5 replies to this topic

[SUPARCO]

Saudi readies oil line to counter Iran Hormuz threat
Friday, June 29, 2012

DUBAI: Saudi Arabia has reopened an old oil pipeline built by Iraq to bypass Gulf shipping lanes, giving Riyadh scope to export more of its crude from Red Sea terminals should Iran try to block the Strait of Hormuz, industry sources say.

The Iraqi Pipeline in Saudi Arabia (IPSA), laid across the kingdom in the 1980s after oil tankers were attacked in the Gulf by both sides during the Iran-Iraq war, has not carried Iraqi crude since Saddam Hussein invaded Kuwait in 1990.

Saudi Arabia confiscated the pipeline in 2001 to compensate for debts owed by Baghdad and has used it to transport gas to power plants in the west of the country in the last few years.

Iran in January threatened to block the Strait of Hormuz in retaliation for U.S. and European sanctions that target its oil revenues in a bid to stop Iran’s nuclear programme.

A European Union ban on Iran’s oil starts on Sunday and Israel has threatened military action against Iranian nuclear facilities if Iranian talks with Western powers fail to stop uranium enrichment.

Alarmed, Saudi Arabia has now quietly reconditioned IPSA to carry crude, test pumping along the line over the last four to five months, several sources with knowledge of the project say.

“The testing started because Saudi Arabia wanted to secure alternative routes to export oil,” an industry source in Saudi Arabia said.

Western industry sources said the tests through the 1.65-million barrel-a-day line had delivered into storage facilities at Mu’ajjiz near Yanbu on the Red Sea for at least four months.

More than a third of the world’s seaborne oil exports pass through the narrow Strait of Hormuz from the oilfields of Saudi Arabia, Iran, Kuwait, Iraq, the United Arab Emirates and Qatar. Qatar’s liquefied natural gas exports are all shipped through Hormuz.

Worried about its reliance on Gulf shipping, Saudi Arabia in 1992 increased its capacity to pump oil from oilfields predominantly clustered in the east across the country to the Red Sea to about 5 million barrels a day through two parallel pipelines known as the Petroline. reuters

http://dailytimes.co...y_29-6-2012_pg5_31

Salaam,

Brother SaudiArabian, please accept my condolences for the tragic death of Crown Prince Nayef Bin AbdulAziz Al-Saud in the Islamic Kingdom recently.  May Allah Almighty forgive him his sins and grant him an abode in Jannat-ul-Firdaus.

Why hasn't Saudi Arabia built more pipelines on it's Western Frontier?  I would've thought it would be more cheaper to transport oil from the Western side, straight into the Red Sea rather than passing all the way from the Arabia Gulf and then passing it through the Red Sea?

Salaam

[SaudiArabian]

SUPARCO, on 28 June 2012 - 07:02 PM, said:

Salaam,

Brother SaudiArabian, please accept my condolences for the tragic death of Crown Prince Nayef Bin AbdulAziz Al-Saud in the Islamic Kingdom recently.  May Allah Almighty forgive him his sins and grant him an abode in Jannat-ul-Firdaus.

amin, shukrya yaar.

SUPARCO, on 28 June 2012 - 07:02 PM, said:

Why hasn't Saudi Arabia built more pipelines on it's Western Frontier?  I would've thought it would be more cheaper to transport oil from the Western side, straight into the Red Sea rather than passing all the way from the Arabia Gulf and then passing it through the Red Sea?

Salaam

Economic feasability

[UGUR]

biggest prostitute of big brother will solve all problems for western countries in that region..
iimagine ,when war start against iran ,then hormouz will be closed and poor westerns,americans
will not be able to carry their beloved oil ,so oil prices will go up ,they people will get angry ,yeah ,very dangerous to world peace
so king of saudi arabia, will solve the problem, oil to be send by pipes to red sea , good solution , zionist,americans,westerns will be happy !!
thanks to saudi arabian royal pupet family in the duty..

[SaudiArabian]

UGUR, on 01 July 2012 - 09:55 AM, said:

biggest prostitute of big brother will solve all problems for western countries in that region..

quote of the day

shame shame on your big brother for hiring big prostitutes. such a disgrace to the family.

[caliph]

SaudiArabian, on 01 July 2012 - 12:54 PM, said:

quote of the day

shame shame on your big brother for hiring big prostitutes. such a disgrace to the family.

lol................lol...................

[Dizasta]

Big or small, a prostitute is still a prostitute ..... shame on being a prostitute and the one hiring her!!! Nothing to brag about really!!