Jordanian Energy Minister Saleh Al-Kharabsheh said Tuesday an oil pipeline stretching from Basra, Iraq, to Aqaba in Jordan would provide 150,000 barrels of crude oil per day (bpd) for the Kingdom.
Jordan would build gathering centers in the Red Sea of Aqaba to contain seven million barrels of oil, and the Iraqi oil will be exported from Jordan to the rest of the world, Al-Kharabsheh said in a statement.
He said the pipeline, to cost between USD 8-10 billion, would be 1,350-kilometer long.
The pipeline will be capable of exporting one million bpd, he added, “and will provide Jordan with 150,000 barrels of crude oil passing through its lands.” Amman and Baghdad signed a framework agreement in 2013 to execute the pipeline project, giving Iraq access to export its oil and giving Jordan crude oil.
Source: Kuwait News Agency