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Thu March 28 2024

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Iraq and Jordan prepare to tender $18bn pipeline

20 Feb 14 Representatives of the Jordanian and Iraqi governments have met with international companies interested in building a 1,700km oil pipeline between the Iraqi city of Basra and Aqaba in Jordan.

Work on the project will begin soon, and once completed, it will be used to export crude Iraqi oil through the Aqaba port.

Construction of the pipeline will cost US$18bn (£10.8bn) and will allow Iraq to export about one million barrel of crude oil daily.

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