Oil pipeline between Jordan, Iraq in 2002

The Jordanian minister of energy and mineral resources Wael Sabri has set the first quarter of the year 2002 to start actual implementation of the project to erect an oil pipeline from Iraq to Jordan.

In press statements he made in Amman on Sunday, Minister Sabri said that all works in this project will be completed after two years according to the set plan.

He said that the total cost of the project which is 750 kms in length is $ 325 million of which Jordan bears costs of the part in its territories which is $ 150 million while the remaining cost will be borne by Iraq.

On the other hand, the Jordanian minister said that his country will sign with the Canadian " Sinkore" company by the end of this year an agreement on oil extraction from oily-stone type areas.