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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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    THE THIRD PARTY INTERFERES WITH THE IRAQ AND LEBANON AGREEMENT ON CRUDE OIL

    Rocky
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    THE THIRD PARTY INTERFERES WITH THE IRAQ AND LEBANON AGREEMENT ON CRUDE OIL Empty THE THIRD PARTY INTERFERES WITH THE IRAQ AND LEBANON AGREEMENT ON CRUDE OIL

    Post by Rocky Sat 12 Jun 2021, 7:42 am

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    Economie

    [size=38]THE THIRD PARTY INTERFERES WITH THE IRAQ AND LEBANON AGREEMENT ON CRUDE OIL[/size]

    Sat, Jun 12, 2021 10:52 AM




    Lebanon is officially informed of the decision of the Iraqi Council of Ministers to double the amount of oil that the Iraqi government had approved for Lebanon, from 500 thousand tons to one million tons annually.
    The Iraqi Council of Ministers had voted unanimously to support Lebanon with crude oil, and to increase it from 500 thousand tons to one million tons, with a promise that the decision would be implemented as quickly as possible, given the urgent need for this support to Lebanon, because it is going through unusual circumstances.
    Lebanese President Michel Aoun thanked officials in Iraq for the decision to double the amount of crude oil allocated to his country, through a tweet published by the official account on Twitter. According to a report by "Sky News Arabia".
    In Lebanon as well as outside it, observers see the proposed deal as a factional benefit that secures the continuity of the ruling system and postpones its complete collapse when it will be unable to provide basic services such as electricity and oil, especially since the agreement does not represent a sustainable plan but rather a temporary solution that carries with it more political goals than is in the interest of the citizens.
    In the morning, oil expert Anas Al-Hajji tweeted on his Twitter account, commenting, “What does Michel Aoun mean by oil? If he means crude oil, then there are no refineries in Lebanon, so how is refining done, and if he means gasoline or diesel, Iraq does not export either of them.”
    Al-Hajji added, “The only thing that remains is fuel oil, which means the most inferior type of fuel oil, which is prohibited from being used in many countries of the world.”
    The Lebanese Parliament had approved at the end of March a loan to purchase fuel needed to generate electricity representing 500,000 tons of oil, about 3.5 million barrels, i.e. the volume of Iraq’s daily oil exports. The agreement also includes “cooperation in the field of hospital management and medical training.” Lebanese experts and specialized medical teams will participate in it, which will contribute to the management of new institutions and “medical cities” in Iraq, according to what the National News Agency reported in mid-April.
    Ambiguity
    The Lebanese expert in the field of oil and gas and director of the Natural Resources Governance Institute, Dr. Laurie Haytayan, said, according to “Sky News Arabia,” that all this agreement is nothing but a “patching” of the problem that Lebanon suffers from in terms of its oil needs.
    She added: “Between finding a way to import its oil needs directly, and between importing crude oil with certain facilities, then looking for someone to repeat it for him and have to meet Iraq’s needs for medical services, while Lebanon already needs those services and is unable to secure its needs of equipment and medical staff that it needs.” migrate and a near collapse of the health sector.”
    "How can Lebanon provide medical services to Iraq when medicine or a hospital bed is not available for a patient?" Haitian asked.
    “The agreement is basically not suitable, neither for Lebanon nor for Iraq, and the uncertainty surrounds it,” Haitian said.
    “There is confusion about what we will receive from Iraq, is it crude oil or is it fuel?” And if crude oil arrives, how will it repeat?”
    She added: "The problem with Iraqi fuel is that it contains 4% sulfur, and what is used in Lebanon must contain 1%, but if the importer is crude oil, we cannot benefit from it effectively, as it requires research on the way in which Lebanon will refine it." The oil refineries in Lebanon are out of order, which requires securing a way to refine it outside Lebanon, either in Iraq or through a third party.”
    "There is basically a lack of distinction between fuel, crude oil and gasoline," Haitian said.
    She stopped at the issue of the third party and said, "It may be an intermediary company, but who is this company?" There is great secrecy and the subject is not clear, and we need the text of the agreement in order to understand its intent, and the rest is classified under the name of speculation.”
    And she stressed knowing, “Who is the third party that will refine oil and benefit from its transportation and delivery, and how will it obtain compensation for its fees, financially or through a share in the midst of Lebanon’s crisis in the medical sector?”
    The expert Haitayan concluded by saying, "The Lebanese have always feared a repetition of the scenario of waste and corruption, as happened last year with the Algerian company "Sonatrach", which supplies Lebanon with fuel, where a third party was involved in the process, which is ZR energy) and led to the scandal of "fraudulent fuel" that does not It is still the subject of a judicial dispute between the Lebanese state and Sonatrach.
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