Iraq and Jordan Sign Oil Deal

Source: Tehran Times 8/16/2006, Location: Middle East

Iraq struck a deal to supply Jordan with cheap oil on Tuesday by laying a new pipeline across the desert between them, the countries' prime ministers announced Tuesday.

"Iraq and Jordan have signed a memorandum of understanding that involves cooperation in the oil sector, including laying a pipeline and supplying the kingdom with oil," said Iraqi Prime Minister Nuri al-Maliki.

"Under the agreement, we are thinking of broader cooperation in the field of oil. One of these horizons is laying or re-laying a pipeline that carries crude to the Jordanian refinery and to other regions," Maliki said.

"There is a written memorandum of understanding whereby a period is defined when Jordan is in need to the Iraqi oil. This is in addition to the preferential prices we agreed on," he said, without giving details.

Pre-war Iraq was one of the world's mightiest oil producers and the Maliki government is trying to revive the sector in order to maximise revenue from its reserves, still considered the world's second or third biggest.

Insurgent attacks, sanctions and corruption have cut output, and Iraq is struggling to refine enough crude into fuel for its own population, hence the need to secure import routes for patrol and other oil-derived products.

"The attacks on the pipelines are causing fuel crises. It is also causing crises in power supply as a result of sabotage," Maliki said, as outside his fortified compound thousands of motorists queued for scarce supplies


Qatar >>  8/10/2022 - McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipeli...
Qatar >>  7/20/2022 - Milaha, the industry-leading provider of maritime and logistics solutions in Qatar, has announced a significant five-years contract award with an opti...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.