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by Rocky Sat 20 Jul 2024, 7:20 am
[size=35][size=35]"Its condition is very bad".. Parliamentary warning of the "collapse" of the Iraqi oil export system[/size]
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Alsumaria Special
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2024-07-20 | 05:37
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Alsumaria News - Economy
Member of the Planning Committee, MP Amer Abdul Jabbar, revealed today, Saturday, the history of the Basra-Aqaba oil pipeline project and its economic feasibility. While he indicated that the project is a failure and is not suitable for security reasons, he warned of the "collapse" of the Iraqi oil export system.
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[/ltr]Abdul Jabbar said to[url=https://www.alsumaria.tv/entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]"The oil pipeline project between[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]There is no economic benefit in it, as[url=https://www.alsumaria.tv/entity/1956186754/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Oil Ministry[/url]It has not announced the existence of a feasibility study for it,” indicating that “the location of the port[You must be registered and logged in to see this link.]Geographically, it is not suitable, as it is located south of the Suez Canal, and the line’s passage through it will be close to the Zionist entity.” He added, "It is assumed that a pipeline will be built in the Mediterranean Sea to separate the passage through the Suez Canal and the fees that are paid, and to avoid passage through the dangerous area, which is...[You must be registered and logged in to see this link.]And the Yemeni Bab al-Mandab region," noting that "oil exports from[You must be registered and logged in to see this link.]To East Asia, it will pass through this dangerous area." He stressed that "Iraq's oil ports are closer to East Asia than[You must be registered and logged in to see this link.]"Pointing out that "the project is a failure and is not suitable from a security standpoint." He stated that "the Minister of Oil stated in a previous statement that the pipeline project[You must be registered and logged in to see this link.]The subject has been around since 1983, and this talk is ridiculous and unreasonable. The current Iraqi regime is based on the ideas of the previous regime,” noting that “the previous regime built a refinery in[You must be registered and logged in to see this link.]Will the Oil Minister build a refinery in Somalia?!" He pointed out that "these projects are not well thought out, and it is not reasonable to follow the failed ideas of the previous regime," explaining that "the previous regime did not adopt any project."[You must be registered and logged in to see this link.]" He stressed that "after the Iraqi ports were bombed during the war with Iran, their work stopped, as the former regime president asked...[url=https://www.alsumaria.tv/entity/1956186754/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Oil Ministry[/url]Providing alternative solutions, where two alternative solutions were provided, one of which is[You must be registered and logged in to see this link.]The other is Yanbu, which is the port of Al-Mu'jiz," noting that "after studying the two sites, it became clear that[You must be registered and logged in to see this link.]The site was a failure and the best is Yanbu, so the previous regime went to build a pipeline towards Saudi Arabia and to Yanbu, and it cost about 2.6 billion dollars. "The Oil Minister's reliance on justifies the construction of the pipeline," he said.[You must be registered and logged in to see this link.]Because the previous regime thought about it, but the previous regime did not implement it,” explaining that “the pipeline project[You must be registered and logged in to see this link.]"Economically unfeasible." He stated that, “In previous governments, the idea of the project was presented to an investor, and it was reported that the cost of constructing the pipeline was…[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]It costs about $18 billion, and when the cost is added to[You must be registered and logged in to see this link.]It reaches (26-28 billion dollars)," noting that "I revealed in our neighborhood the extent of corruption in this project, as there is an international rate for the cost of transporting oil, as the cheapest means of transporting oil is the pipeline, and after that, which is more expensive than the pipeline, is sea transport, and after that, transport by train, and after that, transport by tankers." He continued, "If we transfer a barrel of oil from[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]According to the pipeline, according to the investment plan adopted by previous governments, which costs 28 billion, the cost of a barrel will be more than 5.5 dollars,” noting that “when renting any ship that transports oil from[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]The cost of transporting a barrel will range from 85 cents to 1.1 dollars, and this is evidence that the pipeline project came about through an investment method that led to corruption.” He explained that "exporting through[You must be registered and logged in to see this link.]The ship revenues will go to Jordan, while the export via[You must be registered and logged in to see this link.]The revenues go to Iraq,” he stressed, adding that “the cost of exporting the pipeline through the port of Ceyhan is $1.15, while the cost of exporting oil through[You must be registered and logged in to see this link.]10 cents, so why do we go to Jordan and pay a higher cost than the cost of exporting to Türkiye? He pointed out that "the current government has allocated an amount of 4.9 trillion dinars for the purpose of establishing a pipeline from[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]The Minister of Oil claimed that this pipeline is not[You must be registered and logged in to see this link.]But only[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]Its aim is to equip the refineries in Nasiriyah, Najaf and Karbala.[You must be registered and logged in to see this link.]We export oil through Türkiye and Latakia, and these are unprofessional and refuted claims.” He stressed the "need to think and[url=https://www.alsumaria.tv/entity/1956186754/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Oil Ministry[/url]Exporting oil at the lowest possible cost,” noting that “the establishment of the Basra pipeline[You must be registered and logged in to see this link.]At a cost of 4 billion dollars, it would be better and more appropriate to spend it on replacing the marine pipelines, as they are close to collapse. They were built in the seventies and are in a very bad condition and are exposed at any moment to collapse and the pumping system will stop. He stressed that "there is a possibility of transporting Kirkuk oil to the refineries, to the Dora refinery, to other refineries, as this is the real economic feasibility and not bringing oil from[You must be registered and logged in to see this link.]To refineries in[url=https://www.alsumaria.tv/entity/2149013646/%D8%B5%D9%84%D8%A7%D8%AD %D8%A7%D9%84%D8%AF%D9%8A%D9%86/ar/]Salahaddin[/url]", pointing out that "the ideas that are being put forward[url=https://www.alsumaria.tv/entity/1956186754/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%86%D9%81%D8%B7/ar/]Oil Ministry[/url]"Not convincing." The representative called[url=https://www.alsumaria.tv/entity/490422642/%D8%B9%D8%A7%D9%85%D8%B1 %D8%B9%D8%A8%D8%AF %D8%A7%D9%84%D8%AC%D8%A8%D8%A7%D8%B1/ar/]Amer Abdul Jabbar[/url]Oil Minister to hold televised debate to demonstrate economic feasibility of pipeline project[You must be registered and logged in to see this link.]"[You must be registered and logged in to see this link.]
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