Iraq, Jordan to Build Oil Pipeline
Iraq and Jordan have agreed to build a pipeline to supply Jordan with crude oil and natural gas, according to Petra, the Jordan News Agency.
Iraqi Oil Minister Abdul Karim Luaibi [Elaibi] said that the pipeline would carry crude oil to the Jordanian refinery in Zarqa for use in Jordan, and to the port of Aqaba for export.
The agency quotes an Iraqi official as saying that authorities in Baghdad have already signed a contract with an international consultant company to prepare a report on the project, which has a planned capacity of 1 million bpd.
Jordan and Iraq also agreed to increase the volumes of crude oil provided to the Kingdom from 10,000 barrels per day to 15,000.
The Jordanian Minister of Energy and Mineral Resources, Alaa Batayneh, said that Jordan has only received 25 per cent of the quantities the two countries agreed on due to logistic issues and technical reasons related to standards of oil requested by the refinery.
He added that a joint committee, to be chaired by ministers from both countries, will convene every six months, while subcommittees, to be headed by secretaries general, will meet every three months to follow up on implementing the memorandum of understanding.
(Source: Aswat al-Iraq)