Jordan boosts oil supply from Iraq after Egypt gas pipeline attack
Khaled Tukan, Jordan's Minister of Energy and Mineral Resources, said that his country is working in cooperation with Egypt to repair the gas pipeline which was sabotaged last Wednesday in the Sinai town of El Arish. In a press conference, Tukan has said that Egypt had informed Jordan that its experts will fix the gas pipeline within two weeks. According to him, the Egyptian gas is flowing into Jordan, but at half or third of the regular quantities.
The Jordanian Minister revealed that following the attack the Kingdom has been looking for alternatives and thus asked Iraq to increase the quantities of oil from the current 10 thousand barrels per day to 30 thousand. Tukan said that before the explosion of the gas pipeline, Egypt pumped some 150 million cubic feet of gas per day.
Wednesday's explosion was the second time that the gas pipeline was attacked. The first time was on February 5. That incident led to the halt of gas supply for about a month and a half. That explosion enforces Jordan to convert all electricity generation plants to use diesel fuel. The Jordanian electricity sector's losses amounted to at least US$3 million dollars a day, according to Jordanian officials. Source: yallafinance.
- Egyptian stocks plummet as Yemen confict deepens
- Mission to Mars: UAE plans Arab region's first unmanned probe
- Supervising the stoners: Egyptian tobacco traders call for the legalization of cannabis
- Ethiopia launches $2.8m research survey for Nile basin development
- UAE sweetens flotation regulations to attract more investment