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Jordan imports 300,000 barrels of Iraqi crude in April

3. Crude oil picture
Jordanian fills out gasoline at an Amman gas station. (Photo: Ameer Khalifeh/JNews)

AMMAN — Jordan imported nearly 300,000 barrels of crude oil from neighboring Iraq in April 2022, according to data released by theIraqi oil marketing company SOMO, Al-Mamlaka TV reported.اضافة اعلان

About 10,000 barrels were exported daily under an agreement between the two countries.

In March, Jordan and Iraq agreed to reactivate a memorandum of understanding which was frozen a month earlier. The memorandum stipulated the daily import of 10,000 barrels of Iraqi crude from Kirkuk in northern Iraq delivered to the Jordan Petroleum Refinery.

Under the agreement, Jordan provides trucks to transfer the oil from the Iraqi refinery of Beji to the Jordan Petroleum Refinery in Zarqa. It was agreed that the trucks come from both sides.

April’s average selling price was $88.39 per barrel, bringing the total amount of Jordanian imports of Iraqi oil during that month $26.5 million, excluding unspecified additional costs.

The Jordanian-Iraqi crude agreement was signed in January 2021. It stipulates that Jordan can purchase up to 10,000 barrels of Kirkuk crude oil, which covers some of its annual crude oil needs. The cost is based on the monthly average of Brent Crude Oil minus $16 per barrel, which covers the quality difference and transportation fees.

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