Aqaba city in Jordan
Basra-Aqaba pipeline talks hint at conclusion
Nearly 30 years since the original agreement, Iraq’s route to the Red Sea may be in sight
Talks between Iraq and Jordan have reached “advanced stages” for the development of a cross-border oil pipeline that was originally proposed in 1983. According to Iraq’s Ministry of Oil (MoO), technical and commercial details are being ironed out for the 1,600km conduit, “providing that implementation costs are reduced to less than $9bn”. However, with estimates for the project’s construction costs ranging from $12-26bn, reaching this target will require major cost-cutting. Known as the Basra-Aqaba pipeline, the project is intended to carry crude from Iraq’s Rumaila oilfield in the oil-rich Basra governorate to Jordan’s Red Sea port of Aqaba. Under the terms of a 2013 agreement, the project
Also in this section
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
3 April 2025
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
