AMMAN —
The
Iraqi Ministry of Oil on Friday said that the Jordan-Iraq Oil Pipeline
Project is estimated to cost no more than $9 billion, according to Khaberni
News.
اضافة اعلان
The ministry
recently released a statement to clarify some points regarding the project.
The
State Company for Oil Projects (SCOP) denounced and condemned inaccurate and biased
statements targeting the oil pipeline project planned to be built between
Jordan and Iraq, according to the ministry’s statement, which added that
politicians and economists who have been talking about the project lack
accurate information or hide the truth to serve personal agendas, in the
process harming the public interest.
In order to
clarify things, the SCOP highlighted the following points: the
project dates back to 1983; it aims to
increase oil exports on the southern route to reach up to 3–6 million barrels
per day, to fulfill the demands of the international oil market, and seeks to
establish an alternative export route with a capacity of 1 million barrels per
day; the project is considered an
economic, development, and strategic investment aiming to enhance economic ties
with neighboring countries in the region, and intends to serve mutual interests
to bring about more stability and boost relationships in various fields; it
provides crude oil for refineries in center and southern Iraq, and increases
the export capacity on the northern route and south, through the
Aqaba Port,
intended for European and African markets; the estimated cost of the project
will not exceed $9 billion; the project is under study and analysis and has not
been given to any company to submit tenders, yet.
The SCOP called
on media outlets to present their message in a professional and ethical way, to
avoid spreading inaccurate information that could mislead the public.
It also urged the
relevant authorities to have national interests as their top priority when
addressing oil affairs, and the country as a whole to support the ministry’s
plans, for a better future for the people.
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