AMMAN — The Cabinet on Sunday listened to a briefing on developments related to the cooperation with Iraq in the fields of energy and mineral resources.
During the session, chaired by Prime Minister Abdullah Ensour, Energy Ministry Secretary General Farouq Hiyari acquainted the Council of Ministers with the meetings held between Jordanian and Iraqi officials a few days ago to follow up on the recommendations of the joint higher committee, which recently met in Baghdad.
The committee’s meeting focused on the implementation of a pipeline to export Iraqi oil through Jordanian territory, the Jordan News Agency, Petra, reported.
The project entails providing the Kingdom with 150,000 barrels of oil on a daily basis and establishing another 138 million-cubic-feet (mcf) pipeline for pumping natural gas, a total of 100mcf of which will go to Jordan.
The $18 billion pipeline, which is projected to transport 2.25 million barrels of oil per day through the Kingdom, would generate between $2 billion and $3 billion a year in revenues.
Hiyari cited the Cabinet’s preliminary approval of the two agreements with the Iraqi government —one on the scheme in question and the other to organise the cooperation between the Jordanian government and the project’s developer, Petra reported.
