Iraqi oil exports covers 7% of Jordan's needs, says minister

oil tankers driving on a highway through a desert
(Photo: Twitter)
AMMAN — Minister of Energy and Mineral Resources, Saleh Kharabsheh, on Thursday said the quantity of Iraqi oil agreed to be exported to Jordan meets about 7 percent of the kingdom's crude oil needs. اضافة اعلان

According to the Jordan News Agency, Petra, the minister lauded the current cooperation relations with the Iraqi side in the energy sector, stressing importance of making progress in completing implementation of joint cooperation projects, which would serve common interests.

Agreement signedOn Thursday, Jordan and Iraq signed a memorandum of understanding to process and transport crude oil, under which the Kingdom imports 10,000 barrels per day from Iraq, based on the monthly Brent crude price minus $16 per barrel, to cover difference in quality and transportation fees.

The agreement was signed by Kharabsheh on behalf of the Jordanian government and Iraqi Minister of Oil, Hayan Abdul Ghani.

Regarding the oil quantities delivered to Jordan, Kharabsheh said the Kingdom imported from Iraq about 4.5 million crude oil barrels, from September 2021 until the end of last March, at an average rate of about 9,929 barrels per day.

Read more Business
Jordan News