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Skinner: Close Strait of Hormuz, will lead to a full stop Iraq's exports from the southern regions
Sunday, March 18 / March 2012 17:59
{Baghdad, Euphrates News} said government spokesman Ali al-Dabbagh said the closure of the Strait of Hormuz, will lead to stop Iraq's exports from the southern regions are full of $ {1.7} million barrels per day of total exports of the current Iraq, amounting on average {2.2} million barrels a day. "
and attributed the Dabbagh said in a press statement the reasons for the approval of the Council of Ministers in its meeting held on March 13 to approve the recommendations of the Committees of Economic Affairs and Energy Affairs to study the possibilities of closing the Strait of Hormuz, to the importance of the this dynamic port.
He added that "after the direct run the loading dock floating {SPM} No. 2 and the ongoing work currently for the purpose of increasing energy exports in the oil port of Basra, the southern exports will reach {2.2} million barrels per day of total exports planned and the amount of {2.6} million barrels per day, or stop approximately (80) percent of Iraq's oil exports due to lack of export outlets for other crude oil Basra at the present time. "
The deputy prime minister for energy Hussain al-Shahristani said the "Strait of Hormuz is going through it about a quarter of the oil source in the global market and if the closure of the Straits for any reason, whether military operations or any other activities means that the entire world will be affected, not only Iraq if Iraq had outlets many other countries do not have the possibility of exporting its oil from other outlets such as Kuwait and Qatar, the UAE, which in turn is trying to extend Nbubha across the Sea of Oman. "
He added that "Iraq has other outlets he has a port through the Mediterranean via Turkey and now Iraq is pumping oil through this pipeline by about {400-500} thousand barrels per day and we can increase pumping in the tube almost to double that number in addition to the existence of a new plan to extend the pipeline across Syria to the Mediterranean and we have to bring in consultants to start this project but the events in Syria may have influenced on this subject and we will wait to settle down the events in Syria and begin immediately to extend Balambeshrh pipeline through Syria to the Mediterranean. "
And al-Shahristani said " this does not compensate for the Strait of Hormuz oil because our production is the largest in the South as more than three-quarters of Iraq's oil product exported from the south and so the closure of the Straits will affect us and others and on the world market significantly. "
Dabbagh said that "the topic presented to the Council of Ministers in its session the fourth bulleted and held on January 24, 2012 and issued guidance from the Council the establishment of the committees of Economic Affairs and Energy to study the possibilities of the occurrence of the crisis in the Persian Gulf and its implications for Iraq and the suggested solutions out of them and make recommendations to the Council of Ministers within a period of two weeks." .
The statement noted that "the Committee on Economic Affairs had discussed the matter at its fifth meeting on February 14, 2012 and have made a range of treatments, solutions and possible alternatives to find the elasticities of the other for the disposal of Iraqi crude oil in the long term, medium and short to contain the probability of the occurrence of the crisis in the Strait of Hormuz."
He said "Recommendations of the Committee on Economic Affairs in the medium term and short term was to increase the pumping capacity and stimulate exports through the Turkish port of Ceyhan, as well as increase the number of tankers transporting oil by road, direct and urgent maintenance and operation of transmission lines, the current oil and return it to use the cards the most."
and the long run, the is proposed to ensure the export by a linear transport Syrian {port of Banias} and Lebanese {port of Tripoli} and work to create a line export carrier by Jordan {port of Aqaba {way investment as well as work on the operation of {line comes} through the Kingdom of Saudi Arabia in the event of resolving issues outstanding issues between the two countries. "
Dabbagh said that the recommendations of the Committee on Energy adopted the recommendations of the Oil Ministry, which was the short-term efforts at all levels to convince the Iranian side and the U.S. need to avoid closure of the Strait of Hormuz for damaging to the global economy in general and the countries of the Gulf region in particular and accelerate work to complete strategic line north and activate the link line the Iraq-Turkey for the delivery of crude oil Basra to the Turkish port of Ceyhan on the Mediterranean Sea as a first stage (under implementation) and work to increase the export capacity of the pipeline and the port as a second phase. "
said the medium term was to accelerate work on the implementation of the line project the Iraqi Syrian to the delivery of crude oil of Basra to the port of Banias on the Mediterranean Sea and re-activation of the discussions of the tube Iraqi Saudi Arabia for the transfer of Iraqi crude oil to the port of Yanbu on the Red Sea despite the difficulty that since its establishment at the time was for political reasons related to helping Iraq to reduce the effects of a decrease in export through the Persian Gulf because of the Iran-Iraq war. "
The statement stressed that the Strait of Hormuz is one of the most important waterways in the world and most of the ships for transporting oil movement as it passes through between (20-30) an oil tanker per day, representing 40% of crude oil transported sea level on the world's only sea port for each of Iraq, Kuwait, Bahrain, Qatar and one of the ports that are important to Iran and Saudi Arabia and the UAE. ended
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