Iraq agrees “officially” on an oil pipeline across Jordan
Iraq agrees “officially” on an oil pipeline across Jordan
02.16.2014 (0:01 pm)
Baghdad / term
Reported Transport Minister Hadi al-Ameri, on Saturday, Jordanian Prime Minister Abdullah Eagles approval of his government officially pipeline to transport Iraqi crude oil from Basra, southern Iraq, to the export ports in the port of Aqaba, the extreme south of the Kingdom on the Red Sea coast, according to the reported Jordanian official source.
The agency quoted the official Jordanian news for Ameri saying “the line will be implemented by major companies specializing in this field.”
For his part, stressed the Eagles’ Jordan’s keenness to strengthen its relations with Iraq in various fields to serve the interests of the two countries and peoples, “adding that” Jordan been engaged in the internal affairs of Iraq and the interest that Iraq remains stable and united. ”
The two countries signed last April a framework agreement to build the pipeline with a length of 1,700 kilometers and is estimated to cost about 18 billion dollars and with a capacity of one million barrels per day. The pipeline will carry crude oil from the giant Rumaila field in Basra to the export ports in the port of Aqaba. And Iraqi officials hope that total oil production of nine million barrels per day by 2017, compared to 2 to 2.5 million barrels per day, an average current, an objective very optimistic, according to the International Monetary Fund and the International Energy Agency.
hopes Iraq, which has the third largest oil reserves in the world An estimated 143 billion barrels, after Saudi Arabia and Iran, the lead construction of the pipeline to increase its oil exports and diversify its ports, hoping Kingdom, which imports 98% of its energy needs from abroad, in the lead extending this pipeline to secure its crude oil, amounting to about 150 000 barrels per day.
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