Iraq, Egypt and Jordan would agree to extend the oil pipeline extra line 3/12/2016
Iraq, Egypt and Jordan would agree to extend the oil pipeline extra line
3/12/2016 0 Comments
Ended the ministers of energy, oil and oil in Iraq, Egypt and Jordan expanded talks, lasted for two days, in Cairo, to activate joint Albertkol among the three countries, in all petroleum activities; and the signing of a memorandum of understanding that will enable the three countries to transfer Iraqi oil from Basra through Jordan to Egypt, where he is being there refining and storage facilities using an Egyptian in Alexandria and the Red Sea and agreed to extend an additional pipeline from Basra to
He said Iraqi Oil Minister Adel Abdul Mahdi, on Friday, that "the Supreme Trilateral Commission, which includes, in addition to us, Tariq Al-Mulla, Minister of Petroleum of Egypt and Mineral Resources Dr. Ibrahim Saif Jordanian Minister of Energy and Mineral Resources" on the sidelines of the talks, the tripartite Supreme Committee Meeting Minutes after meetings featuring the work of groups from the three countries to review the developments of what was agreed upon from the projects contained in the memorandum of understanding that was signed in mid-November in Jordan.
The Memorandum of Understanding, a study by the Egyptian side refines amounts of Iraqi oil Basrah light, and storage of Iraqi oil in Egypt using the infrastructure and facilities to store crude and products owned by Egypt in the ports of Ain Sukhna on the Red Sea and Sidi Krier in Alexandria.
He noted Iraqi Oil Minister Adel Abdul degrading to the "keenness of both sides to activate the agreed projects between the two countries and its entry into force as soon as possible," pointing out that "cooperation with Egypt to achieve economically distinct for both countries payoff under a balanced business relationship achieved good results for everyone seeking through which Iraq to find new outlets to the export and marketing of its production to foreign markets to take advantage of the infrastructure for refining, transportation and storage of oil in Egypt. "
And the transfer of very careful of the three countries to enhance mutual cooperation in major strategic contribute to economic growth and support the broader sectors, beyond the oil sector in the three countries for mutual benefit projects, as he put it.
He added that "Iraq is currently the third oil exporter worldwide, where now the production was about 4.7 million barrels per day, and that these projects achieve profitability and mutual benefit for all States Parties."
Egyptian Minister of Petroleum Engineer Tariq Al Mulla explained that "this collaboration aims to maximize the economic benefit from the infrastructure of the petroleum sector, and contribute to achieving the new revenue from the exploitation of the available capacity in support of transforming Egypt into a pivotal center of a strategic trading and energy trading and support ensure fuel supplies to the market strategy efforts the local".
He pointed out that it was agreed on the implementation of the oil pipeline added parallel starts from Basra in southern Iraq and on to the modern western Iraq, and then to the Jordanian city of Zarqa and from there to the city of Aqaba, and is the raw transfer tankers to Egypt for refining crude factor Egyptian refineries or for export.
He pointed out that the three countries have agreed to increase the diameter gas line to be created parallel crude pipeline from the town of Rumaila in southern Iraq, and even the city of Maan in southern Jordan, and to link the Arab gas line to transport Iraqi natural gas surplus to Egypt.
For his part, the Jordanian minister praised the spirit of mutual cooperation and the seriousness of the three parties in these strategic projects that will have a significant economic transformation, pointing out that there is considerable interest from international finance institutions this strategic project, which supports regional cooperation among the three countries.
The note includes the possibility of importing quantities of Basrah monthly oil, as may be agreed upon, and the training of Iraqi petroleum cadres in the Egyptian training centers, and the cooperation of the petroleum sector in the areas of gas industry, and the drilling of oil wells, and gas and the establishment of gas networks for domestic use, adding that it was agreed to the participation of Egyptian companies in the implementation of oil and gas projects.
He pointed out that it was agreed to form a joint working team from both sides to study the implementation of the cooperation referred to mechanisms which achieve the common interests of Blden.