Thursday 16 August 2012

Oil, Oil More Oil

There seems to a wee plan by Iraq, Syria and Iran, of a oil pipeline called Pipelineistan. The problem was that was finaced by ther Russian oil company Gazprom

In late 2010, his government signed a memorandum of understanding with Iraq for the construction of two oil and one gas pipeline to carry gas and oil from Iraq’s Akkas and Kirkuk fields, respectively, to the Syrian port of Banias on the Mediterranean Sea. In July 2011 Iranian officials announced a $10 billion gas pipeline deal between Syria, Iraq and Iran that would transport gas from Iran’s South Pars gas field, the world’s biggest, through Iraq to Syria. Also planned was an extension of the AGP from Aleppo, in Syria, to the southern Turkish city of Kilis that could later link to the proposed Nabucco pipeline linking Turkey to Europe, if that pipeline ever materializes.
This is from OpernOil article.

As long as Russia is with Syria the sanctions against Syria is very difficult to enforce. There are off shore bank who put the proverbial spanner in the works. The Wall street journal has been investigating this and you might like to read it.

According to the CIA FactBook the oil production in Syria is 401,000 bbl/day (2010 est.).

In the world Syria comes 32nd in the production chart.

The oil consumption of the country is 292,000 bbl/day (2010 est.). There is barely enough to sell. What other reasons than getting oil is there. Unless of course you find that ther best way to get at the enemy is diviode them. Then get a puppet for a few years and everything goes back to normalities.

Proved reserves of oil is 2.5 billion bbl (1 January 2011 est.) and comes 32nd in the world ranking.

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