Home
Oil plans to construct a pipe linked to northern Africa
3/6/15
BAGHDAD / Obelisk: place the Iraqi Oil Ministry intensive talks with a number of global investment firms and competent, which will extend an oil pipeline linking Iraq, the countries of North Africa through Jordan and Egypt, in a move economists believe it will help strengthen Iraq's financial resources, and increase the export of oil ports, and expand common interests circle with countries in the region and beyond.
A spokesman for the Iraqi Oil Ministry, said Assem Jihad, on Friday, said that "the talks conducted by the ministry, concentrated with investment companies that have the financial capacity for implementation and financing of this strategic pipeline, which will open a new chapter for the Iraqi oil exports to Africa," noting that " the completion of the project could take five years. "
Jihad believes that "the project's economic importance in terms of the need for a competent international companies in this type of oil investment, which has experience in a project of this kind will have positive repercussions not only on Iraq, but also states that the tube passes through its territory, specifically Jordan and Egypt, where the project will increase the opportunities for economic cooperation between the three countries, and provides significant revenue for their budgets. "
He announced that "many international companies discussions have been held with them, made their offers and proposals being considered by experts in the ministry, they see that the project size and distance that Siktaha and adoption of the latest technologies adopted in this area, from the export activity of oil and method of work and huge funds needed, things require planning and implementation of a lesson and an exceptionally. "
Jihad and stressed that "no agreement has yet to be with a particular company to implement the project, and that there is a great need for the availability of a safe environment for its implementation as the modern area in al-Anbar, which will be the starting point of the tube, this time living off exceptional because of the presence of terrorism in it."
He focused spokesman for the Iraqi Ministry of Oil on the economic dimension of the project, saying that "the project will provide added new economic strength, and strengthens its relations with Jordan and Egypt, and raise the volume of transactions in different sectors, in addition to the operation of labor and the use of local expertise in the respective countries, regardless of their companies investment is executing the project. " "The fact that Iraq is heading toward further steps that will open up new avenues for investment, including seeking to invest in the refinery sector, which will have a great importance in providing hard currency allocated by Iraq to import part of its needs of oil derivatives."
The Iraqi Oil Ministry recently announced in a statement, that Iraq sought to export its oil to North Africa through Jordan and Egypt, while the Ministry of Energy of Jordan and Mineral Resources, stressed the importance of cooperation in the implementation of joint projects between the three countries in the field of oil and natural gas, for its role in strengthening the strategic energy security where.
He ministry's statement that the Iraqi Oil Minister Adel Abdul-Mahdi, finally agreed with his Jordanian counterpart Mohammad Hamid, on the export of oil to North Africa through the gate of Egypt, also quoted the Jordanian minister as saying during a meeting with Egyptian Oil Minister and Mineral Resources Sherif Ismail, that Jordan will cooperate with Egypt and Iraq in the fields of oil, natural gas and transfer mechanisms, especially after the conclusion of a memorandum of understanding in this area, as Hamid stressed the importance of accelerating the implementation of the oil pipeline between Jordan and Iraq and piped to Egypt as a gateway to the Arab Mashreq countries of North Africa.
[You must be registered and logged in to see this link.]
