New Route for Jordan-Iraq pipeline

The Iraqi Ambassador to Jordan has announced plans to re-route a proposed pipeline to the country’s Western neighbour. According to Ambassador Jawad Abbas, the $18bn, 150,000 bpd pipeline will now go south towards Basra and then west into the neighbouring Kingdom. The project is one of a number of oil and gas ventures that has been postponed or cancelled due to the ISIL offensive in Northern Iraq last year, which affected oil infrastructure in parts of Central and Western Iraq. (Source: iraq business news)