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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    $11 less than the global one.. Iraq reveals the average price of oil exported to Jordan in a month

    Rocky
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    $11 less than the global one.. Iraq reveals the average price of oil exported to Jordan in a month Empty $11 less than the global one.. Iraq reveals the average price of oil exported to Jordan in a month

    Post by Rocky Sun Apr 02, 2023 9:02 am

    $11 less than the global one.. Iraq reveals the average price of oil exported to Jordan in a month

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    Economy News _ Baghdad
    The Iraqi Oil Marketing Company "SOMO" announced, on Sunday, that the average price of crude oil exported to Jordan amounted to 62.56 dollars during the month of March.
    Thus, Iraq sold one barrel of crude oil to Jordan in the month of March for less than 10.81 dollars from the official selling price announced by the Ministry of Oil, which is 73.37 dollars, according to statistics issued by the ministry.
    SOMO said in a statistic on its website, which was seen by Al-Iqtisad News, that "the total oil exports to Jordan during the month of March amounted to 309,841 barrels," indicating that "the export rate amounted to 10,000 barrels per day."
    Sumo added; "The average price of a barrel sold to Jordan amounted to 62.56 dollars," indicating that "the value of imports from Jordan's oil exports during one month amounted to 19 million and 383 thousand dollars."  
    During its meeting, on March 28, 2023, the Iraqi Council of Ministers approved the recommendation of the Energy Ministerial Council regarding approving the signing of a memorandum of understanding for the processing of crude oil between the Ministry of Oil and the Jordanian Ministry of Energy and Mineral Resources, indicating that the extension will be for one year, starting from the date it entered into force. implementation.
    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 it stopped it in February 2022 as a result of the expiration of the contract to start again in April, to be stopped in August to resume. Again in 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, Saturday, the Ministry of Oil announced the total oil exports and revenues achieved for the month of February, indicating that they amounted to (100) million (913) thousand and (27) barrels, with revenues amounting to (7.404) billion dollars.


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