Intensive negotiations between Iraq and Jordan to start the pipeline project

Intensive negotiations between Iraq and Jordan to start the pipeline project


 
10/28/2018

Economy News _ Baghdad

The Chairman of the Board of Commissioners of the Aqaba Special Economic Zone Authority Nasser Al-Shareida, the Jordanian and Iraqi governments are conducting intensive negotiations to start the project to extend the Iraqi oil pipeline from Basra to Aqaba for export through its ports.

"It is expected that one million barrels per day of Iraqi crude oil will be exported via Aqaba," Al-Shuraideh said in remarks published by the Jordanian daily Al-Ghad. "The Authority started several months ago with the transformation of all port operations to make it a ports system Smart and fully computerized to enable increased efficiency and reduce the cost of material and time required for the procedure and to benefit the traders and investors in this sector and its impact on citizens and the national economy.

He added that "the system of ports that have been established is working to enhance the competitiveness of Aqaba in the field of industry and logistics, while the port system will contribute to the development of the city of Aqaba and turn it into a gateway to logistics modes of transport multimedia in the Middle East."

"This system will increase the capacity of the Jordanian ports and will enhance the logistics capabilities of the region, which is pushing the economic sectors, the Jordanian market and the Jordanian market. Aqaba is also a global destination, a tourist and investment attraction, and a business front on the Red Sea," he said.

He pointed out that "the purpose of the conference is to learn about global experiences and best practices in this field, and to link all local and international partners, both public and private sectors, to identify the most important challenges in this sector and to have the necessary capabilities to face these challenges."

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