Ghadhban Announces Completing Initial Process of Iraqi-Jordanian Pipeline Bid

The Iraqi Minister of Oil, Thamir Ghadhban, announced on January 4, 2020 the completion of the pre-qualifying process for countries interested in participating in the Iraqi-Jordanian oil pipeline project bid, according to the Jordan Times.

The ministry noted that May 2020 will be the final date to receive offers, and winners will be announced by the end of the year.

In February 2019, the two countries’ prime ministers agreed to move forward with the project and for Jordan to buy 150,000 barrels of oil transferred through the $5-billion pipeline project.

The project is divided into two phases, the first phase includes installing a 700-kilometer-long pipeline with a capacity of 2.250 million barrels within the Iraqi territories, Rmeilah-Haditha. While the second phase includes installing a 900-kilometer pipeline in Jordan between Haditha and Aqaba with a capacity of one million barrels.

The Iraqi ministry had previously formed a team to prepare legal contracts, address financial issues and oversee technical standards for implementing the project

The ministry clarified that the pipeline inside Iraq will be installed according to the engineering, procurement, construction, and financing contract (EPCF) model, while in Jordan it will be executed under the build–own–operate–transfer (BOOT) system.

Egypt Oil & Gas Contribution Time: 06-Jan-2020 11:00 (GMT)
Egypt Oil & Gas Last Update Time: 06-Jan-2020 11:00 (GMT)