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Iraq confirms that it will try to rehabilitate the pipeline, with Saudi Arabia to export its oil in the event of closure of Hormuz
Sat, 17 Mar 2012 time: 9:52
Agencies:
The Ministry of Oil in Baghdad, Friday, they may resort to the rehabilitation of the Iraqi pipeline - stalled for Saudi oil exports in case of closing the Strait of Hormuz by Iran, while confirming that it will require the approval of Saudi Arabia has ruled out closing the Strait as it would hurt Iran too.
He said the ministry spokesman Assem Jihad said in an interview for "Alsumaria News" that the Oil Ministry in order to secure oil Sardatha "will seek to rehabilitate the Iraqi oil pipeline and the old Saudi stalled in the event of closing the Strait of Hormuz."
Jihad said that "the rehabilitation of the pipeline requires the approval of Saudi Arabia, and may be difficult," explained that "Saudi Arabia will not preoccupied with other countries to export oil in the event of closure of the Straits, but would invest all their energy to export its oil through the Red Sea."
The Iraqi cabinet has approved in its meeting held on Tuesday 13 March, the current recommendations of the Committees of Economic Affairs and Energy Affairs to study the possibilities of the occurrence of the crisis in the Persian Gulf as a result of closing the Strait of Hormuz and raised in Iraq as requested by the Council of the consultants study the issue from all aspects of their effects on the budget and the currency, oil, and the ration card, electricity.
He ruled out jihad that Iran's progress on the closure of the Straits, and that he "has not been closed previously by any of the parties in spite of all the circumstances and the crises that occurred in the region," pointing to "close it does not affect only Iraq but to all producing countries in the region, including Iran Add to the global economy is affected significantly. "
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 Iranian threats to close the strait in the words of the Iranian Vice President Mohammad Reza Rahimi close the strait if imposed economic sanctions on it.
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, 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 crossed between a third and 40% of the oil transported by sea in the world.
The line is the tube of Iraqi oil Saudi Arabia, which was built in 1986 by my company, "Mitsubishi" Japanese "or T-F" Hungarian one strategic guidelines for the export of Iraqi oil across Saudi Arabia through the ports of Yanbu on the Red Sea The design capacity of more than 1.5 million barrels per day , was discontinued after the Iraq invasion of Kuwait in 1991.
And Iraq currently exports about 2.2 million barrels of crude oil a day, at least of which are issued through the ports of al-Amaya and Basra and other quantities are issued by the carrier line to the Turkish port of Ceyhan.
Source: Sumerian News
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Sat, 17 Mar 2012 time: 9:52
Agencies:
The Ministry of Oil in Baghdad, Friday, they may resort to the rehabilitation of the Iraqi pipeline - stalled for Saudi oil exports in case of closing the Strait of Hormuz by Iran, while confirming that it will require the approval of Saudi Arabia has ruled out closing the Strait as it would hurt Iran too.
He said the ministry spokesman Assem Jihad said in an interview for "Alsumaria News" that the Oil Ministry in order to secure oil Sardatha "will seek to rehabilitate the Iraqi oil pipeline and the old Saudi stalled in the event of closing the Strait of Hormuz."
Jihad said that "the rehabilitation of the pipeline requires the approval of Saudi Arabia, and may be difficult," explained that "Saudi Arabia will not preoccupied with other countries to export oil in the event of closure of the Straits, but would invest all their energy to export its oil through the Red Sea."
The Iraqi cabinet has approved in its meeting held on Tuesday 13 March, the current recommendations of the Committees of Economic Affairs and Energy Affairs to study the possibilities of the occurrence of the crisis in the Persian Gulf as a result of closing the Strait of Hormuz and raised in Iraq as requested by the Council of the consultants study the issue from all aspects of their effects on the budget and the currency, oil, and the ration card, electricity.
He ruled out jihad that Iran's progress on the closure of the Straits, and that he "has not been closed previously by any of the parties in spite of all the circumstances and the crises that occurred in the region," pointing to "close it does not affect only Iraq but to all producing countries in the region, including Iran Add to the global economy is affected significantly. "
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 Iranian threats to close the strait in the words of the Iranian Vice President Mohammad Reza Rahimi close the strait if imposed economic sanctions on it.
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, 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 crossed between a third and 40% of the oil transported by sea in the world.
The line is the tube of Iraqi oil Saudi Arabia, which was built in 1986 by my company, "Mitsubishi" Japanese "or T-F" Hungarian one strategic guidelines for the export of Iraqi oil across Saudi Arabia through the ports of Yanbu on the Red Sea The design capacity of more than 1.5 million barrels per day , was discontinued after the Iraq invasion of Kuwait in 1991.
And Iraq currently exports about 2.2 million barrels of crude oil a day, at least of which are issued through the ports of al-Amaya and Basra and other quantities are issued by the carrier line to the Turkish port of Ceyhan.
Source: Sumerian News
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