Iraq Approves Framework Agreement to Install Basra-Aqaba Oil Pipeline

A worker walks at the Rumaila oil field in Basra, Iraq (Reuters file photo)
A worker walks at the Rumaila oil field in Basra, Iraq (Reuters file photo)
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Iraq Approves Framework Agreement to Install Basra-Aqaba Oil Pipeline

A worker walks at the Rumaila oil field in Basra, Iraq (Reuters file photo)
A worker walks at the Rumaila oil field in Basra, Iraq (Reuters file photo)

The Iraqi cabinet approved the framework agreement for the project to install a pipeline to transfer Iraqi crude oil from Basra to Jordan’s Aqaba port on the Red Sea.

Jordanian Minister of Energy and Mineral Resources Saleh Kharabsheh said his Iraqi counterpart Ihsan Abdul Jabbar informed him of the cabinet’s decision in a phone call and commissioned him to complete the procedures to sign the agreement, al-Mamlaka TV reported.

Kharabsheh and Abdul Jabbar agreed to direct the technical and legal teams to proceed with the necessary steps to sign the agreement.

They further agreed on the importance of building on the outcomes of the fourth trilateral Jordanian-Iraqi-Egyptian summit, which was held in June in Baghdad with the participation of King Abdullah, Iraqi Prime Minister Mustafa al-Kadhimi and Sisi.

The project is in line with efforts to bolster bilateral ties and expand cooperation to serve mutual interests by opening a new hub for exporting Iraqi oil.

Under the agreement, Jordan can buy up to 150,000 oil barrels daily to be refined at the Jordan Petroleum Refinery Company in Zarqa city.

The total cost of the project ranges between seven and nine billion dollars, according to Iraqi estimations.



GACA Authorizes ITA Airlines to Operate Regular Flights Between Saudi Arabia and Italy

GACA Authorizes ITA Airlines to Operate Regular Flights Between Saudi Arabia and Italy
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GACA Authorizes ITA Airlines to Operate Regular Flights Between Saudi Arabia and Italy

GACA Authorizes ITA Airlines to Operate Regular Flights Between Saudi Arabia and Italy

Saudi Arabia’s General Authority of Civil Aviation (GACA) announced on Tuesday that Italian Airlines (ITA) will begin regular passenger flights between the Kingdom and Italy.

The flights will operate from Rome to Riyadh during the summer season of 2024, with five flights per week starting from June 2.

This initiative is part of GACA's efforts to improve air connectivity and link the Kingdom to the global network, which aligns with the objectives of Saudi Vision 2030.

The goal is not just to establish the Kingdom as a global logistics hub, but also to open up a world of travel opportunities, expanding horizons in alignment with the National Aviation Strategy.