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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    $28 billion price for the Basra pipeline - an obstacle... the secrets of the exorbitant cost

    Rocky
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    $28 billion price for the Basra pipeline - an obstacle... the secrets of the exorbitant cost Empty $28 billion price for the Basra pipeline - an obstacle... the secrets of the exorbitant cost

    Post by Rocky Sat 08 Jun 2024, 4:31 am

    [size=38]$28 billion price for the Basra pipeline - an obstacle... the secrets of the exorbitant cost[/size]


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    June 8, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: Iraqi representatives and oil experts reveal shocking facts related to the repercussions of the oil pipeline project extending from Basra to Aqaba, as the total cost of the project amounts to 28 billion dollars, a cost that Iraq will bear entirely without Jordan contributing a single dollar.
    When the project is completed, the pipeline will become the property of Jordan, as well as the oil port in Aqaba, the construction costs of which will be borne by Iraq.
    Moreover, Iraq will build an industrial city in Jordan that will employ ten thousand Jordanian workers, and will become the property of Jordan when the project is completed.
    As Iraqi oil passes through pipelines in Jordanian territory, Iraq will bear high fees on each barrel of oil.
    Experts describe this project as a project to finance the Jordanian treasury and make the Jordanian people live entirely at the expense of the Iraqi people.
    The puzzling question remains: Why did the Iraqi government decide to extract billions of dollars from the Iraqi people’s budget for the sake of Jordan? Why are the political forces silent about this dangerous project that does not provide any benefit to Iraq?
     
    details:
    The Iraqi parliament recently voted to finance the Aqaba pipeline project within the 2024 budget, a decision that raises many political questions and contradictions in the Iraqi scene. Under this decision, Jordan will receive Iraqi oil in addition to a free pipeline, which will enhance its energy and financial resources.
    According to an informed political source, the decision to finance the Aqaba pipeline does not come from within Iraq, but rather from external pressures, specifically from the United States.
    Writer Salem Mashkour pointed out that the project is officially called the “Basra-Haditha Oil Pipeline Project,” but in reality it represents the first phase of the Basra-Aqaba Pipeline Project. Mashkoor believes that this project represents forced normalization with Israel and direct economic support for Jordan and Egypt, and Iraq bears its full costs, which experts describe as very exaggerated.
    In an important statement that reflects economic and political concerns, oil expert Hamza Al-Jawahiri warned against the Basra-Aqaba pipeline project, considering it a step that could circumvent the people’s opposition to the project and cause great damage to Iraq.
    The project includes building a pipeline to transport oil from Basra to Aqaba, at a cost of $28 billion. The project also includes building an oil refinery in Aqaba, and another line extending to Egypt to supply it and Israel with oil.
    Iraq bears all the costs of building and operating the line, in addition to the cost of the oil passing through Jordan at a rate of $2.70 per barrel. Iraq is also committed to selling oil to Jordan and Egypt at reduced prices, which increases the economic burden on it.
    Security and political risks
    Al-Jawahiri points out that the line passes through Wadi Houran, a safe zone for thousands of ISIS fighters, exposing the line to potential attacks.
    Al-Jawahri expresses his fears that the project represents part of the “Deal of the Century” and constitutes a means of normalization with Israel. It is believed that Israel's control over the waters of the port of Aqaba and the Straits of Tiran makes Iraq vulnerable to political pressures that may force it to normalize.
    Al-Jawahiri doubts the necessity of having an alternative export port to the Arabian Gulf. It is noteworthy that the export of oil through the Gulf has never stopped despite the tensions, and that the cost of transporting oil through the Gulf is the cheapest and safest.
    Al-Jawahiri cites this as evidence by the experience of the Iraqi line via Saudi Arabia and the other line via Turkey, stressing that the Arabian Gulf is still the best option.
    Conclusions and warnings
    Al-Jawahiri highlights the negative economic impact on Iraq, indicating that the project will not be economically feasible, as Baghdad will bear all costs with a limited return.
    Al-Jawahiri calls on Iraqi representatives to intervene to stop the project, given its potentially disastrous effects.
    Hamza Al-Jawahiri's statements reflect great concern about the project from various aspects, calling for reconsidering its economic, security and political feasibility, and continuing to follow its developments to prevent any harm to Iraq.
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