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For less than 12 dollars... Iraq reveals the average price of oil exported to Jordan
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2023-06-03 01:32
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Shafaq News/ The Iraqi Oil Marketing Company, "SOMO", announced on Saturday/ that the average price of crude oil exported to Jordan amounted to 59.55 dollars during the month of May.
Thus, Iraq sold one barrel of crude oil to Jordan last month for less than 11.75 dollars from the official selling price announced by the Ministry of Oil, which is 71.30 dollars, according to statistics issued by the ministry.
"The total oil exports to Jordan during the month of May amounted to 256,974 barrels," SOMO said in a statistic on its website, which was seen by Shafak News, indicating that "the export rate amounted to 8,000 barrels per day."
The Iraqi Oil Marketing Company added that "the average price of a barrel sold to Jordan amounted to 59.55 dollars," noting that "the value of imports from Jordan's oil exports during one month amounted to 15 million and 302 thousand dollars."
During its meeting, on March 28, 2023, the Iraqi Council of Ministers approved the recommendation of the Energy Ministerial Council regarding the approval of signing 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 of entry into force. into effect.
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 contract expiry, to start again in April, to be stopped in August to resume. 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.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-06-03 01:32
Share
Font
Shafaq News/ The Iraqi Oil Marketing Company, "SOMO", announced on Saturday/ that the average price of crude oil exported to Jordan amounted to 59.55 dollars during the month of May.
Thus, Iraq sold one barrel of crude oil to Jordan last month for less than 11.75 dollars from the official selling price announced by the Ministry of Oil, which is 71.30 dollars, according to statistics issued by the ministry.
"The total oil exports to Jordan during the month of May amounted to 256,974 barrels," SOMO said in a statistic on its website, which was seen by Shafak News, indicating that "the export rate amounted to 8,000 barrels per day."
The Iraqi Oil Marketing Company added that "the average price of a barrel sold to Jordan amounted to 59.55 dollars," noting that "the value of imports from Jordan's oil exports during one month amounted to 15 million and 302 thousand dollars."
During its meeting, on March 28, 2023, the Iraqi Council of Ministers approved the recommendation of the Energy Ministerial Council regarding the approval of signing 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 of entry into force. into effect.
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 contract expiry, to start again in April, to be stopped in August to resume. 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.
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