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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 do the specialists say about the Basra-Oqba pipeline? .. Nabil Al-Marsoumi

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    What do the specialists say about the Basra-Oqba pipeline? .. Nabil Al-Marsoumi Empty What do the specialists say about the Basra-Oqba pipeline? .. Nabil Al-Marsoumi

    Post by Rocky Fri 15 Apr 2022, 6:00 am


    [size=30]What do the specialists say about the Basra-Oqba pipeline? .. Nabil Al-Marsoumi

    2022-04-15
    [/size]
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    [rtl]Nabil Al Marsoumi wrote:[/rtl]

    First: The line was not invented by the Al-Kazemi government, but rather dates back to 1983, when the two countries agreed to lay a pipeline extending from Basra to the port of Aqaba on the Red Sea, passing through Jordanian territory, and the project returned to the fore at the time of the Maliki government in 2012. The Cabinet agreed in 2018 during the reign of Haider Al-Abadi to refer the project to (Mas Iraqi Holding Company) to implement the project inside Jordanian territory and in the manner of investment, but he did not sign the contract. Iraq announced in 2019 at the time of the government of Adel Abdul-Mahdi that it is studying a complete reconsideration of the economic feasibility study for the project, so that the line will be delivered to Egypt instead of ending in Aqaba.

    Second: The estimated cost of the project ranges from 7 to 9 billion dollars, not 18 billion dollars

    Third: Iraq will not pay one dollar from its general budget because the project will be implemented in a bot method, according to which the investing company builds the project and bears all costs and manages the project for a certain period of time ranging from 20 to 25 years, under which it receives a certain agreed amount for each barrel of oil exported from Through the tube and then the tube becomes the property of the two countries.

    Fourth: The project is of paramount importance to Iraq in the direction of diversifying crude oil export outlets and entering new markets because only exporting to the south via the sea may impede Iraqi oil supplies in the future due to security tensions, especially in the Strait of Hormuz.
    Fifth: All the major oil countries in OPEC have invested in new ways and outlets to export their oil away from the Strait of Hormuz, especially Saudi Arabia and Iran.

    Sixth: The contract for the construction of the project has not yet been signed, and therefore all that is said about the cost of transporting Iraqi oil through this pipeline is just unrealistic speculation and theorizing.

    Seventh: Some believe that the Iraqi-Jordanian oil pipeline planned to transport and export one million barrels per day from Iraq to Jordan and through it to other countries through the port of Aqaba will be through the Strait of Tiran, which is controlled by Israel, and then Iraq will be subject to its conditions of normalization with it, and the matter may extend to Israel's access to Iraqi oil at preferential prices!! The reality indicates otherwise, as the Strait of Tiran, on which three countries are located, namely Saudi Arabia, Egypt and Israel, is an international corridor used by all countries without restrictions or conditions, and it is the new reality included in the Camp David agreement between Egypt and Israel in 1979.

    Eighth: Kirkuk's exports currently do not exceed 100,000 barrels per day and are exported through the Turkish port of Ceyhan, while the Iraqi-Jordanian pipeline has an export capacity of one million barrels per day. Therefore, diverting the connection route from Basra to Kirkuk indicates a gross ignorance of the basics of the oil industry in Iraq and in The principles of economic feasibility studies for projects.

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