The Iraqi working team responsible for monitoring the projects of the Triangular Coordination Council (Iraqi - Jordanian - Egyptian) held a meeting today, Sunday, to discuss the establishment of new export outlets for Iraqi oil via the Red Sea.
A statement from the Ministry of Oil, received by the news agency, indicated that "as part of the government’s directions and the governmental program, and in implementation of the directives of the Minister of Oil, Basim Mohammed Khudhair Al-Abadi, the General Director of the Oil Projects Company, Ali Ward Hamood, who heads the Iraqi working team for monitoring the projects of the Triangular Coordination Council (Iraqi - Jordanian - Egyptian), chaired the second meeting of the team, which was held via a closed-circuit television, to continue discussing the proposed strategic projects and to develop paths for joint cooperation in the oil, energy, and petrochemical industries."
He added that "the meeting was attended by the General Director of the Studies and Planning and Follow-up Department, representatives of the relevant departments in the Ministry of Oil, representatives of the General Secretariat of the Council of Ministers, and the Ministries of Foreign Affairs and Industry and Minerals, in addition to representatives of the concerned parties in the Arab Republic of Egypt and the Hashemite Kingdom of Jordan."
He noted that "the meeting witnessed discussions on the technical and operational details of the crude oil export pipeline project (Basra – Haditha), which includes the diameter of the pipeline and the capacity, the quantities of crude oil targeted for transportation and export, as well as the branches and paths associated with the project, and the mechanisms for benefiting from it within the tri-partite cooperation framework."
He indicated that "inquiries and comments raised by the representatives of the Jordanian and Egyptian sides regarding these details were also discussed, and the necessary technical clarifications were provided."
The statement continued, "Discussions also covered the joint petrochemical complex project, the requirements for providing crude oil, petroleum products, and the raw materials needed for the proposed industrial projects."
It pointed out that "the meeting discussed projects for establishing storage facilities, refining projects, and establishing new export outlets for Iraqi oil and its derivatives via the Red Sea and the Mediterranean Sea, in addition to reviewing a number of initiatives and projects presented by the Egyptian side, including the carbonization project and the sustainable aviation fuel project, alongside the technical capabilities of Egyptian companies in executing oil and gas projects, and exploring opportunities for cooperation in hydrogen production technology."
In conclusion, the General Director of the Oil Projects Company emphasized the importance of continuing the technical and coordination dialogues, and enhancing the exchange of information and experiences among the relevant authorities in the three countries, which would allow for a detailed study of the proposed projects, addressing technical inquiries, and reaching the identification of execution requirements and transitioning from the discussion phase to practical steps that enhance economic partnership and integration in the fields of oil, energy, and industry.