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Iraqi Oil Ministry ruled out closing the Strait of Hormuz at the moment
Haider Ali Jawad - 29/01/2012 AD - 10:30 AM |
Official spokesman of the Ministry of Oil, Assem Jihad, that the closure of the Strait of Hormuz would not affect just Iraq but all exporting and importing countries to oil, ruling at the same time that Iran close the Strait at the moment.
The Iraqi oil exports about 2.2 million barrels per day, of which 400 thousand barrels per day pumped into the pipeline linking Kirkuk, the Turkish port of Ceyhan, the remaining quantity shall be loaded into Iraqi ports on the tankers, passing through the Strait of Hormuz.
Jihad said in an interview with The News} {Euphrates on Sunday that "the issue of closing the Strait of Hormuz means affected all countries of the region's oil-producing Gulf states {_ _ Iran Iraq} and also the consuming countries."
The European Union agreed a few days ago to impose sanctions on Iran's oil exports to pressure it over its nuclear program.
Iran has threatened to close the strategic Strait of Hormuz in the event of the imposition of economic sanctions on its oil which it relies to fund nearly 80% of the budget of the country.
Jihad said that "the strait pass of which 17 million barrels of oil a day rate of passage of a tanker every {4 _ 6} minutes and so the closing will affect the producing countries and consuming countries and this includes Iraq, "adding that" Iraq has another outlet for export, a port north But some Gulf states to not possess another port for the export of oil. "
He continued jihad "rule out closing the Strait of Hormuz at the present time, and all countries of the region producing and exporting oil Ataul to close the Strait of Hormuz because the closing will be reflected on the prices of oil, "noting that" the tensions between the countries makes oil prices at high levels, then how if the closure of the Strait of Hormuz ? ".
The official emphasized that "the closure of the Straits will affect the global economy to Aithml new crisis because we do not expect closure disadvantages will affect all States
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Haider Ali Jawad - 29/01/2012 AD - 10:30 AM |
Official spokesman of the Ministry of Oil, Assem Jihad, that the closure of the Strait of Hormuz would not affect just Iraq but all exporting and importing countries to oil, ruling at the same time that Iran close the Strait at the moment.
The Iraqi oil exports about 2.2 million barrels per day, of which 400 thousand barrels per day pumped into the pipeline linking Kirkuk, the Turkish port of Ceyhan, the remaining quantity shall be loaded into Iraqi ports on the tankers, passing through the Strait of Hormuz.
Jihad said in an interview with The News} {Euphrates on Sunday that "the issue of closing the Strait of Hormuz means affected all countries of the region's oil-producing Gulf states {_ _ Iran Iraq} and also the consuming countries."
The European Union agreed a few days ago to impose sanctions on Iran's oil exports to pressure it over its nuclear program.
Iran has threatened to close the strategic Strait of Hormuz in the event of the imposition of economic sanctions on its oil which it relies to fund nearly 80% of the budget of the country.
Jihad said that "the strait pass of which 17 million barrels of oil a day rate of passage of a tanker every {4 _ 6} minutes and so the closing will affect the producing countries and consuming countries and this includes Iraq, "adding that" Iraq has another outlet for export, a port north But some Gulf states to not possess another port for the export of oil. "
He continued jihad "rule out closing the Strait of Hormuz at the present time, and all countries of the region producing and exporting oil Ataul to close the Strait of Hormuz because the closing will be reflected on the prices of oil, "noting that" the tensions between the countries makes oil prices at high levels, then how if the closure of the Strait of Hormuz ? ".
The official emphasized that "the closure of the Straits will affect the global economy to Aithml new crisis because we do not expect closure disadvantages will affect all States
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