Dirty Debts Iraq is losing billions of dollars and two oil exporters with Saudi power
1/3/2019

BAGHDAD / The oil expert,
Hamza al-Jawahiri, said Thursday that Saudi Arabia has taken control of an Iraqi oil port and a pipeline under the pretext that it is asking Iraq for financial debts, indicating that these debts are "dirty" debts that are unfounded.


"Iraq was established in the eighties of the last century, the port," Yanbu "oil in addition to a pipeline of 1200 kilometers between him and Saudi Arabia for the purpose of diversifying his rival, but these two implementations acquired by Saudi Arabia since then, under the pretext that it requires Iraq

"These debts are dirty and unregistered debts at the United Nations, because Saudi Arabia has financed the Iraq war and these are considered unofficial debts because they are debts of war."


"Unfortunately, the successive Iraqi governments since 2003 have not yet solved the file of oil ports or the debts demanded by some Gulf countries and estimated at $ 42 billion, and it remained the same without settlement, the ports are for Iraq and debt is informal but Iraqi governments They did not move at all. "


The term "dirty" is a universally agreed term called debt that finances wars and is considered informal debt.


An Iraqi official said on Thursday that Saudi Arabia had used an oil port on the Red Sea, which was built with Iraqi funds, while the Iraqi side objected.


The Gulf newspaper quoted the official as saying that "Iraq is seeking clarification from the Saudi side on the use of the Kingdom in recent period a port of oil on the Red Sea, was built with Iraqi funds as part of an agreement concluded at the end of the eighties between the two countries to diversify sources of Iraqi oil export, but stopped after the war Gulf".


"The project includes the extension of a strategic oil pipeline from the fields of Basra in southern Iraq, with a capacity of 1.6 million barrels per day and ends in Saudi territory at the port of Majaz, near the port of Yanbu Saudi Red Sea.

The port was built according to an agreement between the two countries with Iraqi funds, However, Riyadh has no right to act without returning to Baghdad as the owner of the right to invest in it. "


He pointed out that "Iraq is determined to seek clarification from the Saudis about the port of Al-Mujaz and the unilateral use of it," explaining that "the port was built with Iraqi funds, which is like any investment project governed by laws and agreements.


The port of Al-Majas started exporting before the first Gulf War broke out. However, it stopped exporting after the Iraqi pipeline stopped in 1990. The port was changed during the last period from the port of Al-Majas to the southern port of Yanbu.

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