Iraq Oil Ministry Says Pipeline to Jordan Needs to Cost Under $9 Billion
11/3/2021
DUBAI (Reuters) — The Iraqi oil ministry said on Wednesday the cost of an oil pipeline to Jordan's Aqaba port city should be brought under $9 billion for the project to go ahead.
Talks between Jordan and Iraq about the project have reached an "advanced stage," it added in a statement.
Jordan and Iraq agreed to construct a pipeline to supply Jordan with crude oil and natural gas in 2012. The pipeline would carry crude oil to the Jordan Petroleum Refinery Company’s plant in Zarqa to meet Jordan’s needs and to the Aqaba Port for export purposes.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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