Report: Iraqi -Jordanian oil line passes through unstable areas

“A part of the line will pass within unstable Anbar province amid fears of extending any signs of violence in Syria to Iraq,” The report published in Jordanian Al-Ghad newspaper, briefed by “Shafaq News”.

“The pipeline will help to minimize the effects of the imported energy and transferring it to Jordan, along with the government's efforts towards the promotion of its energy resources, most notably the extraction of oil and selecting the technology of the first nuclear power plant during the current year.

The report pointed out that “80% of Iraq's oil exports equivalent to 2.2 million barrels per day (bpd) are currently taking place through Strait of Hormuz, at the time Jordan depends on oil imports from the Gulf along with its imports of natural gas from Egypt to generate electricity, making both Jordan and Iraq vulnerable to the political volatility of each access to its energy needs.

Thus, this agreement on this project was one of the most important steps expected to avoid risks.

The length of the pipeline, according to the signed agreement between the two parties to implement the project is about 1680 kilometers, the cost of extending the Iraqi oil pipeline between Basra and Jordan is about 18 billion $.

Jordan will receive through this pipeline which is expected to be direct in current year, daily returns to about 3 billion dollars a year and will provide Jordan with its needs of crude oil to petroleum refinery in Zarqa, by up to 120-150 thousand bpd, with great potential to create a major new refinery in Aqaba with the participation of one of the world's independent foreign investment companies.

The agreement also included supplying Jordan Petroleum Refinery in Zarqa for about (150 thousand barrels / day) of crude oil through extending a branch of the pipeline for this purpose, to cover the need for the production of oil derivatives.