Voices of objection and support rise in the face of the Basra-Aqaba line before its implementation b

POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

[size=52]Voices of objection and support rise in the face of the Basra-Aqaba line before its implementation begins[/size]

[size=45][You must be registered and logged in to see this image.][/size]
[size=45]Controversy is escalating in Iraq over the project to build a pipeline linking Basra, in southern Iraq, to ​​the Jordanian port of Aqaba, at an estimated cost of more than $18 billion, to export about one million barrels of crude oil through the Red Sea, in exchange for Jordan receiving quantities at lower prices and paying remunerative fees to pass the line through its territory.[/size]
[size=45]Those who reject this project object to the costs and security of supplies that will pass through relatively unsafe areas.[/size]
[size=45]Ahmed al-Rubaie, a representative from Basra, said that "the problem lies in the feasibility of the pipeline to be contracted in terms of contract costs and in terms of the lands that western Iraq passes through."[/size]
[size=45]Al-Rubaie added that “most of the Jordanian regions are not secured, in addition to the fact that the regions in Jordan will be within the range of fire of the Israeli enemy.”[/size]
[size=45]Against this view, energy experts assert that the project is of paramount importance towards diversifying Iraqi oil export outlets and finding new markets in North Africa, rather than being limited to Asia and the seaports in the south, where export supplies may be hampered due to the security tension in the Strait of Hormuz.[/size]
[size=45]"The Basra-Aqaba line is important for Iraq because it will open new markets for Iraqi oil in North Africa," said Nabil Al-Marsoumi, an economist.[/size]
[size=45]Al-Marsoumi added that "the sea ports are sometimes blocked due to bad weather, as well as threats of prosecution in the Strait of Hormuz, which threatens Iraqi oil exports."[/size]
[size=45]While Jordan hopes that the proposed pipeline will secure its crude oil needs at a rate of 100,000 barrels per day, Iraq seeks to increase its oil exports and diversify its outlets to the world, due to its 90 percent dependence on its southern ports.[/size]
[size=45]Wael Qassem, an economic analyst, said, “The technological revolution and sustainable development will impose digital technology that reduces dependence on fossil fuels and oil, so we expect in the future, after two decades or more, a drop in oil prices to a level where they are not even enough to cover the cost of production, so the period must be invested.” The current situation is to export the largest possible amount of oil to increase the budget balance.”[/size]
[size=45]The idea of ​​the Basra pipeline project dates back to the eighties, and was revived during the government of Nuri al-Maliki in 2013, after which the government of his predecessor Haider al-Abadi agreed to refer the project to investment without proceeding with the signing of the contract.[/size]
[size=45]And the government of Adel Abdul-Mahdi re-study the economic feasibility of delivering the pipeline to Egypt instead of ending it in Jordan. As for the current government of Mustafa Al-Kazemi, it confirmed that Iraq would proceed with the project despite the controversy over it.[/size]
[size=45][You must be registered and logged in to see this link.]