Jordan to resume crude imports from Iraq

22-05-2023 03:12 PM

Ammon News - Assistant Secretary-General for Energy Affairs at the Ministry of Energy and Mineral Resources, Hassan Hiyari, confirmed, on Monday, that the transfer of Iraqi oil to Jordan has resumed, with the same quantities and previous conditions.

Jordan and Iraq have signed a memorandum of understanding on Thursday for crude oil preparation and transportation under which Jordan imports 10,000 barrel daily based on the monthly Brent crude oil prices of 16 US dollars per barrel to cover quality difference and transportation fares.

He added that work has been done to re-transfer Iraqi oil to Jordan through tankers, according to the renewed memorandum of understanding between Jordan and Iraq, and on the same previously agreed terms, which are approximately 300,000 barrels per month.

Keeping in mind that Jordan has been importing crude oil under the memorandum with Iraq since July 2021 up until march of last year as the oil quantities amounted to 4.5 million barrels.

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