Iraq, Saudi Arabia to revive joint oil export pipeline
Source ↗
👁 0
💬 0
Baghdad (IraqiNews.com) – Saudi Arabia has given preliminary approval to revive the joint oil export pipeline project with Iraq, sources told local news outlet Shafaq News on Saturday.
The original 1,568-kilometer pipeline—which runs from Iraq’s Zubair oilfield in Basra to the Saudi Red Sea port of Yanbu and has been idle since 1990.
Riyadh argues that rehabilitation would cost nearly as much as constructing a new line, and Iraq would have to cover part of the cost for its section.
The original 1,568-kilometer pipeline—which runs from Iraq’s Zubair oilfield in Basra to the Saudi Red Sea port of Yanbu and has been idle since 1990.
Riyadh argues that rehabilitation would cost nearly as much as constructing a new line, and Iraq would have to cover part of the cost for its section.
Comments (0)