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announced the Jordanian Royal Court on Friday, details of King Abdullah II and Iraqi President Barham Saleh talks, as he emphasized the need to strengthen economic cooperation, especially to extend an oil pipeline from the city of Basra to the Jordanian port of Aqaba on the Red Sea.
The Jordanian monarch and the Iraqi president agreed during their talks in Amman to "expand cooperation between Jordan and Iraq in various fields, especially economic, trade, investment, energy and transport," the statement said.
The two sides stressed the need to proceed with the implementation of a number of joint economic projects, especially the oil pipeline from the city of Basra to the port of Aqaba and the rehabilitation of the road between Amman and Baghdad and the establishment of a joint industrial zone on the border between the two countries.
The pipeline is supposed to transport crude oil from the giant Rumaila field in Basra, southern Iraq, to export ports in the Jordanian port of Aqaba, providing Jordan with part of its oil needs.
For his part, Saleh said during the talks that "the implementation of the project is strategic for Iraq."
In April 2013, Jordan and Iraq signed a framework agreement for a 1700 km pipeline project to transport Iraqi oil to Jordan at a cost of about $ 18 billion and a capacity of 1 million barrels per day.
Iraq, which has the world's third largest oil reserves, estimated at 143 billion barrels, after Saudi Arabia and Iran, hopes that building the pipeline will increase its oil exports and diversify its ports.
Jordan, which imports 98 percent of its energy needs, hopes the pipeline will meet its crude oil needs of around 150,000 bpd and get 100 million cubic feet of natural gas a day.
The two countries are linked to a previous agreement that would supply Jordan with about 30,000 barrels per day of Iraqi crude oil, in addition to 1,000 tons of heavy fuel, but the deal is stalled as a result of deteriorating security conditions in Iraq.
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