AMMAN — On Friday, the Iraqi Ministry of Oil indicated that the Jordan-Iraq Oil Pipeline Project is estimated to cost no more than $9 billion, according to Khaberni News.
اضافة اعلان
The Ministry of Oil recently released a statement to clarify some points regarding the project.
The State Company for Oil Project (SCOP) stressed that the Ministry of Oil was established based on the right of freedom of expression, respect for the opinions of others, and the acceptance of objective criticism in certain contexts.
At the same time, it denounces and condemns inaccurate and non-objective statements targeting the oil pipeline project that was planned to be built between Jordan and Iraq, according to the ministry’s statement.
The statement added that politicians and economic analysts who have been talking about the project lack accurate information or hide the truth to serve personal agendas at the expense of public interest.
Therefore, SCOP highlighted the following points:
First: The project traces back to 1983.
Second: The project aims to increase oil exports from the southern route to reach up to 3-6 million barrels per day, to fulfill the demands of the international oil market. In addition, it seeks to establish an alternative route for exports with a capacity of one million barrels per day.
Third: This project is considered an economic, development, and strategic investment aiming to enhance economic ties with neighboring countries in the region. It intends to serve mutual interests to bring about more stability and boost relationships in various fields.
Fourth: The project provides crude oil for local refineries in middle and southern Iraq. It increases the exporting capacity from the northern route and the Aqaba port intended for European and African markets.
Fifth: The estimated cost of the project will not exceed $9 billion.
Sixth: The project is under study and analysis and has not been transmitted to any company yet.
SCOP called on media outlets and channels to uphold their professional, ethical, and national message to avoid spreading inaccurate information that would potentially mislead the public.
SCOP also indicated that relevant authorities must consider national interest as their top priority when addressing oil affairs. In addition, they should spare the Ministry of Oil all arguments, political crossings, and narrow interests.
SCOP has also called on everybody to support the ministry’s plans for a better future for the country and the people.
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