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. Construction should take 3–5 years once funding is secured, Ouji said.

Syria 199

Syria Iraq Iran Lebanon 199

Green Car Congress

DECEMBER 31, 2011

million-bbl/d Tapline to Lebanon. Use of the alternate routes would increase the cost of transportation. Other alternate routes could include the deactivated 1.65-million million bbl/d Iraqi Pipeline across Saudi Arabia (IPSA), and the deactivated 0.5

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