AMMAN —
Minister of Energy and Mineral Resources Saleh Kharabsheh announced on Monday the Iraqi government’s approval of
the pipeline project agreement aimed at transporting Iraqi crude oil from Basra
to the Aqaba port, according to a local media outlet.
اضافة اعلان
Kharabsheh said that his Iraqi counterpart, Ihsan
Abdul-Jabbar, informed him in a phone call that "the Iraqi Cabinet
approved the agreement and authorized him to complete the necessary procedures to
sign the agreement."
The two ministers agreed on the need to capitalize on the
outcomes of the fourth Jordanian-Egyptian-Iraqi tripartite summit, which was
held in June of 2021 in Baghdad, with the participation of His Majesty King Abdullah
II as well as the Iraqi Prime Minister
Mustafa Al-Kazemi, and the Egyptian
President
Abdel Fattah El-Sisi.
The pipeline project seeks to serve
the common interests of the two countries through opening a new outlet for
Iraqi oil exports, whereby Jordan will be granted the right to purchase 150,000
barrels of oil per day to be refined at the Zarqa oil refinery.
The project involves building a 1,665km
long pipeline to transport Iraqi crude oil with a capacity of one million
barrels per day from
Basra to the Aqaba port and from there to the global
market.
The cost of implementing the project is estimated at about $7–9 billion, according to the estimates of the Iraqi side of the project.
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