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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Africa Europe Latin America Middle East North America Iraq and Jordan agree on building oil pipeline Reuters - Tuesday, January 4 Send IM Story Print BAGHDAD - Iraq and Jordan have agreed in principle on building a pipeline to supply Jordan with crude oil for the coming decades, officials of the neighbouring countries said on Monday during a visit by Jordan's prime minister. Ali al-Dabbagh, spokesman for the government of Iraqi Prime Minister Nuri al-Maliki, said at a news conference with Jordanian Deputy Prime Minister Ayman al-Safadi that Iraq's current supply of 10,000 barrels per day to Jordan by truck did not meet its needs. "Iraq and Jordan agreed in principle to establish an oil pipeline to transport crude oil to al-Zarqa refinery in Jordan," Ali al-Dabbagh told reporters. Neither official provided any further information or cited a cost for the project. The two countries also discussed jointly developing a cross-border gas field, Dabbagh said, as Jordan Prime Minister Samir al-Rifai visited Baghdad on Monday to discuss various issues of common interest. Iraq agreed in 2008 to a three-year deal to supply Jordan with 10,000 bpd of crude under preferential terms. The amount covers 10 percent of Jordan's energy needs of around 100,000 bpd. Maliki, a Shi'ite, has sought to improve relations with Iraq's mainly Sunni-led Arab neighbours. Many Arab states have watched the rise of Iraq's Shi'ite majority to political power in the wake of the 2003 U.S.-led invasion with suspicion, concerned about Shi'ite Iran's growing influence. Maliki last month won parliamentary approval for his second government, which includes a Sunni-backed alliance that won the most votes in an election last March. "Iraq is interested in this project, and it's considered a strategic project for Jordan and will ensure Jordan is supplied with crude for decades," Dabbagh told reporters. Iraq's total crude exports amount to around 2 million barrels per day. Recommend Send IM Story Print Related Articles Mediators shuttle between I.Coast presidents to end crisis AFP - 10 minutes ago African migrants feared drowned off Yemen AFP - 2 hours 14 minutes ago Almost four million sign up for south Sudan vote AFP - Tuesday, January 4 African envoys start talks with Ivory Coast's Gbagbo AFP - Tuesday, January 4 UK-World Summary Reuters - 29 minutes ago News Search Top Stories Brazil's 2010 trade surplus lowest in 8 years: official EU investigates controversial Hungary tax Goldman deal 'values Facebook at $50 billion' No immediate plans to merge Fiat and Chrysler: CEO Online travel firm Expedia drops American Airlines More Top Stories » ADVERTISEMENT Most Popular Most Viewed Falling blackbirds baffle Arkansas officials Hasta la Vista: Arnie quits as California governor Spain lotto winner nearly loses millions by tossing tickets New smoking laws takes force in Spain Viking wolves return for first solar eclipse of 2011 More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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