Iraq, Jordan to announce tender for oil pipeline construction
Azerbaijan, Baku, May 23 / Trend A. Taghiyeva /
Iraq and Jordan are holding the talks on announcing the tender for the construction of an oil pipeline between the two countries, Iraqi newspaper Aswat al-Iraq said on Thursday.
According to the newspaper, the oil pipeline construction project will be implemented by a single contractor in the territory of two countries. The winner-company will work on the following scheme "construction-development, transfer of oil pipeline ownership rights".
The exact dates of announcing the tender and the cost of the project have not been announced yet. The capacity of the oil pipeline will hit 1 million barrels of oil per day.
Iraq and Jordan have agreed to build a new oil pipeline during Iraqi Prime Minister Nouri al-Maliki's visit to Jordan in December last year.
The oil pipeline will be constructed from Iraq to the Jordanian port of Aqaba for the further transportation of Iraqi oil to the world market. The construction of a new oil pipeline will put an end to oil transportation from Iraq to Jordan by tanks.
In April 2013, Iraq increased its oil exports up to 78 million barrels compared to 74.9 million barrels in March.
Average oil production hit 3.1 million barrels per day in Iraq in April 2013 compared to 3.2 million barrels per day in March 2013.
Iraq increased its oil reserves in the country by 10 billion barrels due to the international tenders held for exploration and development of new hydrocarbon deposits.