Iraq sets Jordan pipeline into motion
In an urgent quest for more export capacity and diverse routes, the Oil Ministry is recruiting international firms to build a 1 million bpd pipeline to Aqaba.
A pipeline snakes along the desert in Iraq's southern oil-producing region, near Basra, January 17, 2011. Experts say that Iraq's crude oil pipelines are long overdue for inspection and will need to be upgraded or replaced if Iraq is to increase its oil exports. (SHASHANK BENGALI/MCT via Getty Images)
Iraq has begun courting investors to build new pipelines from Basra to Jordan's Aqaba port, a necessary step toward diversifying its export outlets and meeting the demands of rising production capacity.
The Oil Ministry has set a target of creating 1 million barrels per day (bpd) of export capacity to Jordan. The 1,680 kilometer pipeline will run from Basra up to Haditha, in Anbar province, and then into Jordan, according to a presentation given to prospective investors, which was obtained by Iraq Oil Report.
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