Baghdad agrees to the oil pipeline project at a cost of 5.6 Jordanian Alaraca- billion

Baghdad agrees to the oil pipeline project at a cost of 5.6 Jordanian Alaraca- billion


 Baghdad / term

At a cost of $ 5.6 billion , the light may see soon, the draft Iraqi oil pipeline - Jordan, where he announced that the Ministry of Oil, on Monday, Iraq 's cabinet approved in principle to his residence, and ensure that the project pipeline transport extracted crude oil from the fields of Basra, south of Iraq, to the city of Aqaba in southern Jordan, the area extends a distance of $ 1700 km, through two phases, the first extending from Basra to Haditha in western Iraq, and the second stretch that ends in the port of Aqaba for the export of oil to the rest of the world.
Undersecretary of the Ministry of Oil Zia Jaafar said in a press statement yesterday, the third Jordanian International Summit Energy sidelines, said that the Iraqi Council of Ministers agreed in principle to the establishment of the oil pipeline project Jordanian Alaraca-, and meetings will be held between the two countries next week, about the estimated project cost about 5.6 billion.
He added Jaafar, the Iraqi government has stepped up its efforts with the company invested in the oil pipeline project, was reached with agreement on technical issues and economic issues in addition to determining the price of the tariff and the total costs of the project.
And transmits the first part of the pipeline project about 2.25 million barrels of oil per day, while the total quantity of oil that will reach the port of Aqaba through the tube million barrels per day, will be transferred 850 thousand barrels, to the Jordan Petroleum Refinery, in addition to another pipeline to transport 100 million cubic meters per day, of Jordan it will use gas to produce electricity. The expected completion of the implementation of the project in 2017, estimated the last cost of about 18 billion Dolar.oukal Jaafar, said that the meetings will be held between the Iraqi Oil Ministry officials and legal department in the Iraqi counterparts the Council of Ministers, in Jordan next week to review the Memorandum of Understanding previously signed between the two countries under the previous government, in addition to the possibility of amendments to some of the "things" in the Convention by the new developments.
He said Deputy Oil Minister Dia Jafar, that after working on a review of the memorandum and install approved between the Jordanian and Iraqi sides, will "restore contact with the Iraqi Council of Ministers and the investor to sign the contract the ultimate picture, expected at the same time, to be completed procedures during the next two months to work on signing The final contract and follow up the implementation of the project.
among Jafar, that the final cost of the project of the Iraqi oil pipeline - Jordan, will be worth $ 5.6 billion borne by the investor, which will recover its costs through wage to be paid by the Iraqi government, noting that the project for 25 years.
began in The Jordanian capital , Amman, last Sunday, the third Jordanian International Summit Energy, two - day visit, organized by the Ministry of Energy and Mineral Jordan and wealth, with the participation of ministers and representatives of the sector from about 45 Arab and foreign countries, including Morocco business.
The Iraq and Jordan were held in 22 -11-2016, a new round of talks on extending an oil pipeline between the two countries after postponed earlier, due to security risks rising under the difficult circumstances that Iraq is going through at the present time.
the Jordan and Iraq signed in ( the ninth of April 2013), under the Convention to extend the pipeline with a length of 1700 km, stretching from Basra to Aina Aqaba, with a capacity of one million barrels per day, and the cost of about $ 18 billion.


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