Oil: near the conclusion of a project to extend the raw tube (Basrah - Aqaba)

Oil: near the conclusion of a project to extend the raw tube (Basrah - Aqaba)




05/03/2017 0:00

Leave the first shipment of Iraqi oil Egypt towards
Baghdad / Tariq al - Araji ,
said the Ministry of Oil , near the signing of a contract with advanced companies to invest D pipeline project crude oil (Basrah - Aqaba port).
This comes at a time when the ports in Basra left loaded with two million barrels of Iraqi oil out of the 12 million Egyptian oil tanker according to the contract between the two sides.
Said ministry spokesman Assem Jihad in a statement the "morning": that his ministry had the final stages of negotiations with a coalition of advanced companies to invest a project D pipeline transporting crude oil (Basra - Najaf - obstacle), hoping that witness the next few period to conclude contracts operations for direct implementation, noting that the pipeline will extend to the north of the African continent in the future.
The transfer project extracted crude oil from the province of Basra , the southern Iraqi oilfields to the port city of Aqaba in the south of the Kingdom of Jordan, will extend for a distance of 1700 kilometers through two phases, the first stretch of Basra to a modern city in the west of the country, and the second extends to the port city of Aqaba to be exported oil of them to the rest of the world, and will carry the first part of the tube about 2.25 million barrels of oil per day, while the amount of oil that will reach the port of Aqaba through the tube million barrels per day will be transferred 850 thousand barrels of them to the Jordan Petroleum refinery.
On the other hand, Jihad said that the Egyptian tanker left port in Basra, loaded with two million barrels of Iraqi oil out of the 12 million according to the contract concluded between the two sides, noting that an agreement signed between Iraq and Egypt spends the final processing of 12 million barrels of crude oil according to international prices .
He expressed his hope that reach the first shipment amounting to two million barrels to Egypt in the 12th of this month after leaving the tanker southern port city of Basra, adding that the number of shipments that will arrive in Egypt amounting to six shipments by two million barrels per shipment and throughout the year, noting that the payment of the amounts of such shipments will be within 90 days.
The Saudi Arabia has agreed to supply Egypt oil products refined for a period of five years, under an agreement worth $ 23 billion between Saudi Aramco and the Egyptian General Petroleum Corporation, and Saudi Arabia , the company stopped the oil supply following a dispute between the two countries, to resume supply before briefly.

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