Iraq is close to completing design of a pipeline to carry Iraqi oil to Jordan and Egypt through the Gulf of Aqaba. Once completed, the project is to be handed over to a specialized company, pursuant to investment regulations.
It is expected that this pipeline will fulfill Iraq's needs for oil derivatives; Iraq will use Egyptian refineries in exchange for supplying Egypt with around four million barrels of crude oil per month. In this regard, the Iraqi spokesman at the Ministry of Oil, Assem Jihad, said that “Iraq has extended a pipeline from the oilfields of Basra to the Haditha region in the far west of Anbar, near the Jordanian border. Iraq has formed a set of technical committees to design the pipeline that will extend from Haditha to the Jordanian port of Aqaba. The project will be open for investments."
He added, “The export capacity of the pipeline amounts to one million barrels per day. A gas pipeline will shortly be built.”
The part of the pipeline situated within the Iraqi borders provides oil to many cities across the Euphrates, and several refineries in Anbar.
During his visit to Baghdad at the beginning of the month, Egyptian Prime Minister Hesham Kandil [Qandil] discussed supplying Iraqi oil to the Egyptian refineries with his Iraqi counterpart, Nouri al-Maliki.
“We discussed supplying the Egyptian refineries with crude via a pipeline across the Gulf of Aqaba, which is considered a vital route to bolster the Iraqi, Egyptian and Jordanian economy,” said Maliki in a statement.