Oman -arac Press November: -16 Iraq concluded with Jordan, Egypt, Sunday, in the Jordanian capital Amman, a memorandum of understanding to enhance cooperation between the three countries in the oil and natural gas fields through the pipeline, "Basra Aqaba-line."
The aim of the memorandum, signed by Iraqi Oil Minister Adel Abdul Mahdi, Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, and counterpart Egyptian Tarek Al-Mulla, to take advantage of the surplus production of Iraq's oil and natural gas, to secure the needs of Jordan, Egypt and the creation of export outlets to Iraq through the port of Aqaba.
The three ministers in a joint press conference, held at the Ministry of Energy and Mineral Resources of Jordan, the importance of the project in "achieving economic integration and enhance Arab solidarity and serve the interests of the three countries."
The ministers agreed on the importance of completing the Jordanian Iraqi pipeline, which extends for up to Egypt project, so as to begin to implement it in the first half of next year.
The Jordanian minister said that "the Iraqi government approved an additional path for the implementation of the project, which is situated near the Saudi border, and provided him with additional advantages, most notably reducing line distance carrier, which reduces the cost of the project, which is one of the levers of joint Arab action and in the interest of the three countries.
And between, that "practical steps for the implementation of the project, will begin in June next, due to national importance and to what symbolized by the circumstances surrounding the region."
The Egyptian minister said that "the three parties held a series of meetings about the project, and signed a memorandum of understanding for the project, which constitutes an opportunity for the Egyptian side, the refining of crude oil in the Egyptian factories."
For his part, Abdul-Mahdi stressed that "the project is an opportunity for Iraq, which has a lot of export outlets during the past years that contributes to raising the export and production capacity that is developing rapidly."
He said, commenting on the new route for oil pipeline transport, said that "the three countries agreed on a parallel line starts from Basra (south) and from there to modern (western) and passes near the Saudi border to the Jordanian city of Zarqa, and then to Aqaba to connect Egypt later."
And additional line features Abdul-Mahdi pointed out that reduced the distance of 685 km to 490 km and that the track has become safer and its implementation will be launched next year and lasts three years, subject to change in accordance with the developments, referring to the completion of geological surveys and technical studies.
The three ministers have held a session of talks dealt with the areas of cooperation in various current and future joint petroleum activities.
And entered Jordan, Iraq, Egypt, last year, agreements on implementation of joint mechanisms for cooperation in the field of energy, led by crude oil pipeline from Iraq project to the Jordanian port of Aqaba, and the ability of export reach one million barrels per day, at affordable prices would allow Iraq to get a safe port for its exports of oil. ended (1)
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