[thackney]

It is expected that this pipeline will fulfill Iraq's needs for oil derivatives; Iraq will use Egyptian refineries in exchange for supplying Egypt with around four million barrels of crude oil per month. In this regard, the Iraqi spokesman at the Ministry of Oil, Assem Jihad, said that “Iraq has extended a pipeline from the oilfields of Basra to the Haditha region in the far west of Anbar, near the Jordanian border. Iraq has formed a set of technical committees to design the pipeline that will extend from Haditha to the Jordanian port of Aqaba. The project will be open for investments.”

He added, “The export capacity of the pipeline amounts to one million barrels per day. A gas pipeline will shortly be built.”

Read more: http://www.al-monitor.com/pulse/originals/2013/03/iraq-jordan-egypt-oil.html#ixzz2Q3uslAMA

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