Baghdad – IA
The Ministry of Oil clarified the numbers associated to the Basra Haditha crude oil pipeline venture and its financial significance to Iraq, and whereas it denied that its value had reached $28 billion, it revealed a future pattern to hyperlink it to the port of Tartous in Syria, mentioning that it’s a strategic venture in keeping with the trail of growth and there are efforts to make it an power hall. Globalism.
Director Normal of the Oil Tasks Firm, Ali Ward Hamoud, instructed the (INA): “The Basra Haditha oil pipeline venture is taken into account probably the most vital strategic initiatives for the motion of oil in Iraq, and it strengthens the financial system by enabling the nation to export oil by way of new ports.”
He added, “All oil produced from the southern fields is exported by way of our ports and loading factors overlooking the Gulf, which is the export outlet for almost all of Iraqi oil at the moment. And with the presence of geopolitical challenges within the area, the Ministry of Oil has taken it upon itself to diversify export retailers, as over the previous decade it ready a examine of the system.” Northern Export seeks the help of crucial worldwide consulting firms and develops applicable plans to develop new export retailers to serve the enlargement of oil manufacturing within the nation by way of the licensing rounds proposed by the Ministry.”
He continued, “The Basra Haditha pipeline falls inside this pattern. The dimensions of the pipeline is 56 knots and has a capability that ensures the export of two million and 250 thousand barrels per day. It will likely be manufactured by Iraqi fingers, and the majority of it is going to be manufactured inside Iraqi factories by the Iron and Metal Firm affiliated with the Ministry of Business. It gives new export retailers for oil.” Iraq to European and North American nations in keeping with the event street venture and the federal government’s endeavor to make it a world power hall along with its position in transporting items between the East and the West.”
He acknowledged that “the pipeline will assist growing the nation’s manufacturing capability by way of the contracts signed throughout the licensing rounds, together with the brand new ones, which is able to guarantee elevated manufacturing. The venture will present extra portions of gas for big initiatives within the nation and portions that can contribute to overlaying the native want for gasoline, fuel oil, and kerosene.”
He identified that “amongst these initiatives are the massive refineries in northern, central and southern Iraq, and there’s a must repeatedly provide them with crude oil for the aim of filtering and assembly native wants. It’s also attainable that the pipeline will contribute to facilitating the supply of gas to stations alongside its route, in addition to supporting personal sector initiatives that rely on crude oil.” “.
Hammoud identified, “There’s a plan to increase a fuel pipeline parallel to the Basra-Haditha crude oil pipeline, and it is going to be supported by warehouses that present extra storage capability with 5 extra stations, along with offering many job alternatives.”
Hammoud added, “The crude oil pipeline venture (Basra – Haditha) is taken into account the spine of the whole northern export system by way of the connecting node within the Haditha warehouse, the place it’s used for the needs of connecting with the crude oil export pipeline arriving on the port of Ceyhan by way of the (Haditha IT1A) pipeline.” With a size of 200 km and a measurement of 42 inches, which the Ministry is getting ready to implement at the side of the implementation of the crude oil pipeline (Basra – Haditha), and equipping the brand new refineries beforehand carried out and deliberate to be carried out sooner or later with crude oil within the central and southern area (Najaf, Karbala, Diwaniyah, Samawah, Nasiriyah and the refineries of the northern area ), and supplying electrical energy stations with crude oil at peak instances.”
He burdened that “there may be an intention to attach the pipeline sooner or later to the port of Tartous on the Mediterranean after attaining applicable safety circumstances within the Syrian Arab Republic by way of a pipeline established for this function and linking the Haditha warehouse to the port of Tartous. There may be additionally an intention to attach the pipeline sooner or later to the port of Aqaba through an export pipeline linking the Haditha warehouse.” Within the port of Aqaba, offered that the pipeline, with all its parts, is totally owned by the Iraqi state, with out transferring possession to the Jordanian aspect, and based on the draft of the most recent framework settlement agreed upon with the Kingdom of Jordan, the place the utmost export capability of the proposed pipeline is 800 thousand barrels per day, and the pipeline covers the Zarqa refinery’s want of 150 thousand barrels, based on promoting costs. Authorised by the Jordanian Oil Advertising and marketing Firm.
Hammoud identified that “what has been circulated about the price of the venture amounting to $28 billion is much from true, as this value was introduced throughout a examine beforehand submitted by the Ministry of Oil within the occasion that the funding precept for the pipeline from Basra to Aqaba is adopted by funding firms that features the prices of buyers to move one barrel.” To Aqaba, with the price of transit for 25 years, as this examine was not accredited and its utility was deserted.”
He defined that “to cut back the prices of implementing the pipeline, the selection was made to undertake the precept of a turnkey contract and to finance the venture by the Iraqi state and to totally personal it for the good thing about the Ministry of Oil, because the Ministry determined to implement the Basra-Haditha part as it’s the primary artery that feeds the whole northern system, as was indicated above.”
Hammoud continued, “The Haditha-Aqaba export pipeline remains to be underneath examine and scrutiny by specialists and isn’t included within the ministry’s plans within the close to time period. The venture doesn’t embody any refinery or petrochemical vegetation, and there’s no plan to hyperlink the venture with the Arab Republic of Egypt. These visions had been introduced through the joint conferences.” between nations and has not been studied technically or economically and isn’t proposed for implementation.”
He identified that, “From the above, the Ministry of Oil confirms that the crude oil pipeline venture (Basra – Haditha) is a growth venture that can assist the Iraqi financial system and provides nice flexibility to move and export crude oil inside and outdoors Iraq, along with offering hundreds of job alternatives for employees in all areas, along with being a complementary venture.” For the event street venture, our ministry seeks sooner or later to increase a fuel pipeline parallel to this pipeline in order that Iraq will probably be a world transit zone for exporting fuel along with crude oil.”