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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Three companies compete for the implementation of the Iraqi-Jordanian oil pipeline project

    Rocky
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    Three companies compete for the implementation of the Iraqi-Jordanian oil pipeline project Empty Three companies compete for the implementation of the Iraqi-Jordanian oil pipeline project

    Post by Rocky Tue 23 Jan 2018, 2:53 am

     Three companies compete for the implementation of the Iraqi-Jordanian oil pipeline project













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    A Jordanian newspaper revealed on Tuesday that three competing for the implementation of the Iraqi-Jordanian pipeline project, which will extend from Basra to the port of Aqaba. 
    Al-Ghad newspaper reported in a report read by "Economy News" that "the parliamentary energy committee submitted to the Economic Committee in the Iraqi Council of Ministers the project of Iraqi-Jordanian oil pipeline, which will extend from Basra to the port of Aqaba." 
    The newspaper quoted a member of the Committee, the Iraqi MP Zaher Abadi, said that "the relevant committees for this project has been formed, has been submitted to him and was referral," noting that there are 3 companies compete for the project after it was 35 companies. 
    He explained that the "contract project" has not been signed so far, and we hope that it will be signed in the coming days, after the completion of the Economic Committee of the Council of Ministers of the process of ratification and approval to enter into force.
    He explained that the "oil pipeline project" was divided into two phases, the first from Basra to Najaf city, and then from Najaf to Aqaba, south of Jordan, noting that "the project in the part extending from Najaf to Aqaba" referred to the " (3.19) per barrel and offered the referral to the Council of Ministers and was ratified several months ago and did not sign the contract so far. 
    "He added," The part of the extension of Basra - Najaf has submitted several companies to him but is likely to be referral to a coalition, "There are now negotiations to determine the tariff rate."
    Abadi pointed out that the mechanism of work of the project is that "Iraqi oil exports from the fields of Basra through the Iraqi territory and to the Kingdom to the port of Aqaba," explaining that Jordan "will spend money for oil passing through its territory, and these amounts used by Jordan to pay Iraqi oil Which imports from Iraq at a preferential price, and cost the Kingdom billions of dollars annually. 
    "In the case of increased transit amounts for the amounts of oil imported to Jordan from Iraq, Jordan will receive the remaining money for the cost of transporting oil through the territory of Jordan (transit), and this project will" provide Jordan with freight transport by trucks that were carrying oil To the Kingdom. "
    Abadi said that Iraq is keen to develop its relations with the Kingdom, as this is a pipeline of strategic projects between the two countries, which is expected to contribute to expand the horizons of economic relations, and provides additional employment opportunities and develop the economic reality and living thanks to economic imports of both countries, Iraq, which is witnessing an increase in its oil exports, "needs multiple outlets linking its oil to global markets."
    On the other hand, oil sources confirmed that the project pipeline from Basra to Aqaba, "is an investment project primarily, and a consortium of companies to create and spend it and then recover part of its investments after the operation," adding that "Iraq will not spend on this project any money, Which is extending the pipeline. The agreement includes supplying Jordan with a portion of the quantities of oil passing through its suburbs at the prevailing price and according to its needs. The other part of the oil goes to export, which confirms that it will be a strategic line that is hoped to reach North Africa via Egypt. 
    The cost of the pipeline project Basra - the final obstacle estimated at 18 billion dollars, and extends 1,700 km, the amount of oil that will reach the port of Aqaba through one million barrels per day, to be converted 850 thousand barrels to the Jordanian oil refinery, and 150,000 barrels covering Local Jordanian Needs.






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