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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


    Aqaba Pipeline: Division over Strategic Project Between Hope and Reservation

    Rocky
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    • Post n°1

    Aqaba Pipeline: Division over Strategic Project Between Hope and Reservation Empty Aqaba Pipeline: Division over Strategic Project Between Hope and Reservation

    Post by Rocky Tue 03 Sep 2024, 5:02 am

    [size=38]Aqaba Pipeline: Division over Strategic Project Between Hope and Reservation[/size]


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    September 3, 2024[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala: The Basra-Aqaba oil pipeline project is causing widespread controversy in Iraqi political circles, especially among Shiite forces that oppose the project for political and security reasons.
    This division reflects growing tensions over Iraq's energy policy and its geopolitical implications.
    The idea of ​​establishing a pipeline to transport oil from Basra to the Jordanian port of Aqaba came as part of Iraq's strategy to secure alternative routes for exporting oil.
    The main reason behind this trend is the concern about the possibility of closing the Strait of Hormuz, which was the only passage used to transport Iraqi oil to world markets.
    If this strait is closed, Iraq will face major challenges in exporting its oil, threatening its economy, which depends heavily on oil revenues.
    The Iraqi government has allocated a budget of 6.4 trillion dinars to implement the project in the 2024 budget.
    But some Shiite MPs strongly oppose the project, citing concerns that the Jordanian port of Aqaba is too close to Israel's Red Sea coast, raising questions about whether Israel could obtain Iraqi oil through the pipeline.
    Some critics also believe that the cost of exporting oil through the new pipeline will be higher than exporting through the Arabian Gulf, which will increase the economic burden on the country.
    Amid these disagreements, some opponents tried to obstruct the project through legal channels, but the Federal Supreme Court dismissed a lawsuit against the pipeline project, which is a victory for the government that seeks to move forward with implementing the project.
    The Iraqi government appears to be seeking to secure alternative routes for oil exports in order to protect its economy from potential geopolitical volatility. However, this project may face significant challenges, not only financially but also due to internal and external political tensions.
    Although the project holds the potential to expand Iraq’s oil exports and secure new routes, security and political concerns still loom large. If the government can negotiate with the objecting powers and provide guarantees regarding the use of the pipeline, economic needs and security concerns may be balanced.
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