Basra-Aqaba pipeline should cost under $9bn: Iraq oil minister

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Wed, 2021-11-03 14:31

Iraq’s Oil Ministry said in a statement on Wednesday that the Basra-Aqaba pipeline project should cost less than $9 billion.

It added that negotiations between Jordan and Iraq on the project have reached advanced stages.

However, the pipeline project is still under technical and commercial discussion, with the aim of adding economic value to Iraq and Jordan if the implementation costs are reduced, the Ministry said. 

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