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[size=36]Jordan announces the arrival of Iraqi oil at a preferential price[/size]
Economy | 10:37 - 07/09/2019
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BAGHDAD -
Jordanian Minister of Energy and Mineral Resources Hala Zawati said on Saturday that Iraqi oil has arrived at a preferential price.
Zawati said in a press statement continued (Mawazine News), that "her country will negotiate with Iraq soon, to increase the quantities of Iraqi crude oil supplied to Jordan, amounting to 10,000 barrels per day."
She added that "oil shipments began to flow from Iraq as of last Thursday, through tanks landing at the Jordanian refinery, under the agreement signed between the two sides in February last year."
Zawati noted that "the imported quantities constitute only 7% of Jordan's consumption of crude oil, to be negotiated later to increase the quantity."
She noted that "under the memorandum of understanding, Jordan buys Kirkuk crude at prices equivalent to Brent crude is deducted from the cost of transport and specifications difference."
The minister explained that "the number of tanks that transport Iraqi oil is 200 tankers out of 500 were contracted through the Jordan Life Tower Transport Company and its partners, which won the bid to transport crude oil."
She pointed out that "this agreement revitalizes the sector of transport and road freight between the two countries and the operation of shops and services along the road between Amman and Baghdad."
She added that "the next phase will see an acceleration of the procedures to extend the oil pipeline from the city of Basra to the Jordanian port of Aqaba, after the approval of the Iraqi Council of Ministers, which provides Jordan's needs of crude and provides an export port for Iraqi oil to other countries."
The minister noted to "continue the work to complete the electrical link between the two countries."
Jordanian Minister of Energy and Mineral Resources Hala Zawati said on Saturday that Iraqi oil has arrived at a preferential price.
Zawati said in a press statement continued (Mawazine News), that "her country will negotiate with Iraq soon, to increase the quantities of Iraqi crude oil supplied to Jordan, amounting to 10,000 barrels per day."
She added that "oil shipments began to flow from Iraq as of last Thursday, through tanks landing at the Jordanian refinery, under the agreement signed between the two sides in February last year."
Zawati noted that "the imported quantities constitute only 7% of Jordan's consumption of crude oil, to be negotiated later to increase the quantity."
She noted that "under the memorandum of understanding, Jordan buys Kirkuk crude at prices equivalent to Brent crude is deducted from the cost of transport and specifications difference."
The minister explained that "the number of tanks that transport Iraqi oil is 200 tankers out of 500 were contracted through the Jordan Life Tower Transport Company and its partners, which won the bid to transport crude oil."
She pointed out that "this agreement revitalizes the sector of transport and road freight between the two countries and the operation of shops and services along the road between Amman and Baghdad."
She added that "the next phase will see an acceleration of the procedures to extend the oil pipeline from the city of Basra to the Jordanian port of Aqaba, after the approval of the Iraqi Council of Ministers, which provides Jordan's needs of crude and provides an export port for Iraqi oil to other countries."
The minister noted to "continue the work to complete the electrical link between the two countries."
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