From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is planning to build a new oil pipeline to Jordan which it is banking on to revive revenue sources, after years of war and instability. In addition to expanding refineries and oil […]
Tag Archives | Iraq-Jordan Pipeline
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 […]
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 […]
Tags: Aqaba, featured, Iraq Oil Exports News, Iraq-Jordan Pipeline, Jordan, pipelines, State Oil Marketing Organization (SOMO)
“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 […]
Tags: Aqaba, Dr Mike Knights, featured, Iran, Iraq-Jordan Pipeline, James Jeffrey, Jordan, pipelines, Turkey, United States, Washington Institute for Near East Policy
Jordan approves deal with Iraq on Oil, Gas Pipeline
By John Lee. Jordan has reportedly approved an agreement with Iraq to build a twin gas and oil pipeline between the two countries. The 1,680-km double pipeline will pump one million barrels of oil a day, and 258 million cubic feet of gas, from Basra to Aqaba. About 150,000 barrels of the oil from Iraq […]
Jordan-Iraq Oil Pipeline to Cost $5-7bn
A study by the Iraqi Government into a planned oil pipeline that would extend from Iraq to Jordan has revealed that the project will cost between 5 and 7 billion dollars. Jordanian press quoted energy minister Ibrahim Seif saying that a decision over the implementation of the project is expected from the Iraqi side soon. […]
Jordan, Iraq seal Economic Protocols
Jordan and Iraq have signed minutes of a Jordanian-Iraqi joint committee meetings which entails boosting trade exchange and speeding up construction of the oil pipeline between the two countries. The protocols also encompassed encouraging Iraqi investors in Jordan and opening the border post of Turabil, the main crossing point between Jordan and Iraq, and identifying […]
Iraq, Jordan stress Importance of New Pipeline
By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has met with Mr. Ibrahim Saif, the Jordanian Minister of Energy and Mineral Resources. The parties agreed on the necessity of strengthening relations between the two countries, with Mr. Allibi stressing the importance of the oil and natural gas pipeline project to Aqaba port. He […]
China-Jordan JV Bids for Iraq-Jordan Oil Pipeline
By John Lee. Platts reports that Iraq’s oil ministry has received a bid from a Jordanian-Chinese consortium to build and operate a 1-million-bpd crude oil export pipeline to the Red Sea port of Aqaba. Jordan’s Mass Group Holding, along with a consortium of Chinese companies, submitted a service fee proposal to Iraq’s oil ministry for […]
Tags: Aqaba, China, featured, Iraq-Jordan Pipeline, Mass Global, South Oil Company (SOC), State Oil Marketing Organization (SOMO)
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 […]
Oil Minister to discuss Oil Pipeline Project with Jordan
By John Lee. Petra reports that the Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, will meet his Egyptian and Iraqi counterparts in Cairo on Tuesday to discuss developments regarding the Basra-Aqaba pipeline project. The project, agreed by the three countries in Amman in November 2015, will see oil and gas pipeline running from […]
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 […]