Iraqi oil pipeline to save Jordan petroleum refinery $300m annually
Amman - Petra
Chief Executive of the Jordan Petroleum Refinery Company, Abdul Karim al-Alaween, on Tuesday said that the Iraqi oil pipeline, Basra-Aqaba, will reduce the cost of Jordan's oil bill by $200 to $300 million a year. He told Petra that the pipeline, which will pass through Jordanian territory, will provide a direct source of oil for the refinery at competitive prices. Speaking on another issue, Al-Alaween said that the cost of importing and refining crude oil is much lower than importing ready oil derivatives.
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