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Researchers warn of the consequences "disastrous" if Iran closed the Strait of Hormuz
On: Wednesday 1/2/2012 7:02
□ Baghdad - Basra / term
, economists, researchers warned during a symposium held by the University of Basra recently Iraq was to "economic disaster" if the implementation of Iran's threats to close the Strait of Hormuz, while the Oil Ministry confirmed that these attempts run counter to international laws inconsistent with it.
The head of the Department of Economic Studies at the University of Basra d. Abdul-Jabbar Hilfi "Alsumaria News", "symposium held by the Faculty of Management and Economics at its headquarters, is an attempt to predict the damage of economic heavy can cause in Iraq, if Iran closed the Strait of Hormuz," adding that "Iran is unlikely to close the strait, but will continue to threaten to close it to pressure the West to ease economic sanctions imposed on it," adding that "what is going on just a cold war."
For his part, described the professor in the Department of Economics, University of d. Nabil Jaffar Abdul Rida's "Sumerian News ", the potential closure of Iran's Strait as" a terrifying scenario should take Iraq seriously, "asserting that" 92% of Iraq's budget depends on oil revenues, and about 80% of its oil exports pass through Hormuz, which displays the close of the Iraqi economy to shake with catastrophic consequences. "
confirmed Abdul Redha that "the Iraqi oil ministry focus at the current stage on the development of export capacity through the Gulf, through their creation platforms new export, while supposed to seek to diversify their export outlets", pointing out that "The ministry should study the repair of the line Strategic even working at full capacity one million barrels per day rather than exports the current does not exceed 400 thousand barrels a day. "
He called Abdul Redha ministry to "think the establishment of a new line with Syria, and another with Jordan, in addition to activating the Saudi policy, despite the political problems between the two countries . "
Meanwhile, the Ministry confirmed the oil that the international community will not tolerate any attempt by Iran to close the Strait of Hormuz, as pointed out that Iraq is seeking to find outlets new export indicating that all oil exports from fields south will stop if they closed the Straits.
The Director General of the Department contracts The oil licensing at the ministry Abdul Mahdi al-Amidi "Alsumaria News", "if Iran carried out its threats to close the Strait of Hormuz, the command is against the law and international legitimacy as a waterway world is not entitled to any party to close," stressing that "the closure of the Straits will affect oil exports to countries Gulf and Iraq's oil exports from the southern region. "
said Amidi, that "the major countries including the United States will not allow closure of the strait leading to the work of a large military in the region," adding "We hope to resolve this issue in a friendly, peaceful and with no effect on the export of crude oil from the region. "
The Amidi, that "all Iraqi oil exports from the oil fields, the South will cease in the event of closure of the Straits, and Iraq remains dependent on oil exports from Kirkuk and the quantity is estimated at 600 thousand barrels per day," pointing out that "Iraq has no solutions timely and quick to resolve the problem. "
renewed Amidi, "the ministry is to find export outlets through new pipeline oil for export from Basra towards the Syrian port of Banias, which will be funded by the investing companies and banks."
The Director of Contracts and Licensing oil Abdul Mahdi al-Amidi, the tenth of December of 2011 the determination of the ministry created a tube length of 1800 km for the transfer of Iraqi oil from Basra to the Syrian port of Banias, with a capacity 2.5 million barrels per day, adding that the project will be presented to investment companies or banks for implementation.
Iran has threatened to close the Strait of Hormuz, which issued some 30% of the oil through it, After the escalation of the dispute, including between the United States of America, and Central maneuvers and Iranian threats to close the Straits of San Iranian Vice President Mohammad Reza Rahimi close the strait if the imposed economic sanctions on it.
and the Strait of Hormuz is one of the most important waterways in the world and the 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 corridor ship 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.
It is noteworthy that Iraq is exporting crude oil from the ports of Basra and Khor al-Amaya on the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, to be exported by truck by truck to Jordan, and the percentage of Iraqi exports from the Basra oil 90%, while the remaining issue of Kirkuk, Iraq currently produces approximately 2.00085 million barrels of crude oil per day, and issued a total of approximately 2.0002 million barrels a day.
to the oil ministry revealed the postponement of the round of competition to invest 12 fields of oil and gas, which was scheduled in April to the end of next May, due to changes in the details of economic contracts.
Abdul-Mehdi al-Amidi, director of licensing contracts for the AFP, "it was postponed round of competition that was scheduled to take place on 11 and 12 April to 30 and 31 of the month of May next.
He added that the delay was due to the presence of changes in economic matters in contracts requires that the companies studied well requires time to do so. "
It was the third postponement of witnessing this round since it was announced.
It was initially planned to take place round this January but was postponed to March next, at the request of the companies in order to study contracts and synchronized with the failure of Christmas, and then postponed until next April.
and the competing companies worldwide contracts including the "Shell" and the British-Dutch "Exxon Mobil" campaign and "Lukoil" Russian, "CNBC" Chinese, "Statoil" Norwegian.
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