Iraqi oil projects company issues clarifications on Jordan-Iraq pipeline project

1. Jordan-Iraq Pipeline (Shutterstock)
The Iraqi Ministry of Oil on Friday issued a statement to clarify some points regarding the Jordan-Iraq Oil Pipeline Project. (Photo: Shutterstock)
AMMAN — The Iraqi Ministry of Oil on Friday said that the Jordan-Iraq Oil Pipeline Project is estimated to cost no more than $9 billion, according to Khaberni News.اضافة اعلان

The ministry recently released a statement to clarify some points regarding the project.

The State Company for Oil Projects (SCOP) denounced and condemned inaccurate and biased statements targeting the oil pipeline project planned to be built between Jordan and Iraq, according to the ministry’s statement, which added that politicians and economists who have been talking about the project lack accurate information or hide the truth to serve personal agendas, in the process harming the public interest.

In order to clarify things, the SCOP highlighted the following points: the project dates back to 1983; it aims to increase oil exports on the southern route to reach up to 3–6 million barrels per day, to fulfill the demands of the international oil market, and seeks to establish an alternative export route with a capacity of 1 million barrels per day; the project is considered an economic, development, and strategic investment aiming to enhance economic ties with neighboring countries in the region, and intends to serve mutual interests to bring about more stability and boost relationships in various fields; it provides crude oil for refineries in center and southern Iraq, and increases the export capacity on the northern route and south, through the Aqaba Port, intended for European and African markets; the estimated cost of the project will not exceed $9 billion; the project is under study and analysis and has not been given to any company to submit tenders, yet.

The SCOP called on media outlets to present their message in a professional and ethical way, to avoid spreading inaccurate information that could mislead the public.

It also urged the relevant authorities to have national interests as their top priority when addressing oil affairs, and the country as a whole to support the ministry’s plans, for a better future for the people.

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