JPRC receives first Iraqi oil deliveries | Business | Ammon News


JPRC receives first Iraqi oil deliveries


[9/5/2019 7:34:01 AM]

AMMONNEWS - The first of the daily 10,000-barrel Iraqi crude oil shipments arrived at Jordan Petroleum Refinery Company (JPRC) on Thursday as part of a memorandum of understanding (MoU) signed by the two countries on February 2.

Under the MoU, Jordan receives 10,000 barrels of Iraqi crude oil daily with a discount of $16 from the price of Brent Crude per barrel, to cover the difference of transport costs and deviations in standards.

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