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SOMO: The average price of a barrel of oil exported to Jordan was less than 9 dollars over the past month
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Economy News _ Baghdad
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Added 02/02/2023 - 9:44 AM
Updated 02/02/2023 - 12:59 PM
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Economy News _ Baghdad
The Iraqi Oil Marketing Company "SOMO" announced that the average price of crude oil exported to Jordan amounted to 66.78 dollars during the month of January.
Thus, Iraq sold one barrel of crude oil to Jordan in January for less than 9.18 dollars from the official selling price announced by the Ministry of Oil, which is 75.96 dollars, according to statistics issued by the ministry.
SOMO said in a statistic published on its website and seen by "Al-Iqtisad News", that "the total oil exports to Jordan during the month of January amounted to 309 thousand and 529 barrels," indicating that "the export rate amounted to 10 thousand barrels per day."
Somo added that "the average price of a barrel sold to Jordan amounted to 66.78 dollars," indicating that "the value of imports from Jordan's oil exports during one month amounted to 21 million dollars."
In September 2021, Jordan received shipments of oil under an agreement to buy 10,000 barrels per day of crude oil from the Kirkuk fields to meet part of the local demand, before stopping it in February 2022 as a result of the expiration of the contract to start again last April, to be stopped in August. And to return again last September 2022.
It is noteworthy that Iraq exports crude oil at preferential prices to Jordan through tank trucks at a rate of approximately 10,000 barrels per day.
Yesterday, Wednesday, the Ministry of Oil announced the total oil exports and revenues achieved for the month of January, indicating that they amounted to 101 million 245 thousand and 95 barrels, with revenues amounting to 7.690 billion dollars.
Views 84
Added 02/02/2023 - 9:44 AM
Updated 02/02/2023 - 12:59 PM
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