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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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    A specialist answers.. What are the available options to face the interruption of Kurdistan's oil ex

    Rocky
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    • Post n°1

    A specialist answers.. What are the available options to face the interruption of Kurdistan's oil ex Empty A specialist answers.. What are the available options to face the interruption of Kurdistan's oil ex

    Post by Rocky Fri 19 May 2023, 4:21 am

    [size=30]A specialist answers.. What are the available options to face the interruption of Kurdistan's oil exports?
    [ltr]2023.05.19 - 10:16[/ltr]
    [/size]
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    Baghdad - Nas  
    On Friday, the economist and professor of economics at the University of Basra, Nabil Al-Marsoumi, explained the available options to face the interruption of Kurdistan region's oil exports.  
      
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    Al-Marsoumi mentioned in a post followed by “NAS” (May 19, 2023), that “in light of the Turkish BOTAS company’s disregard of the Iraqi request to resume exporting Kurdistan and Kirkuk oil via the Iraqi-Turkish line, and invoking flimsy arguments related to the line being damaged by the earthquake that Turkey was exposed to in the summer.” And the need to maintain it, which may extend to a few more months, causing severe damage to oil revenues by preventing about half a million barrels from being exported.  
      
    He added, "There are limited options that Iraq can resort to if the Iraqi oil outage extends for a longer period, including:  
      
    First: Directing the largest possible amount of Kurdistan and Kirkuk oil for local consumption by refining it in the Al-Sumoud refinery with a capacity of 140,000 barrels per day, the Kirkuk refinery with a refining capacity of 56,000 barrels per day, the Al-Siniyah refinery with a capacity of 30,000 barrels per day, the Al-Kisk refinery with a capacity of 20,000 barrels per day, and a modern refinery With a capacity of 16,000 barrels per day, and Qayyarah with a capacity of 10,000 barrels per day.  
      
    Second: Enhancing the region's exports of crude oil to Turkey through tanks, as the Kurdish Kar company currently exports more than 40,000 barrels per day from the Khurmala field, and this amount can be increased, provided that it is included in the financial accounts in the 2023 budget.  
      
    Third: The agreement with Jordan to increase the quantities of crude oil exported to it, especially since Jordan currently imports about 150,000 barrels per day, while Iraq's current exports to Jordan do not exceed 10,000 barrels per day.  
      
    Fourth: Given the low cost of exporting oil from Basra by sea to $1.35 a barrel, it is necessary to develop the export capacity of Iraqi oil southwards by sea to 6 million barrels by extending two offshore pipelines with a capacity of 48 inches, rehabilitating the ports of Basra and al-Amiya, building an offshore platform, and making measuring devices.  
      
    Fifth: It is very important to search for strategic solutions that increase the flexibility of exporting Iraqi oil by diversifying export outlets and subjecting these solutions to economic and technical evaluation away from the political aspect.  
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