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Al-Araby
Al-Araby
Jordan’s energy minister on Monday announced Iraq’s approval to extend a crude oil pipeline to Jordan’s only coastal city. The project – initially discussed in 2013 but never materialised – is part of plans to open up new markets for Iraqi oil and will grant Jordan the right to purchase 150,000 barrels a day. The pipeline will extend from Iraq’s southern city of Basra to the Jordanian port city of Aqaba. It will span 1,665 km in length, transport at least one million barrels of crude oil a day, and cost between $7 to $9 billion, according to Iraqi estimates. If built, the project could benefit…