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Jordan announces the construction of an oil pipeline from Basra to Aqaba

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Jordan announces the construction of an oil pipeline from Basra to Aqaba Empty Jordan announces the construction of an oil pipeline from Basra to Aqaba

Post by rocky on Thu 17 Oct 2019, 2:46 am

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Jordan announces the construction of an oil pipeline from Basra to Aqaba
October 17, 2019


Basra pipeline to Aqaba port will be 1700 km long (Facebook)


Ultra Iraq editorial team
Jordanian Minister of Energy and Mineral Resources Hala Zawati announced the import of 10,000 barrels of oil a day from Iraq, while noting that the next step will see the start of a pipeline from Basra to the port of Aqaba with a length of 1700 km and a period of work up to four years.
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Jordanian Minister of Energy: The next step will see the start of a pipeline from Basra to the port of Aqaba with a length of 1700 km

Zawati said in press statements and followed by "Ultra Iraq", "Jordan since last month began to buy Iraqi oil at the price of Brent and minus the cost of transport and specifications for that oil," noting that "her country has signed an agreement with Iraq to invest in the purchase of that oil in the coming period."
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She added that "the next step will see the start of a pipeline from Basra to the port of Aqaba with a length of 1700 km and a period of work up to four years will extend through Haditha to the port of Aqaba to be a guarantor to export Iraqi oil to some countries through that port with the possibility of Jordan to buy the amount of oil scheduled Exports amounting to one million barrels per day, and then the government of Oman can buy 150 thousand barrels of them to meet their needs. "
The estimated value of the oil pipeline project between Jordan and Iraq is $ 18 billion, according to the Iraqi Minister of Industry, the pipeline linking Basra through Anbar to the port of Aqaba in Jordan.
Iraq  [You must be registered and logged in to see this link.]   in January to provide Jordan with 10,000 barrels of oil per day of Kirkuk crude, according to a price formula linked to the price of Brent crude minus transport costs and differing specifications.
It is noteworthy that in return for providing Jordan with 10,000 barrels of oil will be the facilities of the Jordanian side to reduce fees and interest on Iraqi goods,  [You must be registered and logged in to see this link.]  .
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The Jordan-Iraq oil pipeline project is valued at $ 18 billion

While  [You must be registered and logged in to see this link.]  the  Hashemite Kingdom of Jordan, by extending the pipe to meet the needs of crude oil , which is currently imported from Saudi Arabia, world prices by ships, tankers and transported from Aqaba south to the only oil refinery in the country , located in the city of Zarqa, east of the capital Amman.
 

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