What the Basra-Aqaba pipeline project means for Iraq and Jordan
The Basra-Aqaba oil pipeline project has returned to the forefront of the economic and political discussions in Iraq and Jordan after years of delay, due to regional tensions and the fragility of dependence on a single export outlet. Both sides are working to implement the project to enhance the flexibility of export operations and reduce reliance on the Strait of Hormuz, with a focus on diversifying export ports and plans to increase production to 6 million barrels per day. Meanwhile, studies continue on the initial project to transport oil via Al-Haditha. The project is considered a strategic step to strengthen the security of oil exports and develop the oil and energy infrastructure in the region.
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