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Oil Expert rule out the closure of Hormuz
Date: Monday 02/06/2012 6:51
Baghdad / range
ruled out oil expert Hamza Jeweler closing the Strait of Hormuz during the current period by Iran as it would be most affected. The Jeweler's Agency (news) The closure of the Strait of Hormuz mean that Iran will stop (400) thousand barrels of its exports through and so much to lose,
Especially since most of its oil, which passes through this strait go to the States, which has rejected sanctions on Iran, like China, India and Russia. He Jeweler: China is able to buy all the Iranian oil exports, indicating that the latter will use the strait to export its oil, and not Bmsalehtha to close it, but just a threat to some countries. He continued that in the event of Iran's insistence on closing the Strait of Hormuz, will lead to major problems of the Iraqi economy as a dependent, and by (92%) on oil revenues, which will reflect negatively on it. The expected rise in oil prices doubly when you close the Straits, he could be released. Iraq (650) thousand barrels through Turkey's Ceyhan pipeline, but nevertheless will lose one third of financial revenues being based mainly on the southern oil pipeline.
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