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Jordan Will Get US$600 Million in Revenue from Iraqi Oil Pipeline Annually

He added that the cost of the project on the Jordanian side will reach to 6-7 billion dollars, where the investor will bear the costs

Amman/ Iraq TradeLink: Chairman of the Iraqi Business Council in Jordan Majid al-Sa'idi disclosed

 
that Jordan will get 600 million dollars as annual revenues from the Iraqi oil pipeline to Aqaba terminal, as quoted by al-Rai daily.

He added that the cost of the project on the Jordanian side will reach to 6-7 billion dollars, where the investor will bear the costs, but the Jordanian side will get about 500-600 million
 
dollars annually as fees for the passage of the pipeline, in addition to the profits of other operating companies that will support the project.
 
It is expected that the project will be completed within two years, that will accommodate gas pumping stations and storage system in Aqaba terminal for 7 million oil barrels, as well
 
as other refineries and the development of Zarqa' refinery to receive the incoming oil.

Source: Iraq TradeLink

 

 

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