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Economy
Lawmaker accuses Saudi Arabia of waging economic war against Iraq by denying it export oil through its territories
22/08/2012 19:39:00

Baghdad (NINA) – Lawmaker member of Parliament's Oil and Energy Committee from Ahrar bloc, Uday Awad, accused Saudi Arabia of waging an economic war against Iraq by denying it export its oil through its territories.

In a statement to the press on Wednesday, Aug. 22, Awad said, "The reason of the dispute with Saudi Arabia is its intention to seize Iraq's oil pipeline running through its territories to the Saudi port of Yanbu.

Awad added that the pipeline effects Iraq's oil export because of Saudi Arabia's policy of attempting to take possession of the pipeline and is waging an economic war against Iraq.

He accused Saudi Arabia of waging a politically, economically and social war against Iraq sectarian reasons. The Saudis justify their behavior by claiming that the pipeline was erected with Saudi funds, and such dispute has not been settled yet; and whenever Iraq tries to bring up the issue, the Saudis tie it to the Iraqi-Kuwaiti relations, saying that they will not discuss it unless Iraq settles outstanding issues with Kuwait.

It is worth mentioning that the 626 km pipeline intended to export Iraqi oil through the Saudi port of yanbu; it was erected during the 80's of last century at the cost of $ 2 billion with a capacity of 1.6 m/b/d, and has not been in operation since 1990 when Iraq invaded Kuwait. / End.

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