part of the debt that resulted from Iraq as a result of Saudi Arabia to help him during the eight-year war with Iran. "
In another matter Abadi reduced the risk of closure because the closure of the Strait of Hormuz Straits will not last long as he put it. "
The MP from the state of law that the closure of the Strait of Hormuz is an economic catastrophe that the world can not continue in the event of closure of the Strait of Hormuz "afterthought" that the closure of the Straits is not easy. "
The Anasaudih and stood by the government of Saddam during the eight-year war and offered him support and assistance in all its forms, but turned against him after the war and demanded that Iraq Bayeva money and weapons provided tranche facility for him. "
The Gulf state of stress and tension after Iran threatened to close the Strait of Hormuz and the cessation of oil exports, which pass through and which is estimated at [40] percent of global demand, if the U.S. and the West to impose economic sanctions on Iranian oil or strike Iranian nuclear sites. "
The Iraq depends on oil exports for the time being of the ports on the Gulf Iraq's Shatt al-Arab by more than two million barrels per day depends on the Turkish port of Ceyhan in the export of about [400], where only a thousand barrels of Iraqi oil him up through the pipes pass through the northern region , while not benefit from the extended pipeline in Saudi Arabia and the Syrian territory. "
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