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Oil: export line through Jordan would Card million barrels of Iraq and opens North African markets
2015/11/17
, Confirmed the Oil Ministry, said Tuesday that the tube exports through Jordan and Egypt believes a new market of Iraq, North Africa, indicating that it will be a length of 490 km and energy guardian of one million barrels per day, and is implemented through investment and "will not cost" Iraq any sums of money, while revealed Ministry of Energy and Mineral Resources of Jordan, the Iraqi government approved an additional path for the implementation of the project is situated near the Saudi border, and reduced line distance carrier, which reduces the cost, usually it constitutes one of the objectives of the joint Arab action.
A spokesman for the Oil Ministry, Assem Jihad, said in an interview to the (long-Presse), "The Oil Minister Adel Abdul-Mahdi, signed a memorandum of understanding with the Egyptian and Jordanian counterparts in Oman, to strengthen the mutual cooperation between the three countries in the fields of oil and gas through the pipeline for export of Iraqi territories to the Jordanian port of Aqaba ", noting that" the project is a new outlet for Iraq contribute to raising export capacity, and securing new markets for him in North Africa through Egypt. "
Jihad said, "The work on the project will begin mid-year next 2016 that ends after three or four years," adding that "the line will be 490 km long, with an initial capacity of one million barrels per day, of which 150 thousand to meet the needs of Jordan."
He explained a spokesman for the Ministry of Oil, "The project will be implemented by investing Iraq will not pay any amounts in this regard," pointing out that "companies and several banks will finance a global project, that the amounts deducted after the operation."
In turn, the Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, in a press statement followed up (range Press), "The Iraqi government approved an additional path for the implementation of the project is situated near the Saudi border, the project provided the new features most notably the reduction of the line distance carrier of crude oil, which reduces project cost It is one of the objectives of the joint Arab action and in the interest of our brothers. "
The Jordanian monarch, King Abdullah II, confirmed yesterday the first Sunday, (the 15th of November the current 2015), that his country looks forward to the completion of the Iraqi crude oil pipeline, from the ports of Basra, to the ports of export in the port of Aqaba, on the Red Sea coast.
Jordan and Iraq signed in (the ninth of April 2013), the framework to extend the pipeline with a length of 1,700 km and the agreement is estimated to cost about $ 18 billion and with a capacity of one million barrels per day.
The pipeline will carry 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, Jordan).
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