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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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    An economist raises questions about the Iraqi-Jordanian oil pipeline project

    Rocky
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    An economist raises questions about the Iraqi-Jordanian oil pipeline project Empty An economist raises questions about the Iraqi-Jordanian oil pipeline project

    Post by Rocky Sat 08 Jun 2024, 4:08 am

    An economist raises questions about the Iraqi-Jordanian oil pipeline project

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    Baghdad today - Baghdad
    Today, Friday (June 7, 2024), economic expert Nabil Al-Marsoumi asked several questions regarding the Iraqi-Jordanian oil pipeline project.
    Al-Marsoumi said in a post on the Facebook platform, followed by “Baghdad Today”, that “there is a heated controversy over the Iraqi-Jordanian pipeline that revolves around two directions: the direction that opposes the implementation of the pipeline for many reasons, including that exporting by sea is the least expensive and may be an existing option through which it will be carried out.” Expanding its export capacity to more than 6 million barrels.
    He added, "The trend in favor of implementing the pipeline is due to political, geopolitical, or economic considerations related to the need for a new export outlet other than the ports of the Arabian Gulf and to obtain new market shares in the global oil market and to overcome the potential impact of security tensions in the Strait of Hormuz, through which 97% of oil passes." Iraq’s oil exports, especially since Iraqi oil exports heading through the Strait of Hormuz declined significantly during the Iraq-Iran war in the 1980s.”
    He stated, “Within this context, many questions are raised about this project, including: If the Iraqi-Jordanian pipeline project was a suspicious Israeli project or a pipeline for normalization with Israel, why did the previous Iraqi governments approve of it?” He added, “And why was the Iraqi pipeline not maintained and restarted?” Turkey before part of it was used to transport Kurdistan’s oil?
    He continued to the economist, "Why was the Kirkuk-Baniyas line not revived when the political and security conditions were stable before 2014 and when all Kirkuk fields were at the disposal of the North Oil Company?"
    He concluded by saying, "What are the measures taken by all previous and current Iraqi governments to revive the Iraqi-Saudi line? Does Saudi Arabia have the right to confiscate the line and use it to transport oil products? What is the fate of the Mujaz Oil Port, which was established with Iraqi money and which Saudi Arabia turned into an oil export port?" Why did Iraq not file a lawsuit against Saudi Arabia and demand compensation?
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