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Jordanian king meets with ministers of Iraqi oil and the Egyptian extend an oil pipeline distinctive
16 2 October / November 2015
Expressed Jordan's King Abdullah II, his country is looking forward to the completion of a project to extend the Iraqi crude oil pipeline, from the ports of Basra, far south of Iraq, to export terminals in the port of Aqaba, the far south of the Kingdom on the Red Sea coast.
According to a statement of the Office of the Jordanian Royal, see the "light News" today, he said that "King Abdullah expressed, during a meeting in the Palace of Husseiniya, Sunday, Iraqi Oil Minister Adel Abdul-Mahdi, and the Minister of Petroleum and Mineral Resources of the Egyptian Tarek Al-Mulla, Jordan wanting to complete a project to extend Iraqi oil tube sperm residence between Basra and Aqaba down to the land and the Egyptian coast. "
He stressed "the need to take advantage of Jordan's position as a corridor strategic power in the region," stressing "the importance of such projects to link the interests of the Arab countries and peoples, and to mitigate the challenges faced in the energy sector, with whom the other vital sectors of the economy."
The statement pointed out that "the Jordanian monarch listened during the meeting, to explain about the project to extend the oil pipeline, and future plans to accomplish it."
Jordan and Iraq signed in (April 9, 2013), agreement to build the pipeline with a length of 1700 km and is estimated to cost about $ 18 billion and with a capacity of one million barrels per day, as the pipeline will crude oil from the giant Rumaila field in Basra (545 km south of Baghdad) to export terminals in the port of Aqaba (325 kilometers) south of Amman.
Iraqi officials are hoping that an oil production 9 million barrels a day by 2017, compared to about 3.5 million barrels per day on average current, which is a very optimistic goal, according to the International Monetary Fund and the International Energy Agency, with the Kingdom of Jordan, which imports 98% of its needs from hopes Energy from the outside to lead the construction of the pipeline to increase its oil exports and diversify outlets.
It is worth mentioning that Iraq has the third largest oil reserves in the world is estimated at 143 billion barrels after Saudi Arabia and Iran, as Iraq was providing Jordan quantities of oil at preferential prices and free again in the era of the former Iraqi r
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