‘Basra-Aqaba’ Pipeline Constructions to Begin Soon; Before End of Year

تم نشره في Thu 6 July / Jul 2017. 12:00 AM
  • Worker turning a pipeline wheel in a facility near Baghdad - (Archives)

AMMAN —AlGhad— A ranking Iraqi official stated to AlGhad on Tuesday that the governments of Jordan and Iraq will begin final technical consultations next week on the implementation of the Basra-Aqaba oil pipeline project, worth around USD18 billion.

A delegation of the Iraqi Ministry of Oil will is scheduled to visit Jordan within the next few days to kick start talks on the technical aspects of the project.

Notably, the technicalities include environmental implications and other ecological issues, notwithstanding other industrial matters.

The value of the pipeline which falls in Jordanian territories stands at USD6-8 billion, executed by Mas International Company.

The property of the pipeline will be transferred to Jordan after 20 years, according to the Build–operate–transfer (BOT) agreement.

The pipeline will pump around 100 million square feet of oil every day into Jordan, and the rest will be supplied to the export facilities in Aqaba.