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At $16 less than the market per person, Jordan imports 1.5 million barrels of Iraqi oil
Shafaq News/ Jordan announced that it imported 1.5 million barrels of crude oil from Iraq within five months, indicating that it had agreed with Iraq to continue working on the memorandum of understanding signed between the two sides to import Kirkuk crude oil.
The Assistant for Energy Affairs at the Ministry of Energy and Mineral Resources, Engineer Hassan Al-Hiyari, said in a press statement that "Jordan agreed with Iraq to continue working on the memorandum of understanding signed between the two sides to import Iraqi Kirkuk crude oil at a rate of 10,000 barrels per day, which will be transported to the Jordan Petroleum Refinery in Zarqa."
He added, "It is expected that the import of Iraqi oil will begin at the beginning of next April, after it stopped at the beginning of last February, to complete the discussion of items in the memorandum of understanding signed between the two countries, praising the cooperation of the Iraqi side in this field."
Al-Hiyari indicated that the total quantities of Iraqi crude oil supplied to the Kingdom from September 1, 2021 until January 30, 2022 amounted to about 1,505 million barrels, at a daily rate of about 9,899 barrels loaded on 5,866 tanks (Iraqi and Jordanian) from the site (Al-Siniya/Baiji plant) to the refinery site. / Blue".
He stressed that "the process of importing Iraqi crude oil came in implementation of what was stated in the memorandum of understanding for the supply of crude oil signed between the governments of the two brotherly countries on 28/1/2021, according to which the Jordanian side purchases Iraqi crude oil (Kirkuk crude oil) to meet part of its annual needs from Crude oil and not exceeding 10,000 barrels per day (+ or -15 percent) based on the monthly average Brent crude oil minus (16) dollars per barrel, in order to cover the quality difference and transportation fees.”
He also pointed out that "the Jordanian side is obligated under this memorandum to provide tankers for transporting Iraqi crude oil in the Baiji region in Iraq to the Jordan Petroleum Refinery, and the tanks are distributed equally between Jordanian and Iraqi companies."
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The Assistant for Energy Affairs at the Ministry of Energy and Mineral Resources, Engineer Hassan Al-Hiyari, said in a press statement that "Jordan agreed with Iraq to continue working on the memorandum of understanding signed between the two sides to import Iraqi Kirkuk crude oil at a rate of 10,000 barrels per day, which will be transported to the Jordan Petroleum Refinery in Zarqa."
He added, "It is expected that the import of Iraqi oil will begin at the beginning of next April, after it stopped at the beginning of last February, to complete the discussion of items in the memorandum of understanding signed between the two countries, praising the cooperation of the Iraqi side in this field."
Al-Hiyari indicated that the total quantities of Iraqi crude oil supplied to the Kingdom from September 1, 2021 until January 30, 2022 amounted to about 1,505 million barrels, at a daily rate of about 9,899 barrels loaded on 5,866 tanks (Iraqi and Jordanian) from the site (Al-Siniya/Baiji plant) to the refinery site. / Blue".
He stressed that "the process of importing Iraqi crude oil came in implementation of what was stated in the memorandum of understanding for the supply of crude oil signed between the governments of the two brotherly countries on 28/1/2021, according to which the Jordanian side purchases Iraqi crude oil (Kirkuk crude oil) to meet part of its annual needs from Crude oil and not exceeding 10,000 barrels per day (+ or -15 percent) based on the monthly average Brent crude oil minus (16) dollars per barrel, in order to cover the quality difference and transportation fees.”
He also pointed out that "the Jordanian side is obligated under this memorandum to provide tankers for transporting Iraqi crude oil in the Baiji region in Iraq to the Jordan Petroleum Refinery, and the tanks are distributed equally between Jordanian and Iraqi companies."
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