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Less than $15 a barrel.. the average price of Iraqi oil exported to Jordan
Shafaq News/ The Iraqi Oil Marketing Company "SOMO" announced on Thursday that the average price of crude oil exported to Jordan amounted to 97 dollars per barrel during the month of May, after starting for the second month in a row to export oil to this country during the current year.
Thus, Iraq has sold the price of one barrel of crude oil to Jordan for less than 15 dollars, compared to the official selling price announced by the Ministry of Oil, which amounts to more than (111.79) dollars, according to the statistics issued yesterday by the ministry regarding the total exports and revenues generated from selling crude. for the month of last May.
Somo said in a statistic on its website, which was seen by Shafak News, that "the total oil exports to Jordan during the month of May amounted to 353 thousand and 973 barrels," indicating that "the export rate amounted to 11 thousand barrels per day."
The company added that "the average price of a barrel sold to Jordan amounted to 97.25 dollars," noting that "the value of imports from Jordan's oil exports during one month amounted to 34 million and 423 thousand and 874 dollars."
In September 2021, Jordan received oil shipments under an agreement to buy 10 thousand barrels per day of crude oil from the Kirkuk fields to meet part of the domestic demand, before stopping it in February 2022 as a result of the contract expiry, to start again last April.
It is noteworthy that Iraq exports crude oil at preferential prices to Jordan via tanker trucks, at an approximate rate of 10,000 barrels per day.
Yesterday, Wednesday, the Ministry of Oil announced the total oil exports and revenues achieved for the month of May, indicating that they amounted to 100 and two million, (303) thousand and (20) barrels, with revenues of (11.436) billion dollars.
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Thus, Iraq has sold the price of one barrel of crude oil to Jordan for less than 15 dollars, compared to the official selling price announced by the Ministry of Oil, which amounts to more than (111.79) dollars, according to the statistics issued yesterday by the ministry regarding the total exports and revenues generated from selling crude. for the month of last May.
Somo said in a statistic on its website, which was seen by Shafak News, that "the total oil exports to Jordan during the month of May amounted to 353 thousand and 973 barrels," indicating that "the export rate amounted to 11 thousand barrels per day."
The company added that "the average price of a barrel sold to Jordan amounted to 97.25 dollars," noting that "the value of imports from Jordan's oil exports during one month amounted to 34 million and 423 thousand and 874 dollars."
In September 2021, Jordan received oil shipments under an agreement to buy 10 thousand barrels per day of crude oil from the Kirkuk fields to meet part of the domestic demand, before stopping it in February 2022 as a result of the contract expiry, to start again last April.
It is noteworthy that Iraq exports crude oil at preferential prices to Jordan via tanker trucks, at an approximate rate of 10,000 barrels per day.
Yesterday, Wednesday, the Ministry of Oil announced the total oil exports and revenues achieved for the month of May, indicating that they amounted to 100 and two million, (303) thousand and (20) barrels, with revenues of (11.436) billion dollars.
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