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Jordan's energy minister on Monday announced 's approval to extend a crude oil pipeline to .

The project - initially discussed in 2013 but never materialised - is part ofÌýplans to open up new markets for Ìýand will grant Jordan the right to purchase 150,000 barrels a day.

The pipeline will extend from Iraq's southern city of to the Jordanian port city of Aqaba.

It will span 1,665 km in length, transport at least one million barrels of crude oil a day, and cost between $7 to $9 billion, according to Iraqi estimates.

If built, the project could benefit both Iraq and Jordan, particularly in electricity generation, experts say.

Jordanian Energy and Mineral Resources Minister Saleh Al-Kharabsheh saidonÌý Monday that his Iraqi counterpart, Ihsan Abdul-Jabbar Ismail, informed him by phone of Baghdad's final approval of the deal with technical and legalÌýteams directed to carry out the work.

While the agreement was reached in April 2013, Iraq announced in 2019 it was reconsidering the feasibility of the entire project to see howÌýit could benefit best from the deal.

Baghdad had considered extending the pipeline to reach Egypt, instead of ending it in Aqaba, to increase returns from the project.

Iraq - which remains largely unstable due to years of conflict - produces an average of 4 million barrels of crude oil each day, ranking it sixth on a global scale.

Despite its surplus of oil, the country has very poor electrical infrastructure. In 2019, demand for electricity in Iraq was almost 60 percent higher than the available supply.

Blackouts in summer due to energy shortages have sparked protests in the country.