For decades, the energy export map of the Gulf converged at the only blocked point: Hormuz Channel. The Iran War now prompted countries to seek a way out of dependency, by pouring billions of dollars to build more pipelines, storage and railway routes.
"The Heritage of the Depression will lead to the construction of infrastructure to avoid the Hormuz Channel", Hamad Husssain, the freight economist at the Capital Economics research firm based in London, remarked.
Last week, the Iraqi cabinet approved the promotional plan for the oil export using the pipeline that passed the Kurdistan reservation to Ceyhan Harbor (Transian). According to this, the country built more pipes connecting Basra to Haditha, which was 700 km long, capitaled $1.5 billion.
Upon completion, the production of Kurdistan Line - Turkey will increase more than three times, from 230,000 barrels to 700,000 barrels a day. However, Baghdad is trying to renovate a pipe that no longer uses, allowing the oil pump directly to Ceyhan Harbor without passing through Kurdistan.
The expansion of the pipeline network is urgent, when Iraq's oil exports have nearly blocked since Iran's war broke out. As a result of the country's publication of the last month, the oil production produced via the Hormuz Channel in April was only 10 million barrels left, compared to the 93 million barrels before the conflict broke out.
- Mohammad Iraq gas pipeline net. In it, the cutting lines are the building plans and pale ones are not used. Source: S&P*
Similarly Iraq, UAE is speeding up new pipelines to take crude oil to Fujairah - strategic port city located outside Hormuz Channel. On 15 May, Prince Abu Dhabi Sheikh Khalil bin Mohamed bin Zayed Al Nahyan appealed to speed up the construction.
The project planned to operate the following year, helping the Abu Dhabi Business Oil Company (ADNOC) double export capacity. "The energy security is not just the maintenance of production. It involves routes, accessability, storage and backups", Mr. Al Jaber, CEO of CC DNA, remarked.
UAE also reinforces the trade and reserves network. Al Jaber stated that he had secured additional supplies for Asian customers and was expanding the oil depot to prevent future disturbances. While, Oman took advantage of the ports in Oman Bay to market storage and oil exports.
In addition, the Gulf countries are also discussing the rapid push of the long planned railway project. According to Capital Economics, this will be the additional method of oil transport, but the production is smaller than the pipeline or seaboat.
Get out! [The oil pipeline in Fujairah, UAE. Image: AFP](data:image/gif;base64,R0lGODlhAQABAAACH5BAAAAAAAABAAAAAAAAAAAAAAAAAAAAAAAAAAAACACACAAAAEAAAAEAAAAAAAAAAAAAAAAATATATATAAEAAAAAAAAEAEAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
AFP*
- Even so, the escape to the Hormuz Channel won't be easy to move because this is the most economic export route. This ambition takes time, money, and diplomacy across delicate borders. For example, Iraq's pipeline needs deals with Jordan, Syria, or Turkey on security, too scene and export rights.
It is also impossible to completely replace the Hormuz Channel export. According to the International Energy Agency (IEA), the East-west pipeline of Arab Saudi Arabia and the route to the Fujairah port of UAE has a capacity capacity total of approximately 3.5-5,5 million barrels per day.
Since the war, Saudi Arabs claim their pipelines are transporting up to 7 million barrels per day, but are still much lower than about 20 million barrels of crude oil and oil products used to pass through the Rift Hormberg.
Also, grounding doesn't guarantee safety. The East - West Arab Saudi pipeline was attacked by Iran in April. Similarly, the Fujairah (UUAE) port was a target of drones.
Get out! [The vessel carrying heavy load oil (over 10,000 DWT) via Hormuz Channel, averaged 7 days. In it, the blue line is the number of ships entering the Persian Gulf through Hormuz, the green line is the number of ships leaving the Persian bay through Hormuz. Graph: Reuters](data:image/gif;base64,R0lGODlhAQABAAACH5BAAAAAAAABAAAAAAAAAAAAAAAAAAAAAAAAAAAAACACACEAAAAEAAAAAAAAAAEAAAEAAAAAAAAAAAAAAAAAAAATATATATAAAAEAAAEAAAAAAAAAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAEAAAAAAAA
- The vessel carrying heavy load oil (over 10,000 DWT) via the Hormuz Channel, with an average of 7 days. In it, the blue line is the number of ships entering the Persian Gulf through Hormuz, the green line is the number of ships leaving the Persian bay through Hormuz. Graphics: Reuters*
Transportation via Hormuz Strait is still significantly lower than before the conflict. According to Lloyd's List's data, the number of ships passing through this line has declined to the lowest level since the end of February.
The ships trapped in the Persian Gulf are still in a dilemma. They can be attacked by Iranian military forces, if not approved by Tehran through the designated corridor at Hormuz. On the other hand, cooperation with the country is at risk of having the US impose punishment measures.
This situation indicated that despite the cost of resources, the Gulf countries have recognized the importance of investing alternative oil routes. Because it will disable the possibility of the Hormuz Channel being turned into a weapon in the future.
Mr. Robin Mills, CEO of Qmarau Energy Advisory based in Dubai, said that once there was a round route, the threat would decrease. "At some point, Iran's sealing of the Channel became meaningless because it no longer caused any significant interruption," he commented.
Mrs. Cinzia Bianco, expert at the European Foreign Relations Council Foundation (ECFR), claimed that the Gulf's determination for long-term investments was reduced to increasing strength on the Hormuz Channel.
"When Saudi Arabs and UAE first poured money into Hormuz's avoidance routes, many consider them extremely expensive and not really necessary. But the reality now shows these investments are worth a lot," she said.
Local An (in CNBC, WSJ, Reuters)
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[The Iranian conflict challenges the AI's central ambitions of the Gulf] (htttognexpress.net/xng-dot-it-itan-tharch-talt-tam-ai-gul-gul-vung-hung-hong-hong-hong-hong-hong-hong.htmlml
[President to become the global center of artificial intelligence (AI) of the Gulf is being challenged as the Middle Eastern conflict extends.][htpts ://nvexpress.net/dong-dong-dot-it-in-than-tach-tham-cent-in-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-49494949494949494949494949494949494949494949.
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#[The Gulf waters facing economic crisis][citation needed][citation needed]
[The Middle Eastern countries are at risk of the worst economic crisis since the pandemic, when GDP may be reduced to 6% this year due to the war, according to Reuters.][citation needed][citation needed]net/ca-ca-ca-dun-mani-ma-com-com-song-Jong-Jong-Jong-Jong-Song-Jong-Song-Jong-Jong-Jong-Song-Jong-Song-Song-Song-Song-Song-Song-Song-Song-Song-Song-Song-Song-Song-Song-Song-Eeptate-Eeptate-Song-Eeptr.1-Song-Stemtab. [14](httttsnvexpress.net/cac-nect-vng-doi-mot-mal-song-song-song-song-tate-te-state-5067871.html#box comment vne)
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#['Iran holds the key to reopening the global energy market'][htttshttpnvnexpress.net/iran-nam-nam-mach-mo-lai-truong-naong-luong-can-caan-cau 05507090.html]
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