Iraq Cancels Basra-Aqaba Gas Pipeline, Oil Pipeline Project to Continue

تم نشره في Sun 6 August / Aug 2017. 12:00 AM - آخر تعديل في Sun 6 August / Aug 2017. 07:36 PM
  • Oil/gas pipeline - (Expressive-Archives)

AMMAN —AlGhad— Director of the Oil Department, with the Ministry of Energy and Mineral Resources, Eng Ashraf Rawashdeh, stated to AlGhad that Iraq has decided to cancel the gas pipeline project, which was supposed to run adjacent to the Basra-Aqaba oil pipeline, in order to lower costs and expedite execution.

As an alternative to the gas, project developers are currently working on other, economical ways to power the pumping facilities, and supply Jordan with gas in case of emergencies.

According to Eng Rawashdeh, the Ministry was informed of this decision last year.

Not long ago, an Iraqi official confirmed to AlGhad that the oil pipeline project will commence construction works in Jordan by the end of the year, 2017.

The total cost of the project stands at USD18 billion, roughly, with USD6-8 billion worth of the project in sovereign Jordanian territories.

Notably, the project which is executed by Mas International Company is BOT-based, meaning ‘Build-Operate-Transfer’.

In other words, the company will build the project, operate it, and then transfer ownership of it to Jordan.