Minister of Industry and Minerals Salih al-Jabouri on
Sunday said that the oil pipeline project between Jordan and Iraq is almost
On the sidelines of his visit to Amman, Jabouri said that the concerned parties are about to complete the final study of the project, adding: "after these studies are finished, we will take actual steps to start implementing the project.
The project is estimated to cost about $18 billion, linking Basra through Anbar to the port of Aqaba in Jordan.
Jordan will be supplied with 10,000 barrels of crude oil per day of Kirkuk oil, Jabouri said in press statements, adding that this constitutes 7% of the needs of the Jordanian side, according to the agreements between the two sides.
In terms of security concerns, he stressed that the road inside Iraqi territory leading to Jordan is completely safe, and there are no security problems anymore, which enhances the chances of increasing trade exchange between the two countries.
The Iraqi minister said that Iraq and Jordan are "determined to remove all obstacles" preventing the increase of economic cooperation in trade, investment and others.