• Varying estimates of the loss of Iraq if the close of Hormuz
Sunday, January 15, 2012
BAGHDAD - Naseer Goldfinch
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Omani fisherman in the port on the Strait of Hormuz (AFP). Jpg
Reduced the official spokesman for the Iraqi Oil Ministry, Assem Jihad, the impact of closure of Iran's Strait of Hormuz, the proceeds of Iraq's financial from oil exports, stressing that the expectations «refers to the high price of a barrel of oil in world markets to $ 300 a barrel in the event of closure of the Straits, and will keep Iraq on the revenue in exchange for the continued export of quarter of the energy export through the ports of Turkey ».
He Jihad said in a statement to «life», that «the export capacity of Iraq through the ports of the south of million and 750 thousand barrels per day, while we export through the ports of Turkey, about 450 thousand barrels, which means that 80 percent of oil exports pass through the sea ports». He emphasized that the implications of closing the Strait «will be much lower than the rest of the Gulf, especially Iran, which will be the biggest loser». And passes most of the oil exported from Saudi Arabia, Iran, UAE, Kuwait and Iraq, in addition to natural gas (LNG) from Qatar through the Strait of Hormuz, the breadth of 6.4 km between the Sultanate of Oman and Iran. In regard to the options available, according to Jihad, «the ability of Iraq only to raise production capacity from the north of 450 thousand barrels to 600 thousand barrels per day», and expected «high oil prices in the event closed the Straits of $ 100 to $ 300 a barrel, will be offset by Iraq's defeat in the South of the North by Ports ».
Export outlets
And the ports of Iraq to export oil, Jihad said «ports south sea in which we work to raise the export capacity of more than 6 million barrels a day, as well as the outlet ports of Ceyhan, Turkey, and through the ports of Syria, in addition to the line is can be rehabilitated to a capacity of 2.5 million barrels day after the D with two tubes, which finally agreed with Syria. Although Jordan is being exported through the tanks only, with Saudi Arabia have the line stopped in 1990 and need rehabilitation to the decision of the Saudi side ».
The sign and the former Iraqi oil minister Ibrahim Bahr al-Ulum, the «losses over Iraq in the event of closure of the Strait of Hormuz quarter of a billion dollars a day».
And confirmed the economic expert member of the Economic Commission parliamentary Nora Bijari that the global economy «passes in the recovery period do not incur any new crises, particularly with regard to energy and high prices if Iran decided to close the Straits, and will work all consuming countries and exported to prevent this matter». The official source in the management of the Iraqi ports of «life», the four ports, including Abu Flus stronghold and Khor Al-Zubair and Umm Qasr, receives annually and after rehabilitation and follow the mechanisms to speed up the discharge, more of 2209 vessels with a tonnage of up to 13 million tons of goods miscellaneous ».
And saw the Iraqi academic Emad Aboud, that the ports of the south is «lung Iraq, does not have other means to close the Strait of Hormuz choke Iraq, especially if the business we know that the alternatives will be expensive». He noted that in an interview to «life», that «92 percent of Iraq's oil exports, even if you include that will lose 80 percent of them to close the strait, it means he will lose a greater percentage of the proceeds».
The economic Bassem Jamil Antoine, that the Iraqi market «based on 85 percent of its goods, on the outside, and up half through the ports of the South, This will be a confusion in the balance of supply and demand, and in return we do not have local substitutes to cover the deficit or the need for goods ».
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Sunday, January 15, 2012
BAGHDAD - Naseer Goldfinch
Related Nodes:
Omani fisherman in the port on the Strait of Hormuz (AFP). Jpg
Reduced the official spokesman for the Iraqi Oil Ministry, Assem Jihad, the impact of closure of Iran's Strait of Hormuz, the proceeds of Iraq's financial from oil exports, stressing that the expectations «refers to the high price of a barrel of oil in world markets to $ 300 a barrel in the event of closure of the Straits, and will keep Iraq on the revenue in exchange for the continued export of quarter of the energy export through the ports of Turkey ».
He Jihad said in a statement to «life», that «the export capacity of Iraq through the ports of the south of million and 750 thousand barrels per day, while we export through the ports of Turkey, about 450 thousand barrels, which means that 80 percent of oil exports pass through the sea ports». He emphasized that the implications of closing the Strait «will be much lower than the rest of the Gulf, especially Iran, which will be the biggest loser». And passes most of the oil exported from Saudi Arabia, Iran, UAE, Kuwait and Iraq, in addition to natural gas (LNG) from Qatar through the Strait of Hormuz, the breadth of 6.4 km between the Sultanate of Oman and Iran. In regard to the options available, according to Jihad, «the ability of Iraq only to raise production capacity from the north of 450 thousand barrels to 600 thousand barrels per day», and expected «high oil prices in the event closed the Straits of $ 100 to $ 300 a barrel, will be offset by Iraq's defeat in the South of the North by Ports ».
Export outlets
And the ports of Iraq to export oil, Jihad said «ports south sea in which we work to raise the export capacity of more than 6 million barrels a day, as well as the outlet ports of Ceyhan, Turkey, and through the ports of Syria, in addition to the line is can be rehabilitated to a capacity of 2.5 million barrels day after the D with two tubes, which finally agreed with Syria. Although Jordan is being exported through the tanks only, with Saudi Arabia have the line stopped in 1990 and need rehabilitation to the decision of the Saudi side ».
The sign and the former Iraqi oil minister Ibrahim Bahr al-Ulum, the «losses over Iraq in the event of closure of the Strait of Hormuz quarter of a billion dollars a day».
And confirmed the economic expert member of the Economic Commission parliamentary Nora Bijari that the global economy «passes in the recovery period do not incur any new crises, particularly with regard to energy and high prices if Iran decided to close the Straits, and will work all consuming countries and exported to prevent this matter». The official source in the management of the Iraqi ports of «life», the four ports, including Abu Flus stronghold and Khor Al-Zubair and Umm Qasr, receives annually and after rehabilitation and follow the mechanisms to speed up the discharge, more of 2209 vessels with a tonnage of up to 13 million tons of goods miscellaneous ».
And saw the Iraqi academic Emad Aboud, that the ports of the south is «lung Iraq, does not have other means to close the Strait of Hormuz choke Iraq, especially if the business we know that the alternatives will be expensive». He noted that in an interview to «life», that «92 percent of Iraq's oil exports, even if you include that will lose 80 percent of them to close the strait, it means he will lose a greater percentage of the proceeds».
The economic Bassem Jamil Antoine, that the Iraqi market «based on 85 percent of its goods, on the outside, and up half through the ports of the South, This will be a confusion in the balance of supply and demand, and in return we do not have local substitutes to cover the deficit or the need for goods ».
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