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| Iraq |
| Iraq Takes Precautions to Face Possible Hormuz Closure |
| 2012-03-19 |
| [An Nahar] Iraq moved on Sunday to diversify its oil export routes to reduce the impact of a potential closure of the Strait of Hormuz by Iran on Storied Baghdad's ...located along the Tigris River, founded in the 8th century, home of the Abbasid Caliphate... oil-dependent income, as well as the world economy. The plans, recommended by the cabinet's energy and economics committees, include efforts to ramp up exports along a pipeline to Turkey, increase the amount of oil transported by road, and "urgently" fix disused transport pipelines, according to a statement from government front man Ali al-Dabbagh. He said Iraq's cabinet on Sunday adopted the recommendations which also included working to reopen the Banias-Tripoli ...a confusing city, one end of thich is located in Lebanon and the other end of which is the capital of Libya. Its chief distinction is being mentioned in the Marine Hymn... pipeline that runs from Syria to Leb but has been closed since 1990, and, if thawing Iraq-Saudi relations continue to improve, a disused pipeline through Soddy Arabia as well. The committees "also recommended that in the short term there be more efforts to convince the Iranian and American sides of the necessity of avoiding the closure of the Strait of Hormuz because it will damage the global economy, and Gulf countries especially." Iran has threatened retaliation for fresh Western sanctions over its nuclear program, including a possible disruption of shipping through the Strait of Hormuz, a Gulf chokepoint for global oil shipments, including 80 percent of Iraq's oil exports. Dabbagh told Agence La Belle France Presse in an interview last month that Iraq was worried by U.S.-Iran tensions and would be one of the worst countries affected if the strait were closed to shipments of crude oil. Planning Minister Ali Yusuf al-Shukri also said last month that Iraq was mulling its options in case Iran blocks the vital waterway. Iraq currently produces more than three million barrels per day (bpd), with exports averaging about 2.1 to 2.2 million bpd. Crude sales account for the lion's share of Storied Baghdad's government income. |
| Posted by:Fred |
| #3 More ... * DEFENCE.PK/FORUMS > IRAN WILL CLOSE HORMUZ OVER SANCTIONS |[Russia Today] "S-W-I-F-T" REACTION: IRAN "WILL RETALIATE" BY CLOSING HORMUZ STRAIT. * TOPIX > IRAN WARNS WEST NOT TO UNDERESTIMATE HORMUZ CLOSURE THREAT. Iran says it will indeed close the Hormuz, as pertinent. IIUC, Iran just gave the "the Finger/Bird" to the US [again] as per the latter's warning for Iran not to cross "red lines" in the Gulf. |
| Posted by: JosephMendiola 2012-03-19 23:38 |
| #2 Does anyone actually believe this crap? |
| Posted by: Harcourt Big Foot1227 2012-03-19 18:41 |
| #1 Iran is repor mulling more major cutbacks in its international oil exports in response to the SWIFT action. IIRC SWEDEN = has formally determined that the proposed TAPI Pipeline is not only too costly but also NOT VIABLE. I may be wrong but I believe I read that China has already backed out of financing same for simil reasons??? |
| Posted by: JosephMendiola 2012-03-19 00:46 |