[size=36]Jordanian Energy Minister: Baghdad approved the framework agreement for the transfer of Iraqi oil from Basra to Aqaba[/size]
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, the Jordanian Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh announced, on Monday, the approval of the Iraqi Council of Ministers on the framework agreement for a project to build a pipeline to transport Iraqi crude oil from Basra to the Jordanian port of Aqaba on the Red Sea.
Kharabsheh said, according to a statement issued by the Jordanian Ministry of Energy, that his Iraqi counterpart, Ihsan Abdul-Jabbar, informed him, during a phone call, of the approval of the Iraqi Council of Ministers on the framework agreement for the project to build a pipeline to transport Iraqi oil to the port of Aqaba, and authorizing him to complete the necessary procedures for its signature.
Kharabsheh indicated that he agreed with Abdul-Jabbar to direct the technical and legal teams to lay the pipeline, to complete the necessary procedures to sign the agreement.
The two ministers agreed on the need to build on the outcomes of the fourth Jordanian-Egyptian-Iraqi tripartite summit, which was held last June in Baghdad, with the participation of Jordanian King Abdullah II, Egyptian President Abdel Fattah El-Sisi, and Iraqi Prime Minister Mustafa Al-Kazemi.
The project comes within the framework of consolidating bilateral relations between Amman and Baghdad, and expanding horizons of bilateral cooperation, by opening a new outlet for Iraqi oil exports, according to which Jordan will be granted the right to purchase 150,000 barrels of oil per day, to be refined at the Zarqa oil refinery.
The project is to build a pipeline to transport Iraqi crude oil and its accessories with a design capacity of one million barrels per day, from Basra to Aqaba, with a length of about 1665 km, to export Iraqi crude oil to international markets.
The cost of implementing the project is estimated at about 7-9 billion dollars, according to the estimates of the Iraqi side of the project. Ended 29 / h