Iraq confirms that it will try to rehabilitate the pipeline, with Saudi Arabia to export its oil in the event of closure of Hormuz
Friday, 16 March 2012 12:26 GMT
announced that the Iraqi Oil Ministry, on Friday, they may resort to the rehabilitation of the pipeline, Iraqi – Saudi stalled to export its oil in the event 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 also . A spokesman for the ministry, Assem Jihad, said in an interview for “Alsumaria News” that the Oil Ministry in order to secure Sardatha oil “will seek to rehabilitate the Iraqi pipeline Saudi ancient and stalled in the event of closing the Strait of Hormuz.” Jihad said that “the rehabilitation of the pipeline requires the approval of Saudi Arabia, It may be difficult, “explained that” Saudi Arabia will not preoccupied with the export of oil of other countries 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 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 impact on the budget and the currency, oil, and the ration card, electricity. He ruled out jihad to provide Iran to close the Strait, and between 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 as well as affected by the global economy significantly.” and threatened to Iran 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 Iranian province of Bandar Abbas and South 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.and 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 invasion of Iraq to 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.