Iraqi oil pipeline to save Jordan petroleum refinery $300mln annually | Business | Ammon News



Iraqi oil pipeline to save Jordan petroleum refinery $300mln annually


[3/6/2013 12:00:00 AM]

AMMAN (Petra) - Chief Executive of the Jordan Petroleum Refinery Company, Abdul Karim al-Alaween, on Tuesday said that the Iraqi oil pipeline, Basra-Aqaba, will reduce the cost of Jordan's oil bill by $200 to $300 million a year.

He told Petra that the pipeline, which will pass through Jordanian territory, will provide a direct source of oil for the refinery at competitive prices.

Speaking on another issue, Al-Alaween said that the cost of importing and refining crude oil is much lower than importing ready oil derivatives.




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