Tag Archives | Aqaba

Iraq to Export 1m bpd Oil through Jordan

Iraq announced on Thursday the completion of the “technical preparations” to extend a pipeline to export one million barrels of oil per day through Jordan, Petra has reported. “The export capacity of the Basra-Aqaba pipeline, which runs through Jordan, is expected to reach one million barrels per day (bpd),” Iraqi oil minister, Thamir Al-Ghadhban, said […]

Aqaba offers “New Gateway” to Iraq

New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo, APM Terminals said in its press release. Containers imported into Iraq will no longer have to be trans-loaded onto […]

Iraq could transport 1m bpd via Aqaba

By John Lee. Iraq could transport up to a million barrels of oil per day through the Jordanian port of Aqaba (pictured), according to a report from The National. Ali Nazar Faeq Al Shatari, deputy director general for the State Oil Marketing Organization (SOMO) told The National: “That project is still in place and we’re […]

“Iraq’s Energy Future Lies to the North”

By John Lee. A new report from the Washington Institute for Near East Policy says that Iraqi hydrocarbons “will either be exploited by Iran and its allies or used for Iraq’s own benefit, transforming the country into an energy export hub between the Gulf states, Turkey, and Europe. The United States has a strong strategic […]

Oil Minister Signs MoU with Egypt

By John Lee. Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] visited Egypt and headed a delegation to attend the Tripartite Meeting of the oil Ministers of Iraq, Egypt and Jordan to complete the discussions about the oil and gas transportation pipeline. He signed a memorandum of understanding with the Egyptian minister of petroleum and […]

China in $18bn Iraq Pipeline Deal

By John Lee. The China Petroleum Pipeline (CPP) and private company Mass Global have reportedly formed a consortium to build an $18-billion export pipeline from Basra to the Jordanian Red-Sea port of Aqaba (pictured). Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] told Reuters: “The two companies will submit their investment offer to the oil […]

Oil Pipeline with Jordan ‘a Priority’ for Iraq

By John Lee. Iraqi Finance Minister Hoshyar Zebari has said that the oil pipeline between Iraq and Jordan is a priority for the Iraqi government. He told the Jordanian news agency Petra that Baghdad is currently considering the best alternatives to change the pipeline’s course to pass through safer areas inside the country. The added […]

Iraq to Benefit from Aqaba Expansion

By John Lee. APM Terminals, operator of Aqaba Container Terminal in Jordan, has announced plans to upgrade the supply chain capabilities of its subsidiary, Aqaba Logistics Village (ALV). to serve the growing demand from importers and exporters for more efficient logistics services. The IMF forecasts GDP for Iraq and Jordan combined at 8% annual growth […]

Iraq parliament Supports Basra-Aqaba Pipeline

By John Lee. Iraq’s parliament fully supports a project to build an $18 billion pipeline to export crude oil from Basra to Jordan’s port city of Aqaba. Speaking to The Jordan Times, Adnan Al Janabi, chairman of the Iraqi parliament’s energy committee said: “We are very supportive of this strategic project with Jordan, which will […]