OIL

Jordan looks to Iraq to safeguard oil needs

Despite the prospect of a major conflagration in Middle East, Saddam Hussein's Iraq and Jordan ha...

According to Iraqi and Jordanian media reports, as part of a "technical cooperation" agreement between the two countries, crude oil will from next year be transported in an oil pipeline from the Iraqi border to a refinery in Jordan with refined products to be exported back to Iraq. The two countries also aim to work on joint geological and oil studies,

Iraq's oil minister, Aamer Mohamed Rashid, and Jordan's energy minister, Muhammad al-Bataina, signed the oil agreement last week and described the deal as an expression of their willingness and eagerness to develop and boost commercial and economic co-operation.

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