The transfer of Iraqi oil to Jordan will start before the end of this month, Energy and Mineral Resources Minister Hala Zawati said on Thursday.
During a meeting with Deputy Prime Minister for Energy and Iraqi Oil Minister Thamer Ghadhban in Baghdad, Zawati welcomed the decision of the Iraqi Council of Ministers to approve the project of extending a pipeline to export Iraqi oil to the port of Aqaba on world markets through Jordan, where it transports about one million barrels of oil per day.
The two sides discussed bilateral cooperation, especially the developments of the Iraqi oil export pipeline through the port of Aqaba.
Concerning the stages of implementation of the project, Zawati said, "The approval of the Iraqi Council of Ministers will be followed by the signing of an agreement between the two countries."
She pointed out that the two countries agreed to open a new outlet for Iraqi oil exports, and gives Jordan the right to buy 150 thousand barrels of oil per day through the pipeline, which is estimated to cost about $ 5 billion.
“The Iraqi Council of Ministers approved the project of exporting Iraqi crude oil to Jordan through the implementation of the project of extending a pipeline to transport crude oil from the oil fields in Rumaila in Basra governorate to the port of Aqaba.
Iraq agreed in January, to supply Jordan with 10,000 barrels per day of Kirkuk crude oil Matruh Chinese station - Peggy Salahuddin, where the Iraqi Oil Ministry explained that the agreement will be in accordance with the "price formula linked to the price of Brent crude minus transport costs, And different specifications, and transferred basins to the refinery Zarqa.
The director of the oil tanker from Iraq to Jordan, Nael Thiabat, said on May 1 that 500 tankers would transport 1,360 tons of oil a day, as trucking oil would be shared equally between the two countries.
The two sides signed joint agreements on February 2 to support the economy during ministerial meetings at the Trebil-Karama crossing.