Jordan, Iraq Agree on Oil Pipeline

By John Lee.

Jordan and Iraq have agreed on executing an oil pipeline to export Iraqi oil through Jordan.

KUNA reports that the agreement came after a high-ranking joint meeting attended by the energy ministers of the two countries.

The pipeline will pump one million bpd of Iraqi crude to the Red Sea port of Aqaba, while Iraq will provide Jordan with oil at preferential prices.

The two parties have also agreed to study the possibility of setting up an oil refinery and power station.

(Source: KUNA)

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