Jordanian Energy Minister: We will sign an agreement with Iraq to build the oil pipeline Basra - AqabaBy yota691
Published: Thursday - 2019-07-11 - 02:08 Last modified: Thursday - 2019-07-11- 02:17 980 Zawati: The start of the transfer of Iraqi oil to the Kingdom at the end of this month Follow @alrai Amman - Al-Rai Minister of Energy and Mineral Resources Hala Zwati said that the process of transporting 10,000 barrels of oil per day from Iraq will begin before the end of this month.
The minister's statement came during talks in Baghdad with Iraqi Oil Minister Thamir al-Ghadhban during which they discussed bilateral cooperation relations, especially the developments of Iraq's oil export pipeline through the port of Aqaba.
Minister Zuwati briefed the Minister on the presence of the Kingdom's ambassador to Iraq, Montaser Al-Aqla, on the decision of the Iraqi Council of Ministers to approve a draft pipeline for the export of Iraqi oil from oil fields in Rumaila in Basra to the port of Aqaba through the Jordanian territories.
Minister Zwati stressed the importance of the decision of the Iraqi Council of Ministers to approve the project, which transfers about one million barrels of oil per day from the city of Basra for export through the port of Aqaba on the Red Sea.
Zuwati said that the approval of the Iraqi Council of Ministers will be followed by the signing of an agreement between Jordan and Iraq and then start the implementation of the pipeline project, which will extend from the city of Basra and branch to the oil refinery in the city of Zarqa through the Kingdom's land to the port of Aqaba and to the international market.
She pointed out that Jordan and Iraq agreed during the ministerial meeting held in Baghdad early this year headed by the two prime ministers to move forward with the project which serves the interests of the two brotherly peoples by opening a new port for Iraq's oil exports and granting Jordan the right to buy 150,000 barrels of oil per day through the pipeline Which is estimated to cost about 5 billion dollars.
Zwati praised the brotherly ties between Jordan and the Republic of Iraq, especially in the energy field, stressing the importance of joint projects in the service of the two countries and the interests of the two brotherly peoples.
Iraqi Prime Minister Adel Abdul-Mahdi announced Tuesday that the Iraqi cabinet has approved the Iraqi-Jordanian pipeline project, stressing that any impediment to the export of oil through the Strait of Hormuz will affect the Iraqi economy, which depends on oil imports and the Council of Ministers is considering alternatives to find different paths And diversified to ensure the continuation of the movement of Iraqi oil exports in a streamlined manner.
For his part, Deputy Prime Minister for Energy and Minister of Oil Thamer Ghadhban said that the Cabinet approved the project of export (Rumaila - Aqaba) capacity of one million barrels per day through the implementation of a pipeline project to transport crude oil from oil fields in Rumaila Basra to the port of Aqaba on the sea the Red.
The Jordanian and Iraqi sides agreed at the end of talks for the two prime ministers of the two countries on February 2 to start studies necessary for the construction of Iraqi-Jordanian oil pipeline, which runs from Basra through Haditha and then to the port of Aqaba.
On the other hand, the two sides discussed the latest developments in supplying Jordan with about 10,000 barrels of crude oil per day.
In January, Iraq agreed to supply Jordan with Kirkuk crude from the Baiji plant in accordance with a price formula linked to the price of Brent crude, minus transportation costs and different specifications.