Iraq's parliament Speaker Mohammad Al-Halbousi has said that the Iraqi government will start implementing the Basra-Aqaba oil pipeline project soon. He indicated that high financial cost was the most important obstacle the Iraqi government dealt with by preparing a new low-cost study, and that all costs will be paid by Iraq because it is an Iraqi project aiming to increase its oil exports and financial revenues.

Iraq Parliament Speaker: Basra-Aqaba Oil Pipeline To Be Executed Soon

Posted On: February 23, 2023

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Iraq’s parliament Speaker Mohammad Al-Halbousi has said that the Iraqi government will start implementing the Basra-Aqaba oil pipeline project soon. He indicated that high financial cost was the most important obstacle the Iraqi government dealt with by preparing a new low-cost study, and that all costs will be paid by Iraq because it is an Iraqi project aiming to increase its oil exports and financial revenues.