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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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    Where did the Basra-Aqaba oil pipeline project arrive? .. Iraq's ambassador to Jordan clarifies

    Rocky
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    Where did the Basra-Aqaba oil pipeline project arrive? .. Iraq's ambassador to Jordan clarifies Empty Where did the Basra-Aqaba oil pipeline project arrive? .. Iraq's ambassador to Jordan clarifies

    Post by Rocky Thu 02 Dec 2021, 5:29 am

    Where did the Basra-Aqaba oil pipeline project arrive? .. Iraq's ambassador to Jordan clarifies

    •  Time: 02/12/2021 10:42:44
       
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    {Economic: Al-Furat News} The Iraqi ambassador to Jordan, Haider Mansour Al-Adari, announced that the technical discussions related to the project to extend the oil pipeline between Iraq and the Kingdom have entered a "very advanced" and serious stage, in parallel with the discussions to establish the joint industrial zone, in addition to the electrical connection project. The regional projects, which were officially approved within the outcomes of the tripartite Baghdad summit held last June.
    In a press statement, Ambassador Al-Adari revealed the insistence of Iraq and the Kingdom and their keenness to complete the project system away from any "political differences in viewpoints", and within the framework of tripartite regional coordination between Iraq, Jordan and Egypt, stressing that the policy of openness pursued by the Iraqi leadership with the Kingdom in particular The past two years, "ongoing".


    He added: "We work with Jordan in all directions. Each country has its own point of view and orientations in its regional and international relations. Iraq respects Jordan's privacy and its relations with surrounding countries and the countries of the world, as well as Jordan respects Iraq's relations, and this does not prevent the formation of an integrative relationship."
    And the Iraqi diplomat indicated that the coordination of these projects is taking place at a very high level, through the "offices" of the three leaders, Jordan's King Abdullah II, Egyptian President Abdel Fattah El-Sisi, and Prime Minister Mustafa Al-Kazemi, in order to ensure "facilitating any potential obstacles," according to him.
    Regarding the electrical interconnection project with Jordan, Al-Adhari confirmed that it is also witnessing progress, as is the joint industrial zone, where a company has been assigned to conduct a feasibility study and submit recommendations for it, to the relevant ministries on both sides.
    During his speech, Al-Adhari suggested that other advanced steps would be taken regarding the oil pipeline in the next stage, specifically after the formation of the new Iraqi government, as an entitlement after the announcement of the results of the Iraqi elections.
    According to Al-Adhari, since the Council of Ministers approved the pipeline project months ago, the Iraqi government has received offers from companies interested in implementing it and it is under study, and he said: "We look forward to referring the project for implementation to the best companies."
    The project, which extends from Basra to Aqaba and extends about 1,700 kilometers, is a new outlet for Iraq, "and an opportunity to diversify its sources in exporting Iraqi crude oil," according to Al-Adhari, a project that was agreed upon in 2013.
    He added, "After the completion of the pipeline, it will be linked with Egypt within the tripartite coordination, as is the electrical linkage project between Jordan and Iraq, specifically in the western region. It will also be linked with the Republic of Egypt."
    The Iraqi Oil Ministry said in a statement a few days ago that the project aims to add economic value to Iraq and Jordan, provided that implementation costs are reduced to less than $9 billion.
    Iraq provides Jordan with 10,000 barrels of crude oil per day at preferential prices, and a total of 840,000 during the past three months, according to official Jordanian government statements, a process that is carried out under a recently renewed memorandum of understanding concluded in early 2019.
    Regarding the border industrial zone to be established near the Iraqi Trebil crossing and the Jordanian Karama (with an estimated area of ​​4800 dunums), Al-Adhari indicated that it will include an industrial city and two “free” zones, in order to serve industrial companies and factories, and added: “This is a strategic development project that will benefit both countries, Especially since Iraq is not a member of the World Trade Organization, while Jordan is a member of it."
    The volume of trade exchange between Iraq and Jordan decreased, due to the restrictions of the Corona pandemic, during the year 2020 to not exceeding 450 million Jordanian dinars, while it was recorded about two years ago, approximately one billion Jordanian dinars, according to Al-Adari.
    The Iraqi diplomat considered that this was "less than hoped", but he explained that the commercial movement did not stop for a day, even with the closure of the borders to travelers, and that it was limited to transporting goods according to the system of unloading goods and reloading them in a common area without truck drivers entering the territories of the two countries. Allow direct handling and entry for drivers since last September.
    Among the supporting facilities, the embassies of the two countries were allowed to grant visas to truck drivers for a period of 6 months, according to Al-Adhari, and he said, "The routine has been exceeded in this process. Now there are powers for the two embassies to issue visas within two or three days."
    The value of Iraqi investments in the Kingdom is estimated at about $18 billion. Al-Adhari said that there are continuous efforts to overcome obstacles facing Iraqi investors by strengthening communication between the Jordanian authorities and investors.
    Al-Adhari said: "The embassy is interested in supporting Iraqi investors in Jordan, and overcoming obstacles in front of them by forming a working team headed by me, and the membership of a number of heads of the concerned departments in the embassy to be a link between Iraqi investors and the competent Jordanian authorities. We look at the creation of a Jordanian Ministry of Investment in amending the government Al-Khasawneh's recent announcement that it is a positive message and a real desire by the Jordanian government to support investment and create the appropriate atmosphere for it.
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