AMMAN —
Iraq has officially announced on
Sunday the postponement of the Basra-Aqaba oil pipeline deciding to refer the
matter to the next Iraqi government, Al-Rai daliy reported.
اضافة اعلان
The announcement came during a press conference held
by the Iraqi ministry of oil to clarify a number of facts about the details
of and controversies surrounding the
project.
The ministry stated that the project remains under
technical review and that no contracts were signed with any entity.
The ministry explained that the cost of the project
is expected to around $8.5 billion and that there are no refining facilities or
petrochemical installations in Jordan that Iraq is financing currently.
The ministry also pointed out that what has been
approved by the Iraqi prime ministry is a strategy and a roadmap for the
implementation of the project.
Total capacity of the pipeline network inside and outside
Iraq is expected to reach 3 million barrels per day with a minimum pumping
output of 200,000 barrels per day. The 1,665km-long
Basra-Aqaba pipeline will
have a daily capacity of one million barrels.
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