Iraq on Thursday (March 28th) announced the completion of the technical preparations for the extension of the Iraqi oil pipeline that is slated to run through the kingdom to Aqaba, the Jordan Times reported.
Iraqi Oil Minister Thamir Ghadhban voiced his country’s hope that one million barrels would be exported per day through the Basra-Aqaba oil pipeline, and said Iraq has finished all planning preparations for its construction.
The two countries had agreed earlier to supply Jordan with some 10,000 barrels of oil a day via the pipeline.
Amman and Baghdad have recently signed six agreements in the fields of energy, industry, trade, agriculture, transport and information and communications technology, which are pending implementation.
Under these deals, Jordan would lower its fees on Iraqi shipments via the port of Aqaba and supply Iraq with electricity.
Jordan also will be importing oil from Iraq at standard Brent crude prices, minus shipping and transportation costs and deviations in specifications.
