Jordan, Iraq discuss Basra-Aqaba oil pipeline | Business | Ammon News

Jordan, Iraq discuss Basra-Aqaba oil pipeline

[5/22/2017 10:21:54 AM]

AMMONNEWS - Minister of Energy and Mineral Resources Ibrahim Saif discussed with Iraqi Oil Minister Jabbar Al Luaibi a project to construct an oil pipeline between Iraq and Jordan to export Iraqi crude oil via Jordan and provide the Kingdom with its oil needs.

Saif said that a Jordanian technical team will hold meetings on June 7-8 to finalize the project's agreements.

The project will provide Jordan with 150,000 barrels of oil per day, out of 1 million barrels that will be exported through Aqaba.

Jordan, Iraq and Egypt signed in November 2015 a memorandum on the $5.6 billion project.

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