Local News

Iraq is considering increasing the quantities of oil supplied to Jordan

Amman Today

publish date 2023-07-10 19:22:00

An official at the Ministry of Energy and Mineral Resources said that official talks are currently taking place with the Iraqi side to increase the quantities of oil supplied to Jordan, according to the memorandum of understanding concluded between the two countries.

The official indicated to the “Kingdom” that the discussions include an increase of 5 thousand barrels of oil per day, in addition to the quantities of oil supplied per day from Iraq, which currently amount to 10 thousand barrels per day, so that the quantities supplied per day become 15 thousand barrels per day (450 thousand barrels per month).

Regarding the bid for Iraqi oil transportation, the source confirmed the existence of an initial referral to one of the bidding companies with the lowest price.

The quantities of oil exported from Iraq to Jordan last May amounted to about 257 thousand barrels, according to data from the Iraqi Oil Marketing Company “SOMO”.

The data showed that shipments of Iraqi oil to Jordan, which are transported by truck by road, amounted to 8,000 barrels per day.

And the Ministry of Energy and Mineral Resources announced earlier that it needed to purchase a service for transporting Iraqi crude oil according to specific specifications and conditions, and set the end of May as the date for the end of the sale of the copy of the invitation to tender.

And the transfer of Iraqi oil to Jordan resumed, with the same quantities and previous conditions, so that work was done to re-transfer Iraqi oil to Jordan through tankers, according to the renewed memorandum of understanding between Jordan and Iraq, and under the same conditions previously agreed upon, which is approximately 300 thousand barrels per month.

Jordan and Iraq signed a memorandum of understanding for the processing and transportation of crude oil, according to which Jordan imports 10,000 barrels per day based on the monthly Brent crude rate minus $16 per barrel, to cover the difference in quality and transportation fees.

According to previous statements by the Minister of Energy and Mineral Resources, Saleh Kharabsheh, the quantities imported from Iraq constitute about 7% of Jordan’s crude oil needs.

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Jordan News

Source : اخبار الاردن

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