Green Car Congress

JULY 26, 2011

Iran, Iraq, and Syria have signed a deal for the construction of the Middle East’s largest gas pipeline, which would carry gas from Iran’s South Pars gas field to Europe via Iraq, Syria, and Lebanon and beneath the Mediterranean Sea. Iraq has said that it needs 10 to 15 million cubic meters of Iranian gas per day.

Syria 199

Syria Iraq Iran Lebanon 199

Green Car Congress

DECEMBER 31, 2011

The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. million-bbl/d Tapline to Lebanon. Use of the alternate routes would increase the cost of transportation. million bbl/d in 2009-2010. Other alternate routes could include the deactivated 1.65-million

Oil 297

Oil Panama Saudi Arabia United Arab Emirates 297

Green Car Congress

AUGUST 13, 2015

Each producer, therefore, is incentivized to undercut other producers directly (price per barrel) or indirectly (absorbing shipping cost or delivery risk) to win sales in Asia (or displace incumbent suppliers in other major markets). National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150