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.



Saudi Arabia: GEOSA Launches Geospatial Licensing and Permitting System

GEOSA President Dr. Mohammed bin Yahya Al Sayel during the launch of the Geospatial Licensing and Permitting System. Photo: GEOSA
GEOSA President Dr. Mohammed bin Yahya Al Sayel during the launch of the Geospatial Licensing and Permitting System. Photo: GEOSA
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Saudi Arabia: GEOSA Launches Geospatial Licensing and Permitting System

GEOSA President Dr. Mohammed bin Yahya Al Sayel during the launch of the Geospatial Licensing and Permitting System. Photo: GEOSA
GEOSA President Dr. Mohammed bin Yahya Al Sayel during the launch of the Geospatial Licensing and Permitting System. Photo: GEOSA

The General Authority for Survey and Geospatial Information (GEOSA) has launched the Geospatial Licensing and Permitting System, an essential initiative designed to organize and promote geospatial economic activities.

The system aims to enhance the role of geospatial information in supporting and facilitating various sectors and national development initiatives.

The Geospatial Licensing and Permitting System seeks to create a unified regulatory and investment framework that encourages economic growth, localizes geospatial technologies, develops national geospatial capabilities, and enhances the efficiency and quality of geospatial services and products.

It also aims to foster geospatial innovation, optimize the use of geospatial information for informed decision-making, and increase the Kingdom's attractiveness as a premier investment destination for a sustainable and thriving economy.

In a speech on this occasion, GEOSA President Dr. Mohammed bin Yahya Al Sayel expressed his gratitude to the Saudi leadership for its support and commitment to empowering the surveying and geospatial information sector.

He also lauded the minister of defense and chairman of the GEOSA board of directors for his consistent support, which has been crucial in helping the authority achieve its goals.