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Oil: export line through Jordan million barrels a day. "

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Rocky


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Oil: export line through Jordan million barrels a day. "



November 17, 2015


, It confirmed the Oil Ministry, said Tuesday that the export pipeline through Jordan and Egypt believes a new market of Iraq north of Africa, indicating that it will be a length of 490 km and an initial capacity of one million barrels per day.

A spokesman for the Oil Ministry, Assem Jihad, said in a statement received "our economy," a copy of it, that Oil Minister Adel Abdul-Mahdi, signed a memorandum of understanding with the Egyptian and Jordanian counterparts in Oman, to strengthen the mutual cooperation between the three countries in the field of oil and gas through the pipeline for export from the Iraqi territories to the Jordanian port of Aqaba ", noting that" the project is a new outlet for Iraq contribute to raising export capacity, and securing new markets for him in North Africa through Egypt. "

"The work on the project will begin mid-year next 2016 that ends after three or four years," adding that "the line will be 490 km long, with an initial capacity of one million barrels per day, of which 150 thousand to meet the needs of Jordan."

"The project will be implemented by investing Iraq will not pay any amounts in this regard," pointing out that "several global companies and banks will finance the project, that the amounts deducted after the operation."

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