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The Second Phase of the Iraqi Jordanian Pipeline to Cost US$6 Billion

The second phase of the pipeline starts from Najaf province and ends at Aqaba Terminal on the Red Sea.

Baghdad/ Iraq TradeLink: Iraqi oil sources reported that the Iraqi Cabinet approved the second phase of the Iraqi-Jordanian oil pipeline.

The contract was granted to Jordanian Mas Company on the investment basis with the cost of nearly six billion dollars, the sources added.

The second phase of the pipeline starts from Najaf province and ends at Aqaba Terminal on the Red Sea.

It is expected that Egypt will have talks with Mas Company to continue the extension of the pipeline from Jordan to the Egyptian Ain al-Sukhna Terminal, on the Red Sea, also.

The capacity of the pipeline will reach one million b/d of Iraqi crude oil, where part of it shall be allocated to Jordanian needs, which will not exceed 300.000 b/d, while the rest will be given to the Egyptian side to meet its daily needs and for exports, the sources pointed out.

Source: Iraq TradeLink 

 

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