October 1 2022 7:59 AM E-paper Subscribe Sign in My Account Sign out

60K Iraqi oil barrels to arrive in Jordan today

operating-oil-2021-08-26-17-04-55-utc
(Photo: Envato Elements)
AMMAN — Some 300 tanker trucks carrying 60,000 barrels of oil from Iraq were expected to arrive in the Kingdom Sunday, following a supply suspension last February, Jordan News Agency, Petra, reported.اضافة اعلان

Nael Thiabat, Deputy Chief of the Jordan Truck Owners Association (JTOA), said Sunday that the oil shipment was now at the Jordanian-Iraqi borders and is in transit to Jordanian soil.

He noted that the crude oil supply from Iraq was suspended about two months ago due to a number of logistical issues.

Under an agreement, Iraq supplies Jordan with about 300,000 barrels of oil monthly at an average of 10,000 barrels daily.

Meanwhile, the Ministry of Energy and Mineral Resources denied that Jordan buys crude oil from Iraq at $16 a barrel, stressing that the memorandum of understanding between the two countries states the price of crude oil to Jordan will is determined by “the monthly Brent crude oil rate minus $16 per barrel,” according to Jo24.

In response to a parliamentary question by MP Khaled Al-Shalul, the ministry added that the difference between the price of Brent crude and the purchase price of Iraqi oil goes mostly to cover the differences in transport wages in addition to quality differences, which require higher costs for processing and refining.

Read more Business
Jordan News