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Iraq, Jordan to Ease Trade, Finalise Plans for Oil Pipeline

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Iraq, Jordan to Ease Trade, Finalise Plans for Oil Pipeline

Post by claud39 on Wed Jan 02, 2019 10:45 am

http://www.iraq-businessnews.com/2019/01/02/iraq-jordan-to-ease-trade-finalise-plans-for-oil-pipeline/

Iraq, Jordan to Ease Trade, Finalise Plans for Oil Pipeline





2nd January 2019 in Iraq Industry & Trade NewsIraq Oil & Gas NewsIraq Transportation News


By John Lee.
Prime Minister Adil Abd Al-Mahdi and Jordan’s Prime Minister Dr. Omar Razzaz have agreed a series of measures to increase cooperation between the two countries.
Following a meeting at the weekend, they announced that, among other steps, they will finalize the framework agreement for the Iraqi-Jordanian pipeline which will run from Basra through Haditha to Aqaba in the first quarter of 2019.
The full (unedited) list of measures outlined in their joint statement is shown below:
In the transport sector:

  • Opening the Jordanian-Iraqi border crossings (Al Karama-Trebil) in front of the (door to door) traffic to start the journey of goods that are perishable on 2-2-2019 and include all types of goods thereafter.

  • Granting facilities for imported Iraqi goods via Aqaba, whose final destination is Iraq, a discount of 75% of the fees charged by Aqaba Economic Authority.

  • Make an Agreement between the Royal Jordanian and Iraqi Aviation for mutual cooperation in various fields: (Code share).

  • Training and cooperation in all areas of aviation and air transport.



In the industry and trade sector:

  • Activating the Iraqi Cabinet decision for the year 2017 exempting a number of Jordanian goods from customs starting from 2-2-2019.

  • The two councils of the two countries decided to allocate the agreed land on the Iraqi-Jordanian border to reach a depth of 2 km on the two sides of the border and a length of 6 km for the Iraqi-Jordanian Company. By 2-2-2019, in preparation for the company’s presentation of the industrial zone to the private sector for operation and management on the basis of BOT.



In the financial sector:

  • Forming a technical and financial legal committee between the two sides to develop solutions to the outstanding financial files between the two countries.



In the energy sector:

  • The agreement was reached on the Jordanian-Iraqi electricity link through the network of interconnection, where the memorandum of understanding was signed in the presence of the prime ministers, in which the parties agreed to take the necessary measures to accelerate the exchange of electrical energy between the two parties through direct electrical connection to the electricity networks of Iraq and Jordan.

  • It was agreed to finalize the framework agreement for the Iraqi-Jordanian pipeline which will extend from Basra through Haditha to Aqaba in the first quarter of 2019

  • It was agreed that the technical committees will arrive to determine the details of transportation and pricing for the export of Iraqi crude oil to Jordan before 2-2-2019.



In the agriculture sector:

  • Training in the fields of optimal use of water in the fields of aquaculture, water harvesting, seed propagation, biological control, the use of environmentally friendly pesticides and the training of Iraqi environmental police.



In the communications and IT sector:

  • It was agreed to pass the Iraqi Internet capacity from Jordan in 2019 to support Iraq build the infrastructure.

  • It was agreed on transport Jordan’s experiences in the field of the financial technology to brothers in Iraq.



(Source: Media Office of the Iraqi Prime Minister)

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