Latest news with #Hamzaal-Jawahiri
Shafaq News
12-08-2025
- Business
- Shafaq News
Kirkuk-Baniyas Pipeline: A $10B 'Illogical' project
Shafaq News – Baghdad The Kirkuk–Baniyas oil pipeline suffers from severe infrastructure deterioration, Iraqi oil expert Hamza al-Jawahiri warned on Tuesday, questioning the feasibility of restoring the facility. Speaking to Shafaq News, al-Jawahiri said, 'The talk about rehabilitating the oil pipeline between Kirkuk and the Port of Baniyas is illogical. The pipeline is old, dilapidated, and unsuitable for transporting crude oil. When Syria secured the line in 1972, it was already found to be in poor condition and was never used to transport crude, but rather allocated for petroleum products.' He noted that the pipeline, which began operating in 1952, is now 73 years old. 'Rehabilitation has no meaning. What is needed is an entirely new line, something Syria cannot currently afford. If Iraq were to bear the cost, it would be no less than $10 billion, in addition to operational expenses, Syrian transit fees, and risk costs. In the end, ownership would revert to Syria after 20 years if that is the contract term,' he explained. Al-Jawahiri added that Iraq has no urgent need for new oil export outlets. 'The Gulf export line meets our needs and is not under the control of another country. The cost of exporting a barrel through it is only $0.60 compared to more than $15 via Baniyas. The Gulf line has a capacity exceeding 6 million barrels per day (bpd), while southern production is over 5.5 million bpd and will rise above 6 million within two years, with costs still at $0.60 per barrel.' 'This project, or any other that bypasses the Gulf ports, would be a waste of Iraqi money,' he affirmed. 'The Arabian Gulf, now and in the future, is the most complete export outlet. It enjoys international protection and has not been shut down for over 70 years.'
Japan Today
16-07-2025
- Business
- Japan Today
Drone attacks on oil fields in Iraq's Kurdish region shut down facilities
This is a locator map for Iraq with its capital, Baghdad. (AP Photo) By QASSIM ABDUL-ZAHRA Drones targeted oil fields in Iraq's semi-autonomous northern Kurdish region Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission. No group has claimed responsibility for the attacks, which have exacerbated tensions between the central government in Baghdad and Kurdish authorities. The Kurdish region's anti-terrorism department said two drones attacked an oil field in the district of Zakho, causing damage but no injuries. DNO ASA, the Norwegian oil and gas company operating the field, said its operations were temporarily suspended following three explosions involving a small storage tank at Tawke and surface processing equipment at Peshkabir. It said there were no injuries, and a damage assessment was underway. Hours later, the anti-terrorism department said the Baadre oil field, located in the Sheikhan district of Dohuk province, was targeted by a drone strike. There were no injuries. Videos showed a plume of smoke rising over barren hills. The attacks came a day after another oil field in Dohuk province operated by a U.S. company was set ablaze, also after being struck by a drone. The Kurdish region's Ministry of Natural Resources said the attacks were meant "to disrupt the economy of the Kurdistan region and threaten the safety of civilian employees of the energy sector,' and called for federal authorities to intervene to stop them. Iraqi oil industry expert Hamza al-Jawahiri said the targeting of oil fields in the Kurdish region would not affect global oil prices and that oil production in southern Iraq is sufficient to compensate for any resulting shortage. The fields in northern Iraq produce around 500,000 barrels per day. Al-Jawahiri said the primary losers would be the companies operating the fields, which are working under partnership contracts. Earlier this month, the Kurdish regional government accused the Popular Mobilization Forces — a coalition of Iran-allied militias that are officially under the control of the Iraqi military — of carrying out drone attacks. The Iraqi army said the accusation was 'issued in the absence of evidence' and said it could 'provide hostile parties with justifications to undermine Iraq's stability.' Iran-backed armed groups have periodically attacked U.S. bases in Iraq and Syria. During last month's Israel-Iran war, some of them threatened to target U.S. interests and bases in the region if Washington got involved. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
