Local News

When will Jordan resume its imports of Iraqi crude oil?

Amman Today

publish date 2022-09-19 13:37:31

Today, Monday, Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, announced the resumption of loading Iraqi oil supplied to the Kingdom, after the Iraqi side completed the logistical procedures.

He said in a press statement, that the loading process started from the new site of (the modern Kirkuk warehouse) instead of the site (Al-Siniya/Baiji station), and that the Ministry of Energy and Mineral Resources, with close follow-up from the Jordanian embassy in Baghdad, reached with the Ministry of Oil and the Oil Marketing Company (SOMO). ) in the Republic of Iraq for understandings to extend the memorandum of understanding for the supply of crude oil signed on January 28, 2021, to December 31, 2022, in order to complete the transfer of all the remaining contractual quantities stipulated in the memorandum of understanding.

The Kingdom had imported from Iraq from September 2021 until the end of July 2022 quantities of oil amounting to about 2,525 million barrels, at a rate of 8,359 barrels per day, which were transported by 9,678 loaded tankers from the site (Al-Siniya / Baiji) to the refinery / Zarqa site, while the remaining amount according to the The memorandum of understanding is 1.2 million barrels, as Jordan imports about 10 thousand barrels per day (15) percent based on the monthly average of Brent crude oil minus $ 16 per barrel, in order to cover the quality difference and transportation fees.


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Jordan News

Source : اخبار الاردن

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