The former minister calls for alternatives to oil export strategy in the event of closure of Hormuz

The former minister calls for alternatives to oil export strategy in the event of closure of Hormuz

12/07/2012 13:57

Erbil, July 12 (Rn) – The former oil minister Ibrahim Bahr al-Ulum, the need to find alternatives to oil export strategy in anticipation of closing the Strait of Hormuz by Iran in the event of war with it. According to a statement. The statement quoted the Sea of Sciences as saying that “Iran’s threats to close the Strait of Hormuz will affect the export outlets for Iraqi oil through the Gulf, which is the main outlet for the export of Iraqi oil, stressing the need for the central government to find alternatives to a strategy for export outlets for oil. and called on the federal government to take three steps to facing potential closure of the Strait of Hormuz include the increase of export through the port of Ceyhan as a first stage and work to develop and establish a pipeline carrier for oil fields in the south through Syria and the sea and the Mediterranean as a second phase, adding, that the third step includes holding political negotiations with the Saudi government on the re-tube Iraq’s oil through the port of Yanbu Saudi Arabia in the Red Sea, which acquired by Saudi Arabia. He explained that such steps would avoiding crisis closing the strait in the event of access, not only work to expand the port of Basra alone. as he put it. and threaten Iran close the Strait of Hormuz is vital in the event launched a war upon by the United States or Israel.  RN LLC

Source: aknews