First shipment of Iraqi crude oil to arrive on Tuesday

Home Business First shipment of Iraqi crude oil to arrive on Tuesday 31-08-2019 07:35 AM Ammon News - AMMONNEWS - The first shipment of Iraqi crude oil is set to arrive in Jordan on Tuesday as part of a deal under which the Kingdom will buy 10,000 barrels a day of Iraq's Kirkuk oil at benchmark crude Brent prices minus transport costs, Minister of Energy and Mineral Resources Hala Zawati announced on Saturday. The minister said in a statement that loading of tanker trucks in Kirkuk has already started and the shipment is expected to arrive on Tuesday to the Jordan Petroleum Refinery in Zarqa. Zawati added that the daily shipments of Iraqi crude oil to Jordan will not exceed 10,000 barrels a day, comprising 7 percent of the Kingdom's needs, in the first stage but could be increased pursuant to future agreements. According to the minister, more than 200 tankers from Jordan and Iraq will participate in the shipping process, 50 percent each, including truck tankers owned by citizens (individuals) and companies working in the transport of crude oil. She said that cooperation between Jordan and Iraq in the energy domain is not limited to importing crude oil only, noting that the two countries are working to complete the necessary procedures for the establishment of an oil pipeline extending from Iraq's Basra to the port of Aqaba.

Home Business

First shipment of Iraqi crude oil to arrive on Tuesday

31-08-2019 07:35 AM

Ammon News - AMMONNEWS - The first shipment of Iraqi crude oil is set to arrive in Jordan on Tuesday as part of a deal under which the Kingdom will buy 10,000 barrels a day of Iraq's Kirkuk oil at benchmark crude Brent prices minus transport costs, Minister of Energy and Mineral Resources Hala Zawati announced on Saturday.

The minister said in a statement that loading of tanker trucks in Kirkuk has already started and the shipment is expected to arrive on Tuesday to the Jordan Petroleum Refinery in Zarqa. Zawati added that the daily shipments of Iraqi crude oil to Jordan will not exceed 10,000 barrels a day, comprising 7 percent of the Kingdom's needs, in the first stage but could be increased pursuant to future agreements.

According to the minister, more than 200 tankers from Jordan and Iraq will participate in the shipping process, 50 percent each, including truck tankers owned by citizens (individuals) and companies working in the transport of crude oil.

She said that cooperation between Jordan and Iraq in the energy domain is not limited to importing crude oil only, noting that the two countries are working to complete the necessary procedures for the establishment of an oil pipeline extending from Iraq's Basra to the port of Aqaba.

no comments

Notice

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.

name : *
email
	show email
comment : *
Verification code :	Refresh write code :