Jordan imported 309,000 barrels of Iraqi oil in March

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AMMAN — The total amount of oil Jordan imported from Iraq in March increased to reach 309,000 barrels at a rate of 10,000 barrels per day, compared to 280,000 barrels in February, Khaberni reported. اضافة اعلان

According to data from the Iraqi State Organization for Marketing of Oil (SOMO) the initial weighted rate for the selling price to the Kingdom stood at about $62.5 per barrel.

Oil trade memoJordan imports Iraqi crude oil under a memorandum of understanding signed between Iraq and Jordan, which has been in force since September 2021.

According to this memorandum, Iraqi crude oil is transported from the Modern Kirkuk warehouse in Iraq to the Jordanian Petroleum Refinery Company in Zarqa via tankers.

Iraq's continued oil supply agreement with Jordan aids in increasing the value of trade between the two countries.

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