New life for Iraq-Jordan export pipeline
The long-stalled project is taking tentative steps forward with a $5 billion federal budget financing provision and a recent equipment tender.
Iraq is reviving efforts to build an oil export pipeline from Basra to Jordan, authorizing $4.9 billion in financing and assigning a first leg of the pipeline to the State Company for Oil Projects (SCOP).
If implemented, the Iraq-Jordan Export Project (IJEP) would achieve multiple economic and strategic objectives by expanding and diversifying Iraq’s oil export routes, enabling oil from southern Iraq to be pumped to Turkey, and feeding domestic refineries along the route.
Date: 25-Jun-2024
Source: www.iraqoilreport.com
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