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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    What is the relationship of the Suez Canal and the impact of its closure on Iraqi oil exports? .. An

    Rocky
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    What is the relationship of the Suez Canal and the impact of its closure on Iraqi oil exports? .. An Empty What is the relationship of the Suez Canal and the impact of its closure on Iraqi oil exports? .. An

    Post by Rocky Sat 27 Mar 2021, 2:12 pm

    What is the relationship of the Suez Canal and the impact of its closure on Iraqi oil exports? .. An expert explains

    •  Time: 03/27/2021 17:14:26
       
    •  Read: 3 120 times

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    {Economy: Al Furat News} The economist, Nabil Al-Marsoumi, explained the extent of the impact of the closure of the Suez Canal on Iraqi oil exports.
    Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
     Marsoumy wrote on his page on {Facebook} " The channel that separates Africa from the Middle East and Asia, is one of the most trade routes of the busiest in the world, through which about 12 percent of total world trade passes. 
    According to data tracking for the magazine Lloyd 's is not, there More than 160 ships are waiting at both ends of the canal, including 41 huge tankers and 24 crude oil tankers.Of 39.2 million barrels per day of crude oil imported by sea in 2020, 1.74 million barrels per day used the canal, according to Kepler's tanker traffic data. 
    He added, "As crude oil and refined products flow in both directions in the 193 km long Suez Canal. In 2020, Europe imported 550 thousand barrels per day of crude from sources east of Suez, most of it through the canal, according to Kepler's figures. South and East Asia imports through the canal." 1.27 million barrels per day in June 2020. "
    Al-Marsoumi pointed out that "the potential impact on ethnic oil exports is limited because about 70% of exports go south through the sea to Asian markets and almost half of the remainder goes through the Turkish port of Jahan and the other half goes to European and American markets. It is known that the quantities of Iraqi oil transported on tankers of the size of suzmax are few." Ranging between 3-5 "monthly carriers."
    He continued, "The quantity does not exceed half a million barrels per day, and there is currently between 1-2 tankers, but the continuation of the closure will increase the number of stuck tankers, and Iraqi oil buyers may change the direction of the trip through the Arabian Sea, the Indian Ocean, then the Atlantic, then the Strait of Gibraltar to southern Europe, or it will continue." To northern Europe, destined for Germany and elsewhere, which leads to high transportation and insurance costs. "
    The Suez Canal Authority resumed a new float attempt on Saturday afternoon, at a time when Egyptian Prime Minister Mostafa Madbouly described the ship’s stranding in the Suez Canal as a "very exceptional accident."
    A Dutch company was working to float the delinquent ship in the Suez Canal, saying that "it is possible to liberate the ship within the next few days if heavy locomotives and the ongoing operations to dredge sand around its bow and have a high tide displace it from its place." 
    Wafa Al-Fatlawi
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