Basra Aqaba oil pipeline construction discussed by Iraq and Jordan

Minister of Energy and Mineral Resources Ibrahim Saif discussed with Iraqi Oil Minister Jabbar Al Luaibi on a project for constructing an oil pipeline between Iraq and Jordan to export Iraqi crude oil via Jordan and provide the Kingdom with its oil needs.

Saif said that a Jordanian technical team will hold meetings on June 7-8 to finalize the project's agreements. The project will provide Jordan with 150,000 barrels of oil per day, out of 1 million barrels that will be exported through Aqaba.

Jordan, Iraq and Egypt signed in November 2015 a memorandum on the $5.6 billion project.