Iraq, Jordan Stress Security Importance for Joint Pipeline

Iraq, Jordan Stress Security Importance for Joint Pipeline

Jordan’s King, Abdullah II, and Iraq’s President, Fuad Masoum, have highlighted the strong ties between their countries and the importance of boosting cooperation and coordination, mainly in the political, economic and security fields and activating work of the joint committees, Bahrain News Agency reported.

The two leaders stressed the importance of securing border crossings as well as the international highway between the two countries and accelerating the construction of the oil pipeline between the Iraqi city of Basra and the Port city of Aqaba. The Iraqi president highlighted the importance of the oil pipeline, adding that work is underway to reopen the international highway as a priority for Iraq.

Meanwhile, Iraq has made a $300m payment to Iran under a power export agreement, according to Oil Price.

Iran was exporting some 1,500MW of electricity to its neighbor as of November 2016, when Iraq defaulted on its payments. While the discussions lasted, Iran cut off the power supply to its neighbor over the first two months of 2017, but in March started ramping up deliveries again.

Mariana Somensi 890 Posts

Mariana holds a Journalism Bachelor Degree from the State University of Londrina, Brazil. The Brazilian journalist has 4 years of experience on the MENA region's affairs and over a year of experience on the oil and gas industry.

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