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Russia sidesteps Arab oil: Will soon begin supplying the Asian markets via Israeli pipeline

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The withdrawal of Syrian troops from Lebanon bears a direct relationship to the consolidation of both land and sea corridors under Israeli military proection. The strategic land corridor extends from the Red Sea port of Eilat, across Israel and through Lebanon and the Syrian Mediterranean coastline to the Eastern coastline of Turkey.

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Turn Israel into a major player in the oil game by extending a pipeline from Turkey to the port city of Ashkelon and from there to Eilat, in the south portion of the Gulf of the Red Sea.

According to Globes newspaper, a respected Tel Aviv business paper, the plan is already in place and other countries are signing on.

The pipeline will cost $1 billion and it will allow for hundreds of millions of tons of oil to be sent around the world. This is a perfect way to get oil to hard to reach countries that would otherwise rely on the Suez Canal, except that its waters are too shallow to allow for large ships.

India has already signed on. They have committed to 600,000 tons of oil.

singlepost by Hellmutt

Israel wants to transport oil from the BTC pipeline to Middle Eastern countries via Israel. They say the pipeline "will be fully put into operation in the coming weeks".

the idea was to extend the BTC pipeline by an underwater section from Ceyhan to Haifa, the Jewish state's northern port city on the Mediterranean. This is linked to Ashkelon and the Red Sea by Israel's own pipeline system.

But transporting Azeri Light between the two pipelines via tankers may be a more cost-effective scenario, Israeli Ambassador to Azerbaijan Arthur Lenk told UPI.

Originally posted by ThePieMaN
I just fell upon something that would tie into this and it makes a lot of sense.

Villify Iran, cause the UN to set sanctions that would basically cutoff oil to the EU countries and Israel has a ready to go customer base that won't mind paying the slight premium on top of the Skyrocketed prices that will occur from Irans sanctions, that Israel will of course charge by getting it direct from the Mediterranean. Turnkey business with Customers from the get-go and Oil will be at record highs by the time this comes to fruition.

Opinion: Sanctions Would Hurt Europe and Iranians, but not US



Located between the Persian Gulf and the Caspian See, Iran has a geographically strategic position in the Middle East, where much of the world's petroleum and natural gas can be found. Next to Saudi Arabia, the Islamic republic of Iran possesses the second largest oil deposit in the world.

As the fourth largest petroleum producer, four million barrels are turned out every day. Some 2.4 million of these are exported, primarily to Asian countries, which receive 60 percent of Iran's total oil exports. More importantly, petroleum is Iran's principal source of income and crude oil makes up nearly 85 percent of the country's exports.


Consequences for the global economy




Bildunterschrift: Großansicht des Bildes mit der Bildunterschrift: The power intensive auto industry may take a blow if sanctions are enforced
Japan is with 23 percent the largest importer of Iranian oil, followed by China with 12.5 percent. Then come Italy (9.4 percent), France (7.3 percent), India (over 6 percent), South Africa (5.8 percent), South Korea (5.4 percent), Turkey (4.4 percent) and the Netherlands (4 percent).



If petroleum sanctions are enforced, these countries will be affected first. As an alternative, they will try to compensate for the loss of Iranian imports on the world market. But that could make the price of "black gold" explode and a barrel of oil could bring in $100 (78 euros) or more within just a few days.

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Pie