Jordan has approved the construction of a pipeline that would transport oil from southern Iraq to Aqaba, according to AFP citing a government spokesman.
In 2013, the two nations sanctioned the idea of the 1,700 kilometre pipeline to run from the port of Basra to Aqaba at a cost of $18bn. But the plans were shelved after the rise of the Islamic State jihadist group in 2014.
Jordan’s government has approved an agreement to build the pipeline to transport Iraqi crude and provide Jordan with oil. There is presently no timeframe for its construction.
Jordan relies on imports for 98% of its energy requirements. It requires 134,000 barrels per day and imports most of this from Saudi Arabia. Iraq is keen to hike up production and boost its export of crude.