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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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    Jordanian-Iraqi agreement on 'joint projects'

    Rocky
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    • Post n°1

    Jordanian-Iraqi agreement on 'joint projects' Empty Jordanian-Iraqi agreement on 'joint projects'

    Post by Rocky Thu 15 Nov 2018, 2:15 pm

    [size=40]Jordanian-Iraqi agreement on 'joint projects'
    15 November, 2018


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    Jordanian monarch and Iraqi president during a meeting in Amman

     
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    Jordan's King Abdullah II and Iraqi President Barham Salih on Thursday stressed the importance of extending an oil pipeline from Iraqi Basra to Jordan's Aqaba.
    The two sides stressed "the need to proceed with the implementation of a number of joint economic projects," which is the oil pipeline in the forefront.
    According to a statement issued by the Royal Court of Jordan, the King held talks with the Iraqi President during which they agreed to "expand cooperation between Jordan and Iraq in various fields, especially economic, trade, investment, energy and transport."
    Despite the signing of an agreement for the pipeline project since the beginning of the second quarter of 2013, the project has not yet seen the light.
    It is supposed to be a pipeline length of 1700 km to transport oil at a cost of about $ 18 billion and a capacity of one million barrels per day, in order to transport oil from Rumaila field in Basra and export through the ports of Aqaba.
    Iraq, which has the world's third largest oil reserves of 143 billion barrels after Saudi Arabia and Iran, is seeking to build its oil exports and diversify its pipeline.
    Jordan, which imports 98 percent of its energy needs, wants the pipeline to meet its crude oil needs of around 150,000 barrels per day and 100 million cubic feet of natural gas per day.
    The two countries are linked to a previous agreement that would supply Jordan with 10,000 barrels per day of Iraqi crude oil, which would then rise to 15,000 barrels, then 30,000 barrels and 1,000 tons of heavy fuel, but the deal was suspended as a result of deteriorating security conditions in Iraq.


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