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The average price of Iraqi oil exported to Jordan is less than $14 per barrel
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Baghdad today - follow-up
The Iraqi Oil Marketing Company "SOMO" announced today, Monday (October 2, 2023), that the average price of crude oil exported to Jordan reached $78 during the month of last September.
Thus, Iraq sold one barrel of crude oil to Jordan last month for less than $14.05, compared to the official selling price announced by the Ministry of Oil of $92.05, according to statistics issued by SOMO.
SOMO said in statistics on its website, which Baghdad Al-Youm reviewed, that “the total oil exports to Jordan during the month of September amounted to 449,423 barrels,” indicating that “the export rate reached 15,000 barrels per day.”
The Iraqi Oil Marketing Company added that "the average price of a barrel sold to Jordan reached $78," noting that "the value of imports from Jordan's oil exports during one month amounted to about $35 million."
In September 2021, Jordan received shipments of oil under an agreement to purchase 10,000 barrels per day of crude oil from Kirkuk fields to meet part of the local demand, before it stopped them in February 2022 as a result of the expiration of the contract, so that they could be started again in April, to be stopped in August to resume. Again last September 2022.
Jordan agreed with Iraq to increase its oil imports to 450,000 barrels per month instead of 300,000 barrels, starting last August.
It is noteworthy that Iraq exports crude oil at preferential prices to Jordan via tanker trucks at a rate of approximately 15 thousand barrels per day.
Source: Agencies
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