Jordan and Iraq sign a memorandum of understanding for the supply and transportation of Iraq’s oil
04-05-2023 03:34 PM
Ammon – Jordan and Iraq signed today, Thursday, a memorandum of understanding for the processing and transportation of crude oil, according to which Jordan imports 10,000 barrels based on the monthly Brent crude average minus $16 per barrel, to cover the difference in quality and transportation fees.
The memorandum was signed by the Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, and on the Iraqi side, the Minister of Oil, Hayan Abdul-Ghani.
Minister Kharabsheh said in a press statement that this quantity constitutes about 7% of the Kingdom’s needs of crude oil, praising the existing cooperation relations with the Iraqi side in the energy sector and the importance of moving forward in completing the implementation of joint cooperation projects in a way that serves the interests of the two countries and the two brotherly peoples.
Regarding the quantities of oil imported by Jordan, Minister Kharabsheh said that the Kingdom imported from Iraq from September 2021 until the end of March 2023 about 4.5 million barrels, at a rate of about 9.992 barrels per day.
Ammon – Jordan and Iraq signed today, Thursday, a memorandum of understanding for the processing and transportation of crude oil, according to which Jordan imports 10,000 barrels based on the monthly Brent crude average minus $16 per barrel, to cover the difference in quality and transportation fees.
The memorandum was signed by the Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, and on the Iraqi side, the Minister of Oil, Hayan Abdul-Ghani.
Minister Kharabsheh said in a press statement that this quantity constitutes about 7% of the Kingdom’s needs of crude oil, praising the existing cooperation relations with the Iraqi side in the energy sector and the importance of moving forward in completing the implementation of joint cooperation projects in a way that serves the interests of the two countries and the two brotherly peoples.
Regarding the quantities of oil imported by Jordan, Minister Kharabsheh said that the Kingdom imported from Iraq from September 2021 until the end of March 2023 about 4.5 million barrels, at a rate of about 9.992 barrels per day.