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Iraq to go ahead with oil pipeline project with Jordan

Xinhua, November 11, 2015 Adjust font size:

Iraq will go ahead with a pipeline project to export Iraqi oil through Jordan, a senior Iraqi official said on Tuesday.

"We are committed to the project and will go ahead with it," Iraq's Minister of Finance Hoshiyar Zebari said at a press conference in Amman.

Iraq will change the route of the pipeline after the Islamic State (IS) managed to control some areas in northern Iraq, he said.

The pipeline is planned to be extended from Iraq's Basra to Jordan's Aqaba to export Iraqi oil.

"We will make some changes to the route of the pipeline and go ahead with it....energy ministers of Iraq, Jordan and Egypt will meet in Amman next Sunday to discuss the details," said Zebari.

The 1,680-km double pipeline will pump one million barrels of oil a day from Basra on the Arabian Gulf to Jordan's Aqaba Port, in addition to 258 million cubic feet of gas.

About 150,000 barrels of the oil from Iraq is needed to meet Jordan's needs. The rest will be exported through Aqaba, generating about three billion U.S. dollars a year in revenues to Jordan, according to the Iraqi official. Endit