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[size=52]Economist rules out halting oil exports through Gulf waters[/size]
- Today 10:35
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Economic expert Dr. Safwan Qusay ruled out stopping oil exports through the Gulf waters and the Strait of Hormuz, noting that oil prices will not exceed $100 per barrel.
Qusay told Al-Maalouma, "If the conflict in the region develops, oil exports cannot be stopped through the Strait of Hormuz, except for a direct confrontation between Iran and the Zionist entity, which could ignite the region and lead to the closure of this strait."
He added, "Saudi Arabia has export outlets in the Red Sea, as well as the Emirates, which has worked on extending an oil pipeline towards Saudi Arabia and the Red Sea. In addition, China and America have reserves sufficient for two years, so oil prices will not rise to more than $100 per barrel."
He pointed out that "the rise in oil prices may push towards a shift towards exporting through tankers if the cost is appropriate, while Iraq has pipelines towards the Turkish port of Ceyhan and they can be invested in the right way to ensure the continuation of oil exports." End 25N
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Economic expert Dr. Safwan Qusay ruled out stopping oil exports through the Gulf waters and the Strait of Hormuz, noting that oil prices will not exceed $100 per barrel.
Qusay told Al-Maalouma, "If the conflict in the region develops, oil exports cannot be stopped through the Strait of Hormuz, except for a direct confrontation between Iran and the Zionist entity, which could ignite the region and lead to the closure of this strait."
He added, "Saudi Arabia has export outlets in the Red Sea, as well as the Emirates, which has worked on extending an oil pipeline towards Saudi Arabia and the Red Sea. In addition, China and America have reserves sufficient for two years, so oil prices will not rise to more than $100 per barrel."
He pointed out that "the rise in oil prices may push towards a shift towards exporting through tankers if the cost is appropriate, while Iraq has pipelines towards the Turkish port of Ceyhan and they can be invested in the right way to ensure the continuation of oil exports." End 25N
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