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309 thousand barrels of oil Jordan imports from Iraq during November

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309 thousand barrels of oil Jordan imports from Iraq during November Empty 309 thousand barrels of oil Jordan imports from Iraq during November

Post by claud39 Tue Dec 03, 2019 6:34 am

309 thousand barrels of oil Jordan imports from Iraq during November


03/12/2019



309 thousand barrels of oil Jordan imports from Iraq during November 18132



Economy News _ Baghdad

The amount of oil imported from Iraq for the month of November last 309 thousand barrels were transported by 1209 tanks.

The Minister of Energy and Mineral Resources, Hala Zawati, said in a press statement seen by Al-Eqtisadiah that the total imported quantities of Iraqi oil were transferred from the Baiji refinery to the Jordanian oil refinery in the city of Zarqa at a rate of 10,000 barrels per day.
  
As for the total quantities discharged in the Jordanian oil refinery since the beginning of last September until the end of November last, Zawati said it amounted to 776 thousand barrels.
 
Minister Zawati stressed that these quantities constitute 7% of the Kingdom's needs, pointing out that this step comes within the framework of energy cooperation between Jordan and Iraq to serve the interests of the two brotherly countries.

With regard to the prices of Iraqi oil, Minister Zawati said that the memorandum of understanding stipulates that Iraq will sell crude oil (Kirkuk crude oil) to Jordan on the basis of the Brent crude oil monthly rate minus transportation costs and the difference according to specifications.

She said that the memorandum of understanding embodies the economic interests of Jordan and Iraq and enhances energy cooperation between the two countries and contribute to the creation of more jobs and restore the vital economic role of the land road between the two countries, describing the import of Iraqi oil as a new phase of economic cooperation between Jordan and Iraq.
 
Zawati stressed the importance of moving forward cooperation relations between Jordan and Iraq in the field of energy to meet the interests of both parties by completing the construction of Iraq's oil export pipeline through the port of Aqaba, which extends from Basra through Haditha and then to the port of Aqaba, as well as the establishment of a network of electrical connection between the two countries.
 
The Ministry of Energy and Mineral Resources, in cooperation with the Iraqi side, began in early September last work on the memorandum of understanding on the purchase of Iraqi oil, which is continuing the transfer process in accordance with the program agreed between the two countries.
 
In February, Jordan and Iraq signed a memorandum of understanding under which the Kingdom imports Iraqi crude oil (Kirkuk crude oil) to meet part of its annual needs.





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