Date: Thursday, 03.15.2012 9:34
Baghdad / term follow-up
MPs and experts said on Wednesday the existence of four alternative outlets for the export accounted for 80% of the oil through the global markets in case they could not transport the oil through the Strait of Hormuz, Iran due to the crisis with the West. A member of the Commission on oil and energy parliamentary Atrushi according to Farhad (Rn), Iraq exported 80% of its oil through the Strait of Hormuz, and 20% across Turkey, and any tension in the strait means stop exports by 80%, and this harms the national economy
He Atrushi solutions immediate and near and fast is not available, the alternative requires the development of strategic solutions as an addition pipeline another Turkish oil exporting or expand export line current to accommodate a million or two million barrels instead of the energy current of 400 thousand barrels. "
He Alatrotche "The other alternative is the line Syrian and this is unlikely at present because of security and political conditions taking place in Damascus, with no other alternative is to export through the land of Jordan to the port of Aqaba and there is thought by the Iraqi ambassador to discuss the issue with the Jordanian side. "
The government decided to approve the adoption of the recommendations of the Committees of Economic Affairs and Energy Affairs study on the possibility of a crisis in the Persian Gulf and its implications for Iraq, and asked the advisers to study the issue from all aspects of their impact on the budget and the currency, oil, and the ration card, electricity.
For his part, sees the former oil minister Ibrahim Bahr al-Ulum's (Rn), it is "supposed to be There are strategies and studies by the Ministry of Oil and the government for a certain period, which includes the need for reliance on the mechanism of diversification of export outlets for oil, and opening up of the Iraqi Arab world will help him to negotiate for example, with Saudi Arabia to restore the tube Iraqi who has set up in the eighties and which has the power export nearly a million and a half million barrels per day to the port of Yanbu in the Red Sea, which is one of immediate solutions. "and added that quick action is useful to avoid the extent of the damage on the Iraqi economy if the Strait of Hormuz," noting that the government has a plan to build oil pipeline Syria through investment companies and can be accomplished during the year to year and a half or the other option is to expand the oil pipeline Iraq-Turkey. "
and extends the tube Iraqi oil - Saudi to about 626 km and takes the oil to the Iraqi port city of Yanbu Saudi Arabia, established in 1986, company of Japan's Mitsubishi F T F Hungarian.
He said there are some points to the possibility of resorting to the use of tankers wild in the transfer of oil it is impractical and the priority given to the tube Saudi oil and re-examine the plan of the ministry system of export through the Gulf to 5 million barrels of oil a day. "
The relations between Iraq and Saudi Arabia has witnessed throughout the period that followed 2003, cool and clear like the relations that following the second Gulf War in 1990, in contrast to its prosperity during the 1980-1988 Iran-Iraq war, where Saudi Arabia was one of the most Arab states in support of Iraq in that war. To that among economists that there is an urgent need for the government to find alternatives to fast for the export of Iraqi oil a substitute for the Strait of Hormuz.
The economist said Hussein Hamad's (Rn), "There is exacerbated in the Strait of Hormuz, and there is escalation of media and political between Iran and the West has been leading the tension and deadlock on the war in the region and Iraq will be the biggest losers due to the adoption of more than 90% of its imports on the sale of oil. "
Hamad added that "Iraq has so far found no alternatives in support of its annual budget to the oil. All sectors of the economy almost stalled nor the formation rate can be relied in supporting the national economy, so finding alternatives to export oil through neighboring countries is the best solution to avoid any tensions in the region. "
He said the Oil Ministry has announced that it plans for the coming years to increase its oil production and beyond fell 6 million barrels, but is supposed to walk the plan to increase production line parallel with finding new outlets for export.
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