Summary: a deal that would see Iraqi oil sent via pipeline to Jordan and Egypt has lots of upsides and one very big downside.
This content is locked
Login or Register To Unlock The Content!
Menu
Menu
There’s no particular reason why the project should be a pipe-dream, since its predecessor – the Kirkuk to Haifa pipeline (https://en.wikipedia.org/wiki/Kirkuk%E2%80%93Haifa_oil_pipeline) functioned well. Indeed, the wayleaves may still be in place. What makes little sense, however, is bringing the pipe to Aqaba: the Mediterranean coast is a far more sensible outfall. Perhaps the choice of location could be used to incentivise the Israelis to make peace with the Palestinians?
The other question is whether the cost is worth it, or whether the pipeline will be a fossil like the fuel by the time it is completed: https://www.bloomberg.com/news/articles/2020-09-13/bp-says-the-era-of-oil-demand-growth-is-over